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This blog takes a closer look at why third-party cyber risk tools often miss critical vendor issues and what a more effective approach looks like.
There is surprisingly little data on a large-scale study basis that correlates the risk outcomes organizations are achieving through maintaining good cybersecurity hygiene. Is it paying off, or is it not? So that’s what RiskRecon by Mastercard were seeking to do: What’s the correlation of good cybersecurity hygiene and destructive ransomware event frequency?
You rely on your third- and fourth-party vendors to do business, but those vendors also pose risk to your enterprise’s sensitive data. RiskRecon gives you accurate, non-invasive visibility into your vendors’ security postures and then ranks vulnerabilities in order of priority so you know which issues to tackle first.
With our third-party cyber risk assessments, you’ll also be provided with custom-fitted risk action plans so you can immediately start engaging with your vendor for remediation. And if a vendor’s cyber risk degrades or an element falls out of policy, you’ll be notified instantly.