--- title: "Checklist: Create a Business Case for Cybersecurity Risk Ratings" description: Get this white paper that showcases how you can create a business case for enhancing a third-party risk program with RiskRecon security ratings. image: https://blog.riskrecon.com/hubfs/TEI%20Checklist%20May%202022/TEI-Checklist-Thumb-1200.png --- - [Blog](https://blog.riskrecon.com) - [Partners](https://www.riskrecon.com/partners-riskrecon) - [Academy](https://www.riskrecon.com/academy) - [Login](https://portal.riskrecon.com/) [![riskrecon by-1](https://blog.riskrecon.com/hs-fs/hubfs/riskrecon%20by-1.png?width=640&height=276&name=riskrecon%20by-1.png "riskrecon by-1")](https://www.riskrecon.com/) - Solutions - Industries - [Finance](https://www.riskrecon.com/solutions/finance) - [Insurance](https://www.riskrecon.com/solutions/insurance-providers) - [Healthcare](https://www.riskrecon.com/solutions/healthcare-providers) - [Energy](https://www.riskrecon.com/solutions/energy-companies) - [Defense](https://www.riskrecon.com/solutions/defense-companies) - Use Cases - [Third-Party Risk Management](https://www.riskrecon.com/solutions/third-party-risk-management) - [Supply Chain Risk Management](https://www.riskrecon.com/solutions/supply-chain-risk-management) - [Enterprise Risk Management](https://www.riskrecon.com/solutions/enterprise-risk-management) - [Mergers & Acquisitions](https://www.riskrecon.com/solutions/mergers-and-acquisitions) - Why RiskRecon - The RiskRecon Difference - [Deep Assessment](https://www.riskrecon.com/why-riskrecon#deep-assessment) - [Risk Prioritized](https://www.riskrecon.com/why-riskrecon#custom-risk-prioritization) - [Efficient](https://www.riskrecon.com/why-riskrecon#efficient) - [Accurate](https://www.riskrecon.com/why-riskrecon#accurate) - Company - [Team](https://www.riskrecon.com/team) - News & Events - [News Releases](https://blog.riskrecon.com/company/news-releases) - [Media Coverage](https://blog.riskrecon.com/company/media-coverage) - [Events](https://blog.riskrecon.com/company/events) - [Our Story](https://www.riskrecon.com/our-story-riskrecon) - [Contact Us](https://www.riskrecon.com/contact-us) - Resources - RiskRecon Insights - [SolarWinds Breach Resources](https://www.riskrecon.com/resources-for-the-solarwinds-hack-riskrecon) - [RiskRecon Academy](https://www.riskrecon.com/academy) - [RiskRecon Ratings Model](https://www.riskrecon.com/cybersecurity-risk-rating-model) - [Blog](https://blog.riskrecon.com) - [Videos & Webinars](https://blog.riskrecon.com/resources/videos-and-webinars) - [Reports & White Papers](https://blog.riskrecon.com/resources/reports-and-whitepapers) [![Know Your Rating](https://no-cache.hubspot.com/cta/default/2477095/95b2ee26-9922-486c-b700-3f9787354737.png)](https://cta-redirect.hubspot.com/cta/redirect/2477095/95b2ee26-9922-486c-b700-3f9787354737) [![Request A Demo](https://no-cache.hubspot.com/cta/default/2477095/05774d1d-8cef-4232-8ecd-58507f18116a.png)](https://cta-redirect.hubspot.com/cta/redirect/2477095/05774d1d-8cef-4232-8ecd-58507f18116a) #### Cyber Crisis Exercising: The Way Forward Discover how cyber crisis exercising helps organizations build real resilience and respond effectively under pressure. [Read More**](https://www.riskrecon.com/cyber-crisis-exercising-the-way-forward) #### Free 3PTY Ratings Get a free 30-day trial of the RiskRecon portal and see the ratings of up to 50 vendors. [Read More**](https://www.riskrecon.com/know-your-portfolio) #### Blog: Why Most Third-Party Risk Tools Miss Critical Issues and What Enterprises Can Do About It This blog takes a closer look at why third-party cyber risk tools often miss critical vendor issues and what a more effective approach looks like. [Read More**](https://blog.riskrecon.com/why-most-third-party-risk-tools-miss-critical-issues-and-what-to-do-about-it) ##### May 16, 2022 # Checklist: Create a Business Case for Cybersecurity Risk Ratings According to Forrester Research, global security decision-makers that reported a cybersecurity breach within a 12-month span increased from 50% in 2019 to 63% in 2022. This steady rise marks an uninterrupted business need to accurately assess cybersecurity risks and reconstruct public confidence and trust after a breach. In response, security firms continue to invent cutting-edge technology that refines detection rates, improves response times, and prevents the spread of detected malware. But as modern cyber defenses shift focus to proactively identifying and preventing cybersecurity threats within an organization even before a breach, businesses also have the opportunity and the responsibility to evolve their cyber risk management a step further and fortify their network of partnerships and vendors. This checklist is designed to help readers develop a custom ROI assessment for a third-party risk management solution in seven steps. - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fblog.riskrecon.com%2Fresources%2Freports-and-whitepapers%2Fchecklist-create-a-business-case-for-cybersecurity-risk-ratings) - [**](https://twitter.com/intent/tweet?original_referer=https://blog.riskrecon.com/resources/reports-and-whitepapers/checklist-create-a-business-case-for-cybersecurity-risk-ratings) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.riskrecon.com%2Fresources%2Freports-and-whitepapers%2Fchecklist-create-a-business-case-for-cybersecurity-risk-ratings) ### Download the checklist [![riskrecon_by_mc_rgb_rev](https://blog.riskrecon.com/hs-fs/hubfs/2020_RR/riskrecon_by_mc_rgb_rev.png?width=150&height=74&name=riskrecon_by_mc_rgb_rev.png "riskrecon_by_mc_rgb_rev")](https://www.riskrecon.com/) Locations: Murray, UT Boston, MA E: [sales@riskrecon.com](mailto:sales@riskrecon.com) [![Contact Us](https://no-cache.hubspot.com/cta/default/2477095/bf45a9b1-2774-4be7-88e8-3edd40ff6445.png)](https://cta-redirect.hubspot.com/cta/redirect/2477095/bf45a9b1-2774-4be7-88e8-3edd40ff6445) #### Solutions - [RiskRecon Cyber Ratings](https://www.riskrecon.com/solutions/riskrecon-by-mastercard) - [RiskRecon Privacy Ratings](https://www.riskrecon.com/solutions/riskrecon-privacy) - [RiskRecon Assessments](https://www.riskrecon.com/solutions/riskrecon-assessments) - [Cyber Quant](https://www.riskrecon.com/solutions/mastercard-cyber-quant) - [Threat Protection](https://www.riskrecon.com/solutions/mastercard-threat-protection) #### Use Cases - [Third-party diagnostic & prioritization](https://www.riskrecon.com/use-case/third-party-portfolio-diagnostic) - [Cyber Attack Protection](https://www.riskrecon.com/mastercard-threat-protection) - [Cyber Risk Quantification](https://www.riskrecon.com/solutions/mastercard-cyber-quant) - [Supply Chain Monitoring](https://www.riskrecon.com/use-case/supply-chain-monitoring-and-visualization) - [Own Enterprise Monitoring](https://www.riskrecon.com/use-case/own-enterprise-subsidiary-monitoring) #### Company - [Why RR](https://www.riskrecon.com/why-riskrecon) - [Our Story Leadership](https://www.riskrecon.com/team#leadership) - [Partners](https://www.riskrecon.com/partners-riskrecon) - [Careers](https://careers.mastercard.com/us/en/search-results?keywords=riskrecon) - [Privacy Policy](https://www.mastercard.us/en-us/vision/corp-responsibility/commitment-to-privacy/privacy.html?hsLang=en) - [Terms of Use](https://www.riskrecon.com/terms-of-use) #### Resources - [Academy](https://www.riskrecon.com/academy) - [Blog](https://blog.riskrecon.com/) - [Events](https://blog.riskrecon.com/company/events) - [Reports and WPs](https://blog.riskrecon.com/resources/reports-and-whitepapers) - [Videos & Webinars](https://blog.riskrecon.com/resources/videos-and-webinars) - [Ratings Model](https://www.riskrecon.com/cybersecurity-risk-rating-model) Follow us: [**](https://www.facebook.com/riskrecon) [**](https://twitter.com/riskrecon) [**](https://www.linkedin.com/company/riskrecon/) © Copyright 2026. | [Privacy Policy](https://www.riskrecon.com/privacy-policy) | [Terms of Use](https://www.riskrecon.com/terms-of-use) Manage Cookies