New program will embed RiskRecon risk insights and ratings into Argos Risk’s flagship solution, AR Surveillance
Argos Risk, a leading provider of Third-Party Risk Intelligence (TPRI) services for managing and monitoring the financial viability and overall business health of third-party relationships, partners with RiskRecon, a Mastercard company, in its Global Cybersecurity Alliance Program.
RiskRecon is the fastest-growing company transforming the management of third-party cyber risk. RiskRecon’s SaaS-based platform enables enterprises to understand the cyber risk performance of their vendors based on the continuous discovery of the vendors’ systems and assessment of those systems against 39 security risk criteria. This alliance enables customers to not only manage third-party risk but also easily understand and act on cyber vulnerabilities.
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“Having Argos Risk as an inaugural RiskRecon Alliance Partner not only provides our leading CyberRisk scores to its customer base — but allows those clients to unlock a rich dataset of Cybersecurity insight, into their third parties and supply chain,” said Kelly White, Founder of RiskRecon. “With the projected 60% increase in cybersecurity incidents in 2022, we look forward to helping Argos Risk customers reduce their exposure.”
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AR Surveillance encapsulates key metrics and assigns risk scores to a company’s third-party relationships. It automatically generates and sends alerts about significant changes, including lawsuits, liens, mergers, acquisitions, key executive changes, and other material news and events. AR Surveillance provides key information into a company’s operations, incorporating financial viability, current trade payment behavior, business health, industry outlook, and much more.
“We are thrilled to be included as one of the initial members of the Global Cybersecurity Alliance Program and look forward to rolling out our cyber risk module very soon,” said Lori Frank, President, and CEO of Argos Risk. “The partnership with RiskRecon builds on our commitment to provide full third-party risk mitigation to our Users, by adding sophisticated cybersecurity tools. Our team is very fortunate to be aligned with alliance partners such CyberGRX, EY, and Venminder, to name just a few,” added Frank.
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