RiskRecon by Mastercard
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RiskRecon by Mastercard
Additional Info
| Website | http://www.riskrecon.com |
| Company size (employees) | 500 to 999 |
| Headquarters Region | North America |
Overview
RiskRecon by Mastercard is a world-leading global security ratings company that proactively monitors the cyber environments of a given organization, their third-party service providers, and extended supply chain enabling better risk outcomes.
The RiskRecon platform is uniquely equipped to transform an organization’s vendor security risk management program by:
– Automating workflows, analytics, and continual risk monitoring
– Matching existing security standards to a vendor’s compliance requirements
– Empowering organizations to make better vendor selection decisions, hold vendors accountable, accelerating overall third-party security assurance
– Offering price flexibility and low total cost of ownership
– Enabling quick and easy integration through open API to the customer’s existing platforms
By providing data-driven insights into the security risk performance across a customer’s entire third-party ecosystem, RiskRecon by Mastercard is uniquely positioned to help customers combat risks to business operations, data security, and ultimately avoid the costs of a potential cybersecurity incident.
The RiskRecon solution stands out from the competition by offering:
– Risk-prioritized ratings with 99.1% accuracy (independently verified) that help organizations prioritize actions based on issue severity and asset value.
– Tailored risk-prioritized action plans including recommended steps to constructively collaborate with third parties.
– Friction-free collaboration with third parties to address findings at no additional cost.
How we are different
RiskRecon by Mastercard is unlike any other security ratings company because it is backed by decades' worth of Mastercard data and network security intelligence. This world-leading level of security excellence enabled Mastercard to securely process over 143.2 billion transactions in 2023 alone.
- Unique Risk Monitoring Breadth & View - As a Mastercard company, RiskRecon by Mastercard continuously monitors over 19 million companies globally, assessing wide-range vulnerabilities including own enterprise and subsidiary risk, third-party risk, fourth-party risk, and extended supply chain risk. This unique global view gives RiskRecon by Mastercard’s platform astonishing accuracy, independently validated to 99.1%. Thanks to this high-level of accuracy, RiskRecon by Mastercard has been able to help over 5,500 customers across 40+ industries including healthcare, manufacturing, government, telecommunications, travel, and more, uncover and address 365+ million vulnerabilities over the past 3 years.
- Use Case Versatility - Additionally, this heightened data trust has empowered our customers to leverage our security ratings for a wide array of business use case needs – further enabling us to provide scalable and tailored insights in 10+ areas such as, digital skimming fraud detection, own enterprise and subsidiary monitoring, mergers and acquisitions, cyber insurance underwriting, advanced assessment planning, vendor onboarding, request for proposals, situational awareness, and more.
- Product and Industry Leadership – RiskRecon by Mastercard implements over 320 product enhancements on average annually. This enables us to continually deliver new product capabilities and feature enhancements, improving assessment ratings and threat defenses for our customers. RiskRecon by Mastercard is also a competent and active voice for critical cyber security discussions and decisions, helping to develop and improve the global ecosystem with active memberships in over 45 global associations such as, Third-Party Risk Association, European Cyber Security Organization, National Cyber Resilience Centre Group, Cyber Peace Institute, and more.
