A question for how you would deal with a client's IP was not really answered. Yes or no questions: Do you have some kind of liability insurance? What actual operational controls do you have to keep client information secure? Saying things like, "only people who are authorized to see the data can see the data." Doesn't say anything meaningful. What tools do you use? Actually use? Do you have samples of the reports, if you have them?
I've been at start-ups and those were superficial answers that I could send if a client/partner/vendor needed to check a box.
But I've also worn the hat of asking for those to be filled out and really caring about the answers. I wouldn't take anything I've heard so far as an indication of anything other than buzzword competency in a information security and compliance vocabulary. Sorry.
I'll watch it, but at this point, I don't see the value add.
If I'm big enough to use the product- why wouldn't I just have/use 'junior employee' you mentioned above?
However, you'll have to forgive us for not posting all of that in a HN comment. I understand that you "wouldn't take anything that you've heard so far as an indication of anything other than buzzword competency" but I assume you also probably wouldn't be conducting such diligence in HN comments.
My answers go something like this:
1. We handle a company's security documentation the same way companies treat any sensitive info they are storing (credit card data, PII, etc). We store it encrypted at rest and in transit, ensure that only employees who need access to said data have that access, require 2FA on everything, require sufficiently strong passwords, encrypt the hard drives of our laptops, virus scan every file that is uploaded before use, virus scan our servers daily, virus scan our laptops daily, etc, etc. We are not SOC2 compliant today but are heading down that path so that we can provide our customers with the confidence that we can be trusted with their information.
2. We have liability insurance for our own company, but we do not take liability for our answers because every single answer is required to be reviewed by an admin or security team member of our client before it can be exported from Stacksi. If an answer has not been pulled directly from a client's policies, we specifically highlight it and review it with the client to ensure that it is accurate and that they are 100% comfortable with it.
3. I have no idea what an assessor might think of one of their vendors using a company like Stacksi to help handle questionnaires, and I imagine it would vary wildly from person to person. However, I see Stacksi exactly the same as having an extra team member on your infosec team who exclusively handles inbound questionnaires. You (their boss) make sure they are familiar with the policies and procedures of your company, and then you review their work to ensure that it is accurate. Does it really matter whether that person is a full time employee or your company, an infosec contractor who helps out part time, or a service like Stacksi?
The vast majority of answers to questions comes directly from a client's own security policies, which we (admittedly) trust are up to date and accurate. We do our best to ensure that we don't use files that were uploaded more than 6 months ago in our algorithms, but if we're getting bad inputs to the system you're going to get bad outputs. When our reviewers do write something new, we check with the client to make sure it is accurate and again, it needs to be explicitly approved by someone on the client's team who has the rights to review questionnaires.
I don't see how this is any different from a jr. employee at a company answering a questionnaire based on the policies and then asking their boss to review. The jr. employee is definitely not going to go through every system themselves to verify that the policies and documentation are accurate. They are going to assume the policies are good and then double check with a trusted source (their boss on the infosec team), exactly what we are doing.
We understand that right now we're not actually helping companies be more secure, and we've never claimed to be doing that. One of our first priorities moving forward is to develop additional tools to actually validate that what is being said in security policies is what is in place. We're not there yet because we are a small and young company, but we will get there :)
Seriously speaking - you bring up some interesting questions. I used our tool to respond to your questions, because I think it helps illustrate the point (see link below)
https://www.loom.com/share/22ccb2188c3744cd82f17baa31cfb2e9