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LockPath and RiskRecon Partner to Increase Visibility into Third-Party Risk Management

October 2017 by Marc Jacob

LockPath, a provider of compliance and risk management software, announced a new partnership with RiskRecon, a SaaS monitoring solution that delivers risk-prioritized action plans to enable precise, efficient elimination of organizations’ most critical third-party security gaps.

Through this partnership, joint customers of LockPath and RiskRecon will be able to obtain a verifiable assessment of each third-party’s security practices. Customers will then be able to establish a base level of trust and identify specific areas for further discussion, investigation, and assessment.

The partnership with RiskRecon will help customers add to their third-party due diligence processes by supplementing internally-produced data in LockPath’s Keylight Platform with objective data from RiskRecon. This will help paint a more complete picture of risks that third parties introduce to businesses while enabling smarter, more informed decisions about third-party relationships. In addition, the integration will streamline the third-party risk assessment process by issuing the right type of risk assessments at a frequency reflective of the third party’s risk level.

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