Forrester Study: Optimizing Business Outcomes with RiskRecon

While business partners are essential for any organization, the sharing of data poses a significant threat. Organizations must realize they are responsible for both their own and their partners’ cyber security hygiene. Technology leaders are increasingly aware that the failure to properly assess third-party risks can expose their organizations to data breaches, supply chain attacks, and the reputational whiplash that follows.

RiskRecon, a Mastercard company, is a cybersecurity risk ratings solution that uses externally observable data about an enterprise's external internet presence to give a single, aggregated rating of a firm's cybersecurity posture across several security risk factors. RiskRecon’s data, customizable risk management policy, and issue prioritization allow customers to focus on the risks that matter most to their organization. With RiskRecon, organizations of all sizes can detect and correct cybersecurity risks that threaten their partners and their own organizations.

To better understand the benefits, costs, and risks associated with RiskRecon, Forrester Consulting was commissioned to interview six customers and conduct a Total Economic Impact™ (TEI) study. The interviewees utilized RiskRecon’s data to develop several use cases, which will be described in this spotlight.

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.