3rd Party Vendor Quantitative Risk Analysis
Aggregate 3rd Party Assessments
Regulators and management need 3rd party assessment that are accurate and not based upon opinions or assumptions.MasterTelUSA enables our customers to satisfy regulators by assessing true 3rd party risk, which is the probability that one of their vendors will have a data breach, obsoleting the use of questionnaires, maturity scores and SOC2 reports.
The risk from 3rd parties is from breaches caused by the sheer number of vendors. MasterTel USA quantifies this risk twice per year, with an aggregate forecast. We help senior management set risk appetite goals with a testable forecast of data breach frequency. We help cybersecurity teams identify the few vendors that represent most of the risk, we then quantify the value of mitigation. Finally, we satisfy regulators with an accurate and documented process for vendor assessment using an empirical and transparent regression model for probability of data breach.
Data Breach Impact Report
The cost of a data breach is predictable. By understanding the causes and cost of data breaches, MasterTel USA allows our customers to make informed decisions around cybersecurity investments. We use an empirical regression model, which means that it is based upon factors that predict cost. The model is easy to understand, and provides insights into how to manage and reduce costs. The report provides the median and 80% confidence interval for a data breach caused by a malicious outsider, a malicious insider, a lost & stolen device, and/or an accident. The model forecasts the sum of all costs including investigation costs, notification costs and reputation damage and the probability for lawsuit, providing a complete and detailed breakdown of costs.
Peer Comparison
Senior management would like more than green/yellow/red. They would like to know the probability for data breach and the cost of reducing this probability. They would like to know how they compare with peers and they would like to be able to weigh cybersecurity risks against other business priorities. They would like to know how the cost of risk transfer compares with the cost of reducing cyber-risk.
MasterTel USA brings predictability to the randomness of cybersecurity incidents by enabling our customers to understand the probability of having a data breach. Our report will help senior management set risk appetite goals for their internal cybersecurity, in terms of data breach frequency and data breach size, and, more importantly, weigh the cost of cybersecurity against the cost of risk transfer. Our report will also show senior management how they compare with their industry and size in terms of cybersecurity spend and management culture.
The landscape of the technology sector is rapidly changing and the tele-communications and IT industries are converging. SMB, enterprise and international customers are looking for a single source to take care of all their network needs.
MasterTel USA supplies Agents, VARs and MSPs with the tools needed to expand your business. By creating a strategic partnership with MasterTel USA, we are providing you with a turnkey business infrastructure to help you go to market fast and effectively.
Our success is not only attributed to our team of subject matter experts and support specialists, but also to our 1000+ vendor relationships worldwide that form our global support and expertise structure.
Our Process
Discovery Sessions
We engage deeply with our clients for a needs assessment. We review current solutions, interview key decision makers & technology users to fully understand the scope and goal of your technology initiatives.
Technology Design & Consultation
Our solution engineers will then work hand in hand with your client team to design the optimal solution to meet your company's strategic goals and initiatives.
Engagement, Presentation & Adjustments
We then engage with our over 1000+ best of breed technology partners worldwide that can best help us deliver the proposed design enabling us to meet the client timeframes, with the least interruption and most cost effectively.
Agreement & Implementation
We will then meet to review our final recommendations. Once agreement is executed, that's when the real work begins. Our team will project manage each solution to ensure customer satisfaction and then help manage the ongoing relationship with all underlying partners.