Mounting regulatory pressures and looming data breach threats necessitate effective third-party risk management programs. However, with drawn-out data collection processes and back-and-forth communications, evaluating vendor security and compliance can be taxing on IT, OT and risk teams.
Prevalent Vendor Evidence Sharing Networks enable risk and IT/OT teams to focus on remediating risk and addressing compliance concerns with a repository of completed vendor questionnaires backed by continuous monitoring. By outsourcing the collection of due diligence and vendor monitoring, you save time and resources while rapidly scaling your third-party risk management program.
Reduce time spent chasing down vendor risk data
Increase focus on risk analysis and remediation
Facilitate collaborative risk reduction with third parties
Reduce the cost of third-party risk management
Access industry expertise tailored to the unique needs of highly regulated entities
Expand the vendor coverage of your TPRM program
Prevalent Legal Vendor Network
Counting more than 50% of the top law firms in the US, Prevalent's Legal Vendor Network (LVN) is the industry standard among firms and their clients to assess and monitor third-party vendors. As a law firm, your clients are under regulatory pressure to ensure that you follow effective IT security and data privacy policies, which include operating an effective third-party risk management (TPRM) program. TPRM is critical to not only protecting private client data, but also ensuring the security of your firm’s intellectual property and employee data.
Prevalent Healthcare Vendor Network
Prevalent's Healthcare Vendor Network (HVN) is the exclusive third-party partner in H-ISAC's Shared Services program. This network of H-ISAC healthcare members and vendors encourage security best practices and decrease the risk of cyber-attacks to the healthcare industry.
The Prevalent Exchange™ is a cost-effective and time-reducing way to assess third party vendor risk. Vendor evidence (questionnaires, surveys, certifications, etc.) 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.
A Unified TPRM Platform
Measure compliance with data security and privacy requirements via automated assessment, review, analysis, remediation and reporting.
Gain an outside-in view of risk with continuous cyber and business monitoring, notification of critical issues, and remediation guidance.
Access shared libraries of completed, standardized assessments to quickly check risk scores and augment 1:1 assessment activities.
Gartner’s 2019 Magic Quadrant for IT Vendor Risk Management reviews 16 VRM providers.
This complementary guide distills 6 key best practices for third-party risk management from our 15+ years...