Risk Rating Criteria – Canada
Cyber Security Rating
Achilles and SecurityScorecard™ have collaborated to provide a powerful cyber-security rating service. SecurityScorecard non-intrusively collects data from publicly available commercial and open-source feeds across the internet for an outside-in, hacker perspective of a company’s cybersecurity posture. This data is then analyzed by SecurityScorecard data science experts who calculate scores across 10 key risk indicator categories as well as an overall security rating using an easy-to-understand A-F grading scale.
| Security Rating (A or B) | COMPLIANT |
| Security Rating (C, D, or F) | ALERT – NEEDS CLIENT REVIEW |
| Supplier uses public domain like Gmail, Hotmail, etc. or cannot be found | EXEMPT |
Diversity Status Verification
When a supplier indicates they are a diverse supplier, Achilles verifies that the supplier is properly certified for one or more diversity status.
| Company claims certification(s) which cannot be verified | FAIL – NO DOC |
| Company certification(s) have expired | FAIL – EXPIRED |
Equifax Business Credit Report.
With the Equifax Business Credit Report you’ll gain insight and a holistic view of your commercial clients’ business viability.
| When a report is found for the supplier. | UPLOADED |
Equifax Business Failure Risk Score.
The Equifax BFRS is a risk-scoring model that can predict the likelihood of a company ceasing business within the next 12 months.
| BFRS is 1-3 | COMPLIANT |
| BFRS is 4-5 | ALERT – NEEDS CLIENT REVIEW |
Global Watch List and Adverse Media Monitoring
Achilles and LexisNexis® have partnered to provide Achilles’ clients continuously monitored real-time monitoring of the legal company name of the supplier against the most inclusive, government published Watch Lists available to determine if a supplier has been listed as barred or received any type of censor by financial, criminal and/or regulatory authorities globally.
Achilles and LexisNexis® have also partnered to provide Achilles’ clients access to an extensive proprietary database of entities linked to illicit activities from over 35,000 news sources worldwide. Achilles’ adverse media profiles have been constructed by researchers based on media stories by reputable media sources in dozens of languages around the world and are continuously monitored.
| Company Name appears on any sanction list or enforcement action | ALERT – NEEDS CLIENT REVIEW |
| Company Name appears in any negative media | ALERT – NEEDS CLIENT REVIEW |
| Company Name is listed as having government ownership | ALERT – NEEDS CLIENT REVIEW |
Insurance Coverage Monitoring
Verification of the A.M. Best® rating of insurance carriers, insurance limits, insurance policies and additional insured language against your company’s business criteria. In addition, Achilles continuously monitors changes in coverage and will notify you and the supplier of any changes, cancellations or expirations of the supplier’s coverage. Achilles will also proactively manage insurance expiration dates to ensure suppliers renew their coverage prior to the policy expiration date.
| Insurance ratings based on client’s specific requirements |
W-8BEN-E Form Collection.
Achilles collects and verifies the most current W-8BEN-E tax form from each supplier ensuring that it has been completed properly. Image of the tax form is securely stored online and is accessible 24/7.
