Bank of Montreal
SYSTEM AND METHOD FOR A VENDOR RISK MANAGEMENT PLATFORM

Abstract:

A risk management platform may have a risk management server and a client portal. The client portal can be configured to: receive security data relating to a client system; anonymize the security data; and transmit the security data to the risk management server along with a unique key linked the client system. The security data the risk management server can be configured to: identify the client system using the unique key; generate a score as a security assessment of the client system using a plurality of rules to evaluate the security data; detect a security threat relevant to the client system by processing real-time data feeds; generate an alert for the security threat to the client system; monitor the client portal for a response to the alert by the client system; and update the score in response to the alert or the response.