Evaluating vendor security and compliance is essential to avoiding data breaches and regulatory missteps. However, traditional vendor due diligence processes can burden security, risk and procurement teams with outdated spreadsheets and endless email threads.
Prevalent Vendor Intelligence Networks simplify and accelerate the due diligence process. Each Network provides an on-demand library of thousands of vendor risk reports that are continuously updated and backed by supporting evidence. Network members not only add immense scale to their third-party risk management programs, but also are able to shift their time and energy from hounding vendors to proactively identifying and remediating exposures.
Increase focus on risk analysis and remediation with instant access to shared vendor risk data
Reduce the cost of third-party risk management by automating assessment and monitoring processes
Stop chasing down vendor responses by outsourcing collection and analysis efforts
Accelerate sourcing and vendor evaluations with current insights into cyber, business and financial health data
Select from flexible licensing options tailored to your desired level of oversight
Meet compliance requirements with a standards-based approach to third-party risk management
It made things a lot easier to manage. Taking over the program they had in place quickly boosted organization and productivity.
— Security Officer, Wright Express Corporation
Access over 10,000 completed and verified assessments and supporting evidence. All vendor profiles are based on assessments from SIG-Core, SIG-Lite or H-ISAC. Vendors are reassessed annually or upon your request.
Search for a specific vendor in the network to access assessment, cyber, business and financial data. Request assessments with a single click.
Screen vendors during RFx processes with risk score previews based on inherent/residual risk, internal assessment results, and external monitoring reports.
Identify potential points of contact; send templated email communications to enroll the user or identify alternatives; and onboard the user as the primary responder.
Save time and money by letting Prevalent experts handle everything from conducting assessments and following up with vendors, to reviewing responses and evidence for accuracy and relevance.
Conduct an initial point-in-time review of business, reputational, or data breach events identified by Prevalent Vendor Threat Monitor; analyze them to identify false positives and noteworthy events; and adjust risk scores to reflect criticality.
Streamline vendor communications and speed remediation efforts by capturing and auditing conversations, assigning tasks, and tracking progress.
Efficiently coordinate internal and vendor teams with pre-built playbooks that automate a broad range of onboarding, assessment and review tasks.
Leverage machine learning analytics to correlate hard-to-track metrics and provide insight into the riskiest vendors, controls and trends.
Prevalent automatically maps assessment responses to specific regulatory and industry framework requirements, enabling you to quickly verify compliance or justify remediation efforts.
Get clear and actionable recommendations for addressing risks identified during assessments. Track and report on issue resolution over time.
Issue additional assessments for fourth-party mapping, certifications, and business profiling. Vendors can also proactively report important events.
Leverage passively identified fourth-party technologies to identify and create relationships among third parties.
Transform point-in-time vendor assessments into dynamic intelligence profiles with continuous insights from cyber, business and financial monitoring events.
Prevalent Legal Vendor Network
The Prevalent Legal Vendor Network (LVN) is the industry standard used by over 50% of the top U.S. law firms. The LVN provides a repository of completed risk assessments and event monitoring for vendors providing eDiscovery, data management, and other services essential to the legal industry.
Prevalent Healthcare Vendor Network
Prevalent's Healthcare Vendor Network (HVN) is the exclusive third-party partner in H-ISAC's Vendor Risk Assessment Due Diligence program. This network of H-ISAC members and their vendors encourages security best practices to reduce the risk of cyber-attacks in the healthcare industry.
The Prevalent Exchange™ is a cost-effective way to evaluate third-party vendor risk. Vendor evidence is either collected for you by Prevalent, or contributed to the Exchange by the vendor. Exchange participants simply request access to the evidence, and after a quick vendor approval, it’s available for review.
Measure compliance with data security and privacy requirements via automated vendor risk assessment, review, analysis, remediation and reporting.
Gain an outside-in view of risk with continuous vendor risk monitoring, notification of critical issues, and remediation guidance.
Access vendor risk networks of completed, standardized assessments to quickly check risk scores and augment 1:1 assessment activities.
This complimentary guide details best practices for successfully managing risk throughout the vendor lifecycle.