- Use Cases
Learn how RiskRecon helps insurance industry leaders manage cybersecurity risk.
to protect them and their assets when all else fails. They also trust you to protect their most sensitive information that they share with you so you can underwrite and service their insurance needs. But the same data that enables you to protect your customers could be the very thing that causes them — and you — harm.
The National Association of Insurance Commissioners recognizes the need to protect the data insurance firms with which they are entrusted. Codified in the Insurance Data Security Model Law, the NAICS has established the regulations and guidelines by which governed organizations must manage cybersecurity risk, with the objective of protecting “the security and confidentiality of Nonpublic Information and the security of the Information System.”
Just as you require good data to understand the risk necessary to underwrite a policy, so too do you require good data to understand and manage cybersecurity risk. RiskRecon provides you essential data, analytics, and workflow necessary to easily understand and act on your risk.
Insurance companies need the ready ability to continuously assess the cybersecurity risk performance of their business. Count on RiskRecon to continuously monitor the cybersecurity of your enterprise, providing deep visibility into your current state and giving you the risk-based guidance to identify and prioritize remediation of the most impactful risks.
Insurance companies rely on third parties to fulfill essential services. They also count on them to protect the security of the data and the availability of the services with which they are entrusted. RiskRecon provides the deep transparency and risk-contextualized insights that enable you to understand your third-party risk. RiskRecon’s workflow enables you to efficiently engage with your vendors on the actions to achieve good risk outcomes. RiskRecon’s Customer Success is there to support you every step of the way.
Insurance companies can share their RiskRecon action plans with vendors, providing them access to the security issues and tools necessary to address the issues that are important to you and improve their security risk performance. RiskRecon’s Customer Success team will provide your vendors the support necessary to ensure their success.
“RiskRecon gives us the ability to operationalize scoring across geo-specific industry requirements. This enables continuous vendor monitoring across thousands of third parties worldwide.”
“The accuracy of RiskRecon's data lets us risk-prioritize the action we take to reduce risk across the categories that matter.”
“RiskRecon helps maximize our efficiency with continuous, automated vendor assessment and tracking.”
“With RiskRecon, we know our own cyber risk posture, and the cyber health of our third and fourth-parties with the context we need to act on that risk.”