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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.
Over the last five years, there has been an evolution in the development of cybersecurity and vendor assessment tools focused on keeping businesses secure, but also on streamlining and simplifying the process along the way.
Whistic and RiskRecon, a Mastercard Company, set out to discover key trends in cyber risk management and vendor assessments, as well as gain an understanding of how new technologies are creating greater efficiencies, and unpack the business implications brought on by these innovations.
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.