MSSPs require a platform that supports their core security functions while also enabling them to offer advanced services like Governance, Risk, and Compliance (GRC). Risk Cognizance GRC is designed to be that platform for MSSP and MSP, empowering MSSPs and MSPs to deliver white-label GRCaaS and manage their clients' compliance programs, attack surfaces, dark web activity, and vendors effectively.
Why MSSPs Need Risk Cognizance
- Expanded Service Offerings: By offering GRCaaS, MSSPs can differentiate themselves in the market and provide clients with a comprehensive suite of security services.
- Increased Revenue: GRCaaS can generate additional revenue streams for MSSPs, enhancing their profitability.
- Enhanced Client Relationships: Providing a broader range of services strengthens client relationships and fosters trust.
Key Features of Risk Cognizance for MSSPs
- Multitenant Architecture: Enables MSSPs to offer GRCaaS under their own branding, providing a seamless client experience.
- Comprehensive Compliance Management: Helps clients adhere to various regulatory frameworks, including GDPR, HIPAA, and NIST.
- Advanced Attack Surface Monitoring: Identifies and prioritizes potential vulnerabilities across client environments.
- Dark Web Surveillance: Detects threats that may not be visible through traditional security measures.
- Vendor Risk Management: Oversees and manages third-party relationships effectively.
- Automation and Orchestration: Streamlines processes and reduces manual effort.
The Benefits of Risk Cognizance for MSSPs
- Versatility: Expand service offerings to meet evolving client needs.
- Scalability: Easily manage multiple clients within a single platform.
- Branding: Offer GRCaaS under your own brand for enhanced market presence.
- Proactive Security: Stay ahead of threats and ensure clients remain secure and compliant.
- Enhanced Client Relationships: Build trust and foster long-term partnerships.
Success Stories: How MSSPs are Leveraging Risk Cognizance
- Case Study 1: Increased Efficiency and Cost Savings
- A leading MSSP reduced operational costs by 55% and improved client satisfaction by 69% after implementing Risk Cognizance.
- Case Study 2: Expanded Service Offerings
- An MSSP successfully launched a new GRCaaS offering, attracting new clients and increasing revenue by 80%.
How can an MSSP help your business maintain security compliance?
A GRC audit is an internal review of an organization's governance, risk management, and compliance (GRC) practices. It evaluates how well an organization manages its security and compliance efforts. For Managed Service Providers (MSSPs), GRC audits offer several benefits:
- Implementing Policies and Controls: GRC audits help MSSPs establish cybersecurity policies and controls.
- Risk Assessment: They assist MSSPs in identifying and assessing potential risks.
- Audit Preparation: GRC audits prepare MSSPs for official audits, ensuring compliance readiness.
- Simplifying Compliance: GRC platforms aid MSSPs in understanding and managing key compliance components.
- Streamlining Audits: These platforms simplify the audit process, making it more efficient.
- Visualizing Data: GRC tools provide data visualization capabilities, enhancing the understanding of compliance and risk data.
Why Risk Cognizance GRC Software
Risk Cognizance is GRC platform for a Managed Security Service Provider (MSSP) can help with a variety of tasks, including:
- Security assessments: A GRC platform can continuously monitor for vulnerabilities across client environments, reducing the time spent on manual scans.
- Compliance programs: A GRC platform can help MSSPs quickly create compliance programs for customers.
- Data protection: GRC can help protect data for both MSSPs and their clients.
- Downtime: GRC can help minimize downtime during unexpected disruptions.
- Legal and financial risks: GRC can help reduce legal and financial risks associated with noncompliance.
- Upselling and cross-selling 5 tools in one: A GRC platform can help MSSPs identify compliance gaps and sell additional solutions to remediate them.
- Long-term relationships: A GRC platform can help MSSPs establish long-term relationships with customers by guiding them through their GRC journey.
Some things to look for in a GRC platform for MSSPs include:
- Multi-tenant
- Includes major cybersecurity frameworks
- Includes assessment tools, compliance scoring, and audit management
- Includes an open API and connectors to integrate with other tools
- Attack surface management
- Dark web monitoring
- Third-party management
Conclusion
Risk Cognizance is a powerful tool for MSSPs seeking to expand their service offerings and deliver comprehensive security and compliance solutions.
By leveraging its advanced features, MSSPs can enhance their competitiveness, improve client satisfaction, and drive business growth.
To learn more about Risk Cognizance and how it can benefit your MSSP, contact us today.