Tenchi Security

tenchisecurity.com

Tenchi specializes in Third-Party Cyber Risk Management (TPCRM) with a mission to collaboratively and scalably decrease information asymmetry concerning information security and compliance risks within corporate ecosystems. Tenchi launched an initial product called Zanshin that gives enterprise companies visibility into the security risks present in their critical third parties. Third parties play an instrumental role in today’s business environment, and sensitive data is shared amongst companies that are part of their ecosystems. Compliance requirements hold organizations liable for any data breaches involving companies that “touch” their data, which means steep fines and potential business disruptions. Massive cloud adoption further complicates the scenario because securing the cloud is more difficult than in other environments and skilled personnel is scarce. The current methods and tools used by companies to manage their third-party risk make the process very aggressive, yet shallow and without visibility into cloud environments. Tenchi's product was developed from scratch to be based on cooperation, with a controlled sharing of security postures and maturity data between organizations that benefit the entire ecosystem. Large enterprises can finally have the visibility they need to ensure that their data is properly secured whether it is in their own environments or a third party's. Third parties gain much-needed help to improve their security postures through an automated process that greatly reduces the burdens they face dealing with endless questionnaires and audits. Plus, the product reduces information asymmetry in the ecosystem, so market forces can work to reward security-conscious third parties with more business from regulated corporate customers and higher margins.