ComplyScore will leverage RiskRecon’s continuously updated risk ratings platform to add new capabilities and enhance service scope to customers.
ComplyScore, a leading innovator for cloud-based GRC, Vendor Governance, and Information Security solutions, announced it is partnering with RiskRecon, a Mastercard company and provider of cybersecurity ratings and insights that make it easy for enterprises to understand and act on their risks.
The partnership will further enhance ComplyScore’s GRC and TPRM services and expand RiskRecon’s Global Cybersecurity Alliance Program of system integrators, solution providers, and technology innovators.
ComplyScore’s automated and fully managed solutions mitigate the full spectrum of third-party risks that vendors introduce into enterprise operating and security environments. Capabilities include the CyberScore vendor risk rating report platform, risk assessment features, online auditing, and more.
The partnership with RiskRecon adds a customisable, interactive widget to ComplyScore’s platform. Users can use the widget to review RiskRecon risk ratings, examine detailed ratings data, rank risks according to issue severity, asset value, and potential impact, and directly login to the RiskRecon console.
“In an environment of proliferating, dauntingly complex enterprise-vendor relationships and increasing compliance pressures, the need for effective yet manageable GRC solutions has never been greater,” said Venugopala Chalamala, ComplyScore Founder & CEO. “We’re passionate about helping customers derive maximum value, safety, and assurance from their third-party relationships. Our partnership with RiskRecon provides a combined solution that is comprehensive and effective, while also being flexible and simple to manage.”
Ongoing enterprise digital transformation initiatives push organisations to accelerate innovation while delivering improved customer experiences. Vendors and third-party service providers are essential to these efforts; however, they also require critical enterprise data and infrastructure access. Unfortunately, this access is a vector for unique risks: many organisations struggle to appropriately onboard vendors, assess risk, and manage third parties within their data environment for the entire vendor management lifecycle. Capability-rich platforms like that offered by the ComplyScore and RiskRecon partnership are crucial to managing these risks.
“ComplyScore’s innovative suite of solutions has earned them a reputation for service precisely aligned with their customers’ TPRM program maturity and performance needs,” said Kelly White, Founder RiskRecon. “We’re excited about partnering with ComplyScore and their continuing excellence as a key player in helping enterprises better manage risk and accomplish their business mission.”
