RiskRecon and CyberGRX Form Strategic Partnership to Give Organizations Complete View of Third-Party Cyber Risk Posture
Summary
The customizable interactive widget enables users to drill down for detailed information on the ratings, which are uniquely risk prioritized based on a combination of issue severity and asset value. New research from RiskRecon and Cyentia Institute reveals that while 79% of firms have a third-party risk management (TPRM) program, only 14% are confident that vendors actually trust third parties’ security matches responses from their questionnaires. “Security and IT teams need a risk-driven approach to managing third-party cyber risk based on real-time data that reflects their current environment and extended ecosystem at any given moment,” said Fred Kneip, CEO, CyberGRX. By integrating RiskRecon with CyberGRX’s proven ability to assess and validate risk within an organization’s third-party ecosystem, customers are empowered to prioritize which vulnerabilities to tackle first based on their evolving network of third parties. Armed with fast and accurate data and a proven and innovative approach, CyberGRX customers make rapid, informed decisions and confidently engage with partners.
