Healthcare remains the top target for cyberattacks, and most of the biggest breaches in the sector come from third-party vendors. In 2024 alone, over half of all healthcare data breaches were connected to issues with suppliers. These attacks are not only disruptive but also very expensive, with the average cost of a breach in healthcare surpassing $10 million. As healthcare organizations handle protected health information (PHI) and deliver important services, the need to constantly monitor their third-party partners is more important than ever.
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To tackle this growing challenge, CORL Technologies, a top provider of third-party risk management solutions for healthcare, has formed a new partnership with Mastercard. Through this collaboration, CORL will add Mastercard’s RiskRecon platform to its existing risk management system. RiskRecon offers ongoing cyber risk assessments and advanced threat protection using artificial intelligence, which will now strengthen CORL’s platform that is specifically designed for healthcare clients.
This integration is meant to change how healthcare organizations watch for vendor risks. Instead of relying on occasional checks or using several different tools, clients will get a smoother experience that offers continuous risk information. The goal is to make third-party risk management easier while providing more detailed and helpful insights. “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 helps us give healthcare-specific, human-interpreted risk insights that help organizations act quicker and with more confidence.”
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The complexity of healthcare supplier networks makes them especially vulnerable. Organizations often depend on thousands of third-party partners to manage PHI, keep sensitive systems running, and follow strict rules. A single weak point in the supply chain can lead to serious problems, including HIPAA violations, service interruptions, and loss of trust. With more pressure from boards, regulators, and compliance officers, healthcare providers are being asked to show more than just regular vendor checks — they need ongoing, real-time monitoring.
The combined strength of CORL and RiskRecon meets these demands head-on. By providing always-on, AI-driven risk intelligence that is checked and explained by cybersecurity experts, this partnership gives healthcare security teams the tools to spot and handle threats quickly. This collaboration brings better visibility, lowers risk, and helps healthcare organizations make faster, smarter decisions to protect patients and data.
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