Automated Vendor Security Risk Assessment via Computational Analysis
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Solution Overview
Problem
Current methods for assessing vendor security practices in client-vendor relationships are manual, time-consuming, and often rely on self-reporting, making it difficult for clients to accurately evaluate and manage information security risks.
Innovation Solution
A computational risk analysis system that collects and analyzes security information from vendors, creates a standardized vendor security profile, and dynamically evaluates client-specific vendor security risks based on interaction details, using automated processes and machine learning.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If manual approaches are used to investigate vendor security profiles, then clients can assess vendor security practices, but the process becomes time-consuming and expensive
Solution Approach 1:
The patent replaces manual mechanical investigation processes with automated computational systems. The system uses machine learning models and automated data collection to assess vendor security profiles, eliminating the need for manual security professional involvement while maintaining or improving assessment accuracy.
Solution Approach 2:
The patent introduces an intermediary automated risk analysis system that mediates between clients and vendors. This system collects security information from multiple sources, processes it through computational models, and provides risk assessments to clients, thereby reducing the time and cost of direct manual investigations.
2Ease of operation
If clients rely on self-reporting and internet research to assess vendor security, then the assessment process is simplified, but the accuracy and reliability of security risk evaluation deteriorates
Solution Approach 1:
The patent creates a universal automated assessment system that performs multiple functions: collecting security information from various sources, validating the information through cross-referencing, analyzing risks using machine learning models, and generating comprehensive risk profiles. This multi-functional system maintains simplicity for clients while ensuring reliable evaluations.
Solution Approach 2:
The patent implements feedback mechanisms where the system continuously collects security information from multiple sources, compares it against established security standards and benchmarks, and adjusts risk assessments based on the consistency and quality of the information received. This feedback loop enhances reliability while maintaining operational simplicity.
3Productivity
If computational approaches are used to determine vendor security practices, then the process becomes automated and efficient, but the complexity of the system increases
Solution Approach 1:
The patent segments the complex risk analysis system into distinct functional modules: data collection from multiple sources, information validation, risk factor identification, machine learning-based analysis, and report generation. Each module handles a specific aspect of the assessment, making the overall complex system manageable and maintainable while achieving high productivity.
Solution Approach 2:
The patent enables the system to automatically collect, validate, and analyze security information without requiring manual intervention. The machine learning models self-adjust and improve based on the data they process, and the system automatically generates risk assessments and recommendations, thereby achieving high productivity despite internal complexity.
Data Source
AI summary
Provided are mechanisms and processes for computational risk analysis and intermediation. Security practices information characterizing security measures in place at a first computing system may be received from the first computing system via a network. Computing services interaction information characterizing data transmitted from a second computing system to the first computing system may be received from the second computing system via the network. A processor may determine a risk profile for the first computing system based on the security practices information. Based on the risk profile and the computing services interaction information, the processor may then determine an estimate of the information security risk associated with transmitting the data from the second computing system to the first computing system. A risk assessment message including the estimate of the information security risk may be transmitted to the second computing system.


