Lockpath and RiskRecon Further Partnership to Increase Third-Party Risk Visibility
Published on September 18, 2018
OVERLAND PARK, Kan. – September 18, 2018 – Lockpath, a leading provider of integrated risk management solutions, today announced the availability of the integration between its award-winning Keylight Platform and RiskRecon, a SaaS-based third-party cyber risk monitoring solution that delivers objective insights into third-party security performance and IT landscape. This product integration aims to enable precise, efficient reduction and elimination of organizations’ most critical third party security gaps.
This integration will allow joint customers to garner a more complete view of the risk posed to them by vendors, partners, suppliers and other third parties. Joint customers can use RiskRecon data within Keylight, Lockpath’s integrated risk management platform, to continuously monitor the Internet security health of vendors and third parties at scale. This brings additional insights into unseen risks introduced by third parties while enabling smarter, more informed decisions about the third-party relationship.
“Companies must be able to understand and act on the cyber risks of their vendors and suppliers,” said Eric Blatte, President and Co-founder of RiskRecon. “By seamlessly connecting RiskRecon with Lockpath’s Keylight Platform, customers are now able to gain the most accurate, actionable security assessments as well as greater visibility into and control over third-party cyber security risk – around the clock.”
The integration will also assist in the third-party due diligence process by supplementing internally-produced data in Keylight with validated, objective data from RiskRecon. Organizations can use the data to better gauge the level of risk third parties pose to their organization, determine the frequency/depth of risk assessment needed, and prioritize risk remediation efforts accordingly.
“Organizations are under increasing pressure to formalize and expand their third-party due diligence practices,” said Chris Caldwell, CEO and co-founder of Lockpath. “With the ability to bring RiskRecon data into Keylight, customers can utilize continuous vendor security performance monitoring as part of an integrated, holistic, and formalized governance, risk and compliance program.”
Lockpath’s award-winning Keylight Platform integrates the full vendor lifecycle into daily processes and includes capabilities for information gathering, due diligence investigation, risk assessments, contract negotiation, ongoing monitoring, and termination workflows. By centralizing all this information in one user-friendly solution and providing advanced reporting capabilities, Keylight allows organizations to better manage vendor risk and to reduce the risk of non-compliance.
To learn more about Lockpath, visit lockpath.com.
To learn more about RiskRecon, visit riskrecon.com.
RiskRecon’s continuous monitoring solution delivers risk-prioritized action plans that enable precise, efficient elimination of companies’ most critical third-party security gaps. Its data-driven SaaS service relies on passive, direct analysis of Internet-facing systems to quantify risks and provide straightforward evidence necessary for remediation. Rather than producing a laundry list of issues, RiskRecon’s custom analytics quantify true risk by determining each system’s issue severity and asset value. Only RiskRecon enables customers to build a scalable, third-party risk reduction program that compresses remediation cycle time, improves analyst productivity, and ensures constructive vendor collaboration. Learn more at www.riskrecon.com.
Lockpath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company’s flexible, scalable and fully integrated suite of applications is used by organizations to automate business processes, reduce enterprise risk and demonstrate regulatory compliance to achieve audit-ready status. Lockpath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas. For more information on Lockpath and the Keylight platform, visit lockpath.com. Follow Lockpath on LinkedIn and on Twitter at @Lockpath and @KeylightGRC for the latest in industry, company and product news.