SecurityScorecard acquires HyperComply to boost AI security
SecurityScorecard has announced its acquisition of HyperComply, an AI-powered platform specialising in security questionnaire automation and compliance management.
The integration of SecurityScorecard's security ratings and risk visibility with HyperComply's automation aims to streamline how enterprises conduct vendor security reviews and monitor supply chain security.
Vendor ecosystems have grown increasingly complex, and static, manual assessments present risks as they can miss rapidly evolving threats. This new combination of technologies is intended to allow for more dynamic, continuous, and AI-powered supplier assurance by moving away from periodic questionnaires and towards ongoing risk monitoring.
The joint platform is expected to give enterprises faster vendor onboarding, enhanced due diligence, and improved relationships with both partners and customers. Instead of relying on manual processes, customers will access a more comprehensive and current view of supply chain vulnerabilities and compliance postures.
Dr. Aleksandr Yampolskiy, CEO and Co-Founder of SecurityScorecard, commented on the acquisition, saying:
"We are very impressed by HyperComply's technology and deep empathy for customers. Security and compliance teams spend hours responding to vendor questionnaires, often at the expense of innovation. Together, we are making this process 10X faster through automation and accuracy. By bringing HyperComply into SecurityScorecard, we can eliminate a barrier to efficiency for suppliers while accelerating trust across the entire supply chain."
The HyperComply platform automates the completion of security questionnaires, serving as a central repository for companies' compliance documentation and enabling proactive evidence sharing. Its proprietary RespondAI technology, which incorporates human verification for accuracy, is designed to reduce the time and effort on both sides (supplier and customer) by 92 per cent, and to enable companies to process questionnaires more than 70 per cent faster, according to figures provided by the company.
"FWe started HyperComply to free teams from the bottlenecks of manual questionnaires. Together with SecurityScorecard, we can expand our reach, accelerate innovation and deliver a future where supplier assurance is continuous, collaborative and AI-driven," Amar Chahal, CEO and Co-Founder of HyperComply.
The acquisition, which closed earlier this month, is set to combine SecurityScorecard's established presence with HyperComply's AI-driven technical expertise. Customers should begin to see integrated features towards the end of this year.
The companies have noted that international and European enterprises stand to benefit from the combination, as it supports compliance with mandates such as GDPR, DORA and NIS2, while also aiding data sovereignty and expediting cross-border vendor onboarding. Automation of questionnaire response and evidence sharing is expected to be embedded in SecurityScorecard's continuous monitoring services.
Supply chain security remains a growing concern as organisations face ongoing threats from third and even fourth-party suppliers. SecurityScorecard's approach of Supply Chain Detection and Response will, as a result of this acquisition, encompass advanced automation and broader evidence management, aiming to help customers proactively address vulnerabilities before they lead to security breaches.
SecurityScorecard's technology currently provides supply chain monitoring and threat intelligence services to more than 3,000 organisations worldwide, including a significant proportion of Fortune 100 companies. HyperComply, meanwhile, provides automation and trust tools to governance, risk, and compliance teams, ranging from start-ups to global enterprises.
