Press Release

Telling Infographic Uses Spy Theme to Raise Awareness and Call Businesses to Take Action against Third-Party Risks

Warren, New Jersey –– Sept. 18, 2014 –– Vendor risk and cyber threat intelligence innovator Prevalent today announced the release of a new infographic, “Is Third-Party Vendor Risk Management Scaring the Living Daylights Out of You?”

Created in alliance with research firm Enterprise Management Associates (EMA), the infographic’s spy theme creatively illustrates the cause and effect of recent high-profile third-party data breaches, and offers insight into best-practice approaches for avoiding them.

“The reality is that attackers are using third-party vendors as a means to execute criminal or malicious acts to gain access to information that does not belong to them,” says David Monahan, Director, Security and Risk Management, Enterprise Management Associates. “And, the theft of data via these breaches is costing businesses hundreds of thousands to millions of dollars in lost revenue and productivity, along with fines and auditing expenses.”

In the new infographic, Prevalent and EMA cover several key considerations for third-party vendor risk including:

  • The financial impact of data breaches;
  • The consequences of data breaches from a regulatory and compliance standpoint; and,
  • Why and how companies fall short when using legacy tools to protect their data.

“The key to mitigating risk, and reducing the costs associated with third-party vendor risk, is to provide a way for organizations and IT professionals to continuously and proactively monitor key threat vectors from third-party providers,” says Jonathan Dambrot, CEO and Co-Founder of Prevalent. “Our goal in creating this infographic is to draw attention to the importance of managing third-party vendor risk, and provide insight into the most effective emerging practices for addressing the challenges organizations face in this area.”

To download the Prevalent and EMA infographic on third-party vendor risk management, visit http://www.prevalent.net/resources/3rd-party-vendor-risk-management-infographic/. For more information regarding Prevalent visit www.prevalent.net; email info@prevalent.net; or call 877-PREVALENT.

About Prevalent
Prevalent is a vendor risk and cyber threat intelligence innovator with a reputation for developing cutting-edge technologies and highly-automated services that are proven to help organizations reduce, manage and monitor the security threats and risks associated with third-party vendors.

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