RiskRecon by Mastercard for Third-party Risk Management
RiskRecon proactively monitors the cyber environments of your third-party service providers to identify and prioritize cyber threats to your organization resulting from vulnerabilities incurred through your business relationships.
Key Features:
· An aggregated cyber risk score for every assessed third-party service provider and vendor
· Customizable alerts based on your company’s risk appetite
· Prioritized risk findings based on issue severity and asset value
Supported Use Cases:
· Third-Party Portfolio Diagnostic and Prioritization
· Request for Proposal (RFP)
· Supply Chain Monitoring and Visualization
· Vendor Due Diligence
· Advanced Assessment Planning
· Situational Awareness
· Vendor Onboarding
· Own Enterprise and Subsidiary Monitoring
· Mergers and Acquisitions
+ more
Why RiskRecon?
· Data Accuracy: 99.1% accuracy – independently verified
· Visibility & Transparency: spend less time clarifying results
· Automated Workflows: reduce and remove manual processes
· Custom Action Plans: continuously collaborate and act on risk
- Integration with RiskRecon API to retrieve Security Ratings, findings and alerts
- Ability to use RiskRecon results in ServiceNow issues for tracking and resolution
- Dashboard views to view individual vendor and overall portfolio performance
- Ability to request new vendors to monitor.
- Release to support new versions ( Tokyo, Utah, Vancouver, Washington DC, Xanadu)
- New Dashboards to view and filter vendor performance across portfolio
- Letter grades are now available with numeric ratings
- Integration of RiskRecon findings and alert data with ServiceNow Issues
- Enhancements for adding new vendors to RiskRecon monitoring
The ServiceNow TPRM module