SecurityScoreboard SaaS Provision for Financial Institutions Cybersecurity Monitoring

The contract involves the provision of SecurityScoreboard software as a service to the Maryland Department of Labor, specifically for monitoring cybersecurity risks and threats faced by over 75 financial institutions and approximately 200 third and fourth-party vendors under the supervision of the Office of Financial Regulation. The vendor will enable the department to access real-time cybersecurity risk assessments and threat intelligence, facilitating proactive management and mitigation efforts within the financial sector. The contract is valued between $500,000 and $1,500,000 and is structured as a SaaS arrangement, emphasizing ongoing access and support for cybersecurity monitoring. The solicitation, identified as BPM041325, was posted on June 7, 2024, with a response deadline of June 21, 2024. The project is managed under the NAICS code 541519, which pertains to other computer related services, and is part of the State and Local Government Enterprise (SLED) sector. The primary point of contact for this contract is Arthur Petersen, whose contact details are provided for inquiries. The contract aims to enhance the department’s capability to oversee and respond to cybersecurity threats efficiently, ensuring the security and integrity of financial institutions and their associated vendors within Maryland.