Latest news with #RiskRecon
Business Wire
2 days ago
- Business
- Business Wire
CORL Technologies and RiskRecon by Mastercard Partner to Deliver Continuous, Actionable Third-Party Risk Intelligence for Healthcare
ATLANTA--(BUSINESS WIRE)--Healthcare remains the most targeted industry for cyberattacks, with third-party suppliers implicated in the majority of major breaches. In fact, supplier-related incidents accounted for over 55% of healthcare breaches in 2024, and the average cost of a healthcare data breach exceeded $10 million. For organizations entrusted with protected health information (PHI) and critical patient services, continuous supplier oversight is no longer optional — it's essential. CORL Technologies, the healthcare industry's leading managed third-party risk management (TPRM) solution, today announced a strategic partnership with RiskRecon by Mastercard. This collaboration brings continuous, AI-powered cybersecurity insights directly into CORL's end-to-end TPRM platform — purpose-built for healthcare. The CORL + RiskRecon integration transforms supplier oversight from point-in-time snapshots into continuous, expert-vetted intelligence — without requiring clients to juggle multiple platforms or licenses. 'Our clients don't need more raw data — they need the right insights at the right time,' said Jay Stewart, CRO of CORL Technologies. 'This partnership with RiskRecon elevates our ability to provide healthcare-specific, human-interpreted risk intelligence that helps organizations act faster, with greater confidence.' Why This Matters in Healthcare Healthcare supplier ecosystems are vast, complex, and often under-monitored—spanning thousands of partners that handle PHI, sensitive systems, or regulated data. A single supplier weakness can cascade into HIPAA violations, operational disruption, and reputational damage. Boards, regulators, and compliance leaders now demand proof of continuous oversight, not just annual check-ins. The CORL + RiskRecon integration addresses this by delivering real-time, healthcare-specific cyber risk intelligence — powered by AI and interpreted by risk advisors — so security teams can detect, prioritize, and act on emerging threats faster than ever before. About CORL TPRM CORL's Third-Party Risk Management (TPRM) program is built on flexibility, trust, and healthcare-specific expertise. We meet organizations wherever they are in their supplier risk journey — whether building a program from scratch, optimizing existing processes, or scaling oversight to hundreds of suppliers. Our model blends advanced technology with strategic advisory services from seasoned healthcare security and compliance professionals. We flex with your program's needs — delivering everything from rapid assessments to continuous monitoring — while providing trusted guidance to strengthen governance, streamline supplier relationships, and ensure regulatory alignment. Powered by RiskRecon's market-leading cybersecurity ratings platform, CORL clients benefit from the same trusted intelligence used by some of the world's most security-conscious enterprises. Recognized globally for its accuracy, objectivity, and depth of insights, RiskRecon sets the standard for vendor cyber risk measurement, making it the ideal technology backbone for CORL's managed service model. With CORL, supplier risk management becomes a living, strategic function — designed to protect patients, safeguard sensitive data, and support organizational goals. What the CORL + RiskRecon Partnership Delivers Integrated RiskRecon Scores — Baseline and trending supplier risk scores built directly into CORL Impact Reports. On-Demand Snapshot Reports — Immediate supplier summaries to support fast, informed decisions. Continuous Monitoring — Automated alerts for score changes and emerging risks, interpreted by CORL's healthcare security advisors. Healthcare-Specific Context — RiskRecon's AI-driven intelligence layered with CORL's human-in-the-loop expertise. Why It Matters for Healthcare Organizations Faster Decisions — Supplier assessments and monitoring that once took weeks now deliver actionable insight in near real-time. Reduced Manual Overhead — CORL handles monitoring, interpretation, and reporting—no extra platforms to manage. Stronger Oversight — Continuous monitoring helps clients catch emerging risks early and demonstrate due diligence to boards, regulators, and audit committees. How It Works Clients add suppliers to their CORL inventory. CORL continuously monitors RiskRecon scores for changes. Significant shifts trigger immediate review and client notification. Clients access the latest insights anytime, all within CORL's managed service model. About CORL Technologies CORL delivers smarter, faster supplier risk management for healthcare — combining a healthcare-focused supplier risk data clearinghouse, expert-led managed services, and continuous monitoring capabilities. CORL empowers payors, providers, and healthcare suppliers to manage risk with velocity and confidence — without overwhelming internal teams. For more information, visit: About RiskRecon by Mastercard RiskRecon, a Mastercard company, provides AI-powered cybersecurity ratings and continuous monitoring that help organizations objectively assess and manage third- and fourth-party risks — delivering data-driven insights to drive proactive security postures. For more information, visit:
Yahoo
16-07-2025
- Business
- Yahoo
Why Do Merchants Trust Mastercard in a Risky Digital World?
Mastercard Incorporated MA continues to gain the trust of merchants in today's digital world, where payment fraud and cyber threats are on the rise. The company's proactive security infrastructure and established industry reputation keep it at the top of merchant preference, which supports its volume growth. MA has invested heavily in cybersecurity. The company has rolled out AI-driven fraud detection tools, along with biometric authentication and tokenization technology that swaps out card details for unique identifiers, significantly lowering the risk of theft. Its exclusive Cyber Secure tool offers real-time risk assessments, enabling businesses to identify and tackle vulnerabilities before they can be taken advantage of. MA also launched Mastercard Agent Pay, which combines its agentic tokens with cybersecurity, fraud and franchise regulations. These will assist Microsoft and other partners in enabling safe, easy and programmable transactions across AI platforms. In addition to technology, MA is building trust via strategic partnerships and global compliance. The company collaborates closely with merchants and regulators to keep up with changing data privacy standards like GDPR and PCI DSS. Also, its acquisition of RiskRecon, a cybersecurity company, has boosted its ability to keep an eye on third-party risks, something that can be challenging for SMEs to handle on their own. MA also emphasizes education and transparency. With initiatives like the Trust Center and global fraud insights, it helps businesses stay updated. As e-commerce keeps expanding and digital fraud gets trickier, Mastercard's multi-layered defense model, real-time intelligence and collaborative ecosystem provide merchants with the confidence to concentrate on growth without worrying about threats. How Are Competitors Faring? Some of MA's competitors adopting AI to improve operations include Visa Inc. V and PayPal Holdings, Inc. PYPL. Visa is also making significant strides in cybersecurity. Visa poured over $10 billion over the past five years into AI and fraud prevention technologies, allowing their systems to sift through millions of transactions in real time to spot any unusual activity. PayPal is actively using AI to improve its platform in a number of ways, from streamlining checkout procedures to giving developers more flexible workflows. These AI-powered solutions demonstrate PayPal's dedication to increasing productivity, customizing communications and strengthening security for both customers and companies. Mastercard's Price Performance, Valuation & Estimates In the year-to-date period, MA's shares have gained 4.3% compared with the industry's rise of 2.4%. Image Source: Zacks Investment Research From a valuation standpoint, MA trades at a forward price-to-earnings ratio of 31.59, above the industry average of 21.85. MA carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Mastercard's 2025 earnings implies 9.6% growth from the year-ago period. Image Source: Zacks Investment Research Mastercard currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
