Case Study: a Fortune 500 financial institution reduces cybersecurity risk with RiskRecon

Fortune 500 Financial Institution Reduces Cybersecurity Risk with RiskRecon

a fortune 500 financial institution was running a mature third-party risk program but struggled with its incumbent solution. The platform generated a high volume of false positives and lacked the ability to provide contextual risk data or prioritize actions for its 350 high-risk, business-critical vendors, making it difficult for their team to focus on the most pressing threats.

By implementing RiskRecon's cybersecurity risk ratings solution, the financial institution gained accurate, continuous visibility into its vendors' security postures. The results included $600k in annual savings, a 35% increase in team productivity, a 35% increase in vendors assessed, and a 50% reduction in risk, all achieved with a fully operational implementation in just three weeks.