Promote this Nomination
|Company (that provides the nominated product / solution / service)||RiskRecon|
|Company size (employees)||50 to 99|
|Type of solution||Cloud/SaaS|
In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:
Asset Valuation Algorithms.
Risk-Prioritized Action Plans:
Custom Risk Policy Configuration:
RiskRecon’s continuous vendor monitoring solution delivers risk-prioritized action plans that enable precise, efficient elimination of customers’ most critical third-party security gaps, custom-fitted to their organization’s risk policy.
RiskRecon enables customers to instantly understand and rapidly act on their organization’s third-party risk. Solving risk requires two foundational elements: knowing the severity of the security issue and the value of the asset in which the issue exists. RiskRecon invented the algorithms that automatically and accurately determine asset value, completing the risk equation. In this way, RiskRecon provides companies with the world’s easiest path to understanding and acting on their third-party risk.
The company’s customers include the Global 2,000 and Fortune 500 companies, including some of the largest financial institutions, healthcare, and consumer brands in the world.
RiskRecon provides the following benefits to users:
Optimize analysts’ time and outside auditor resources; reduce review times by 25%.
Increase the amount of vendor coverage by a single analyst up to 300%.
Prioritize efforts based on vendor rating and identified gaps.
Proactively identify common exposures throughout your vendor portfolio.
Accelerate the evaluation of new (and potential) vendors.
Better Risk Outcomes:
Prioritize remediation activity based on real risk derived from asset value and issue severity.
Pinpoint critical vulnerabilities instantly.
Monitor performance changes continuously.
Identify other risk factors, such as fourth-party risks.
Confirm that vendors are adhering to their own documented practices.
Verify vendor progress against corrective action plans.
Highlight exposures for board and executive management.
Demonstrate risk control quality to regulators and standards bodies.
Receive an actionable risk recommendation for each vendor.
Pinpoint potential exposures and root causes for 50+ security criteria.
Benchmark among your vendors and compare to industry best practices.
Track historical trends for your overall portfolio and each individual provider.