Unit Trust of Samoa protects its investors using UpGuard

Combining security ratings and automating third-party risk monitoring helps UTOS focus on what matters, investing.

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UTOS logo

UTOS is an investment vehicle for local and overseas based Samoans and Samoan businesses UpGuard helps benchmark and continuously improve their own cybersecurity performance, as well as assess and remediate third-party risk.

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Vendors continuously monitored by the UpGuard platform

70+

Unique vectors continuously monitored for data leaks and exploits

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Digital assets continuously monitored

UTOS logo

Headquarters

Apia, Samoa

Industry

Investment Management

Founded

2008

Overview

The Unit Trust of Samoa is an initiative of the Government of Samoa mandated under the Unit Trusts Act 2008.

Challenge

Provide a way for UTOS to assess, remediate and monitor the ongoing cybersecurity performance of their own IT department, as well as their third-party vendors.

Solution

UpGuard BreachSight and Vendor Risk, for Cyber Security Ratings and Continuous Vendor Monitoring

About The Unit Trust of Samoa

The Unit Trust of Samoa (UTOS) is an initiative of the Government of Samoa whose goal is to provide an investment vehicle for local and overseas-based Samoans and Samoan businesses.

The trust is an opportunity for small investors to access a range of investment options while spreading risk and leaving the management of their savings in the hands of experts.

The challenge

Samoans are quickly embracing the advantages of the Internet for their economy and quality of life. However, while they enjoy its benefits, they also recognize that it can introduce significant cybersecurity risk.

This led the Samoan government to develop the National Cybersecurity Strategy 2016-2021 to develop Samoa’s cybersecurity. The strategy aimed to help organizations become responsive to cybersecurity issues and to establish a working relationship with government, trade associations, and other business partners to tackle cyber threats.

As Samoa’s leading fund manager, UTOS wanted to ensure they had adequate cyber hygiene practices to keep their investors personally identifiable information safe and secure. This includes information assets managed by related or third-parties.

The solution

UTOS uses the UpGuard platform to:

  • Continuously monitor third-parties service providers and vendors: UpGuard Vendor Risk provides UTOS with up-to-date third and fourth-party security ratings and monitoring capabilities.
  • Increase rigor in vendor procurement and assessment: Beyond security ratings, UpGuard Vendor Risk’s security questionnaire library provides UTOS with the tools they need to assess not only the external security posture of current and potential vendors but also internal security controls by using security questionnaires.
  • An understanding of their own external security posture: UpGuard BreachSight provides continuous monitoring and first-party security ratings for UTOS, giving them a clear understanding of their own external security posture.
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UpGuard helps me quickly find vulnerabilities in my own infrastructure and my vendors'.

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James Ah Wai from UTOS

James Ah Wai

IT Manager
UTOS

The results

70+ vectors continuously monitored

Over 70 unique vectors are continuously monitored by the UpGuard platform for security issues.

Zero effort deployment

UpGuard is a cloud-hosted solution, so there was no software deployment needed to get started. The UTOS team was able to invite their whole team in minutes and then imported a list of their vendors. Because UpGuard monitors every business with a digital footprint, the detailed results and risk scores were available immediately. The team even started “following” vendors that they were not yet using in order to proactively measure their risk.

Better and easier cybersecurity

UpGuard provides external intelligence on security performance and enables comparisons with industry peers. This gives UTOS the ability to see which security risks are affecting their overall security performance with ongoing comparison against their industry average.

You’re in good company

Join hundreds of companies like yours using UpGuard to manage their cyber risk, secure their data and automate their security compliance.

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