The hardest part of a risk profile to manage is the part that’s not fully visible. GRC policies are critically important to many organizations, but some areas of vulnerability and liability are difficult to monitor and manage. And information security is almost always foremost among them.
Cybersecurity is simply more complicated than it used to be. Systems are increasingly interconnected and interdependent. Nearly every business with a website has to contend with data sprawl. And even otherwise benign third-party apps on a company device can serve as attack vectors that lead to devastating data breaches.
Keeping up with known vulnerabilities and exploits is a significant challenge already. With the limited resources and labor currently available to most teams, is there any way to guard against less conspicuous risks?
AI tools have received plenty of press lately; brands have been using them to generate visual and written content, software code, and more. But where these implementations have mostly been leveraged to test their viability, we have smart automation tools that are well past proof of concept. Tools that can help teams identify and protect against threats.
We call these software solutions Risk Automation (also known as Risk Management Automation). Risk Automation refers to any software tool that automates tasks related to identifying, planning, addressing, and remediating risks or losses.
Risk Automation can be found in every vertical of GRC. But some tools are designed specifically to increase an organization’s ability to fight against cybercrime. And, because you can’t protect against what you can’t see, it all starts with Continuous Risk Monitoring (CRM).
A Continuous Risk Monitoring solution is an AI tool built to search for, and detect, information security risks (both potential and actual). The most robust tools can identify threats both left and right of boom, improving prevention and increasing the speed of response.
Most InfoSec teams are already working at or near max capacity, as are their counterparts throughout the rest of I&O departments. No security expert, no matter how skilled or experienced, can be everywhere at once. And time spent monitoring the system is time that isn’t being spent shoring up defenses or remediating breaches.
That’s where automation comes in. With the right tools, the system can perform the necessary surveillance, and leave the more strategic tasks to more capable human professionals. It doesn’t replace your team, it helps them accomplish more without working more.
RiskRecon for Risk Automation and CRM
You can leverage Risk Automation and CRM for both internal evaluations, as well as auditing external sources and vendors for vulnerabilities. You don’t even need to build the tools in-house. All you need is a partner you can trust, and a tool that matches your unique use case. That’s where RiskRecon can help.
With RiskRecon, you can leverage the power of advanced machine learning to monitor your InfoSec risk profile, providing accurate data for a clearer, cleaner view of the risks that matter most for your business. With it, you can be more efficient and effective in managing cyber risk.
Plus, our third-party risk assessments can offer your team the insight it needs to make informed decisions when choosing vendors and partners. Build business relationships with confidence, and rest easy knowing that you can trust the partners you’re sharing sensitive data with.
Managing risk and maintaining data privacy are crucial responsibilities, but you don’t have to handle them alone. Battle strategies are only as reliable as the intel they’re based on. Let RiskRecon help you stay one step ahead of the enemy.
A Note on Vulnerability Patching
Often used to patch or update different vulnerabilities in the operating system or application, vulnerability patching is another type of cybersecurity tool you can use. When a vulnerability has been found in your system, it's important to continually use vulnerability patching to keep the software safe and stable. Active, automatic monitoring is one thing we do best at RiskRecon, a Mastercard company. We ensure your system or application is updated based on the current level of malware.
How can RiskRecon help me?
Building on RiskRecon's unique capability to automatically risk prioritize issues, our platform also features a cutting-edge capability that lets organizations automatically produce third-party cyber risk assessments and action plans that are custom-fitted to match their unique risk appetite.
In addition to automatically creating custom-fitted risk assessments and action plans, organizations can tune RiskRecon's continuous monitoring to show only the material risk issues that violate their risk policy to ensure your vendors are meeting your exact standards.