Analyst Insight: The Gartner® Market Guide for IT Vendor Risk Management Solutions
TPRM Compliance Solutions
Meet third-party compliance mandates and regulatory guidelines with speed, efficiency and scale.
As data breaches, supply chain disruptions, and other incidents are increasingly traced to vendors and suppliers, more industry and government regulations are requiring organizations to implement policies for effectively managing third-party risk.
Prevalent offers a single, unified third-party risk management (TPRM) platform that streamlines your compliance initiatives by automating risk assessment, monitoring, analysis and reporting throughout the vendor lifecycle.
Capabilities for Third-Party Risk Compliance
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Expert Consulting
Design a new TPRM program, or optimize your existing program, with professional services and managed services experts.
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Assessments Library
Leverage a library of 200+ standard assessments, or build your own custom surveys, backed by fully automated workflow management.
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Continuous Monitoring
Conduct continuous cyber, operational, reputational and financial monitoring to reveal potential third-party risks and inform prioritization and risk awareness.
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Fine Tuning
Tune analysis and scoring to your organization's specific risk tolerances and other unique business requirements.
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Framework Mapping
Map answers to control frameworks to measure compliance, project future risks, predict business outcomes, and gain remediation recommendations.
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Tailored Reports
Communicate compliance and risk status across the vendor landscape with reports tailored to assessors, executives and other stakeholders.
Requirements and Guidelines Addressed by Prevalent
Cybersecurity Frameworks
Adhere to guidelines, best practices and standards for identifying, assessing, and managing third-party cybersecurity risks to your organization.
Key Frameworks
- CAIQ - Cloud Security Alliance
- CIS Controls 15 and 17 - Center for Internet Security
- CMMC - U.S. Department of Defense
- Executive Order on Improving the Nation's Cybersecurity
- ISO 27001, 27002 & 27036-2 - International Standards Organization Controls
- NCSC Supply Chain Cyber Security Guidance - UK National Cyber Security Centre
- NIST AI Risk Management Framework - National Institute of Standards and Technology
- NIST SP 800-53, SP 800-161, CSF v1.1 - National Institute of Standards and Technology
- NIST CSF v2.0 Draft - National Institute of Standards and Technology
- PCI DSS - Payment Card Industry
- SEC Cybersecurity Disclosure Rules - U.S. Securities and Exchange Commission
- SIG Questionnaire - Shared Assessments
- SOC 2 - American Institute of Certified Public Accountants (AICPA)
ESG Regulations
Review and report on environmental, social and governance practices and performance in your extended supply chain.
Key ESG Regulations
- CTSCA - California Transparency in Supply Chains Act
- EU Corporate Due Diligence Act
- CSRD - EU Corporate Sustainability Reporting Directive
- FCPA - U.S. Foreign Corrupt Practices Act
- Forced Labour Act - Canadian Fighting Against Forced Labour and Child Labour in Supply Chains Act
- German Supply Chain Due Diligence Act
- UK Bribery Act of 2010
- UK Modern Slavery Act of 2015
Industry Guidelines
Follow best practices for assessing, monitoring and mitigating risks associated with your organization's vendor and supplier relationships.
Key Guidelines
- APRA CPS 234 - Australian Prudential Regulation Authority
- DORA - EU Digital Operational Resilience Act
- EBA Outsourcing Guidelines - European Banking Authority
- FCA FG 16/15 - UK Financial Conduct Authority
- FFIEC IT Examination Handbook - Federal Financial Institutions Examination Council
- Interagency Guidance on Third-Party Relationships - U.S. Federal Reserve, FDIC and OCC
- KYC - Know Your Client
- MAS Guidelines on Outsourcing Third-Party Arrangements - Monetary Authority of Singapore
- NERC - Critical Infrastructure Protection (CIP) Standard
- NERC - Security Guideline for the Supply Chain Cyber Security Risk Management Lifecycle
- NERC - Security Guideline for the Vendor Risk Management Lifecycle
- NY CRR 500 - New York State Department of Financial Services
- OSFI B-10 - Canadian Government Office of the Superintendent of Financial Institutions
- PRA SS2/21 - Bank of England Prudential Regulation Authority
Data Privacy Regulations
Ensure that third-party vendors and service providers are able to safeguard personal information and prevent its misuse.
Key Privacy Regulations
- CCPA - California Consumer Privacy Act
- GDPR - General Data Protection Regulation
- HIPAA - Health Insurance Portability and Accountability Act
- NIST SP 800-66 - National Institute of Standards and Technology
- NY SHIELD Act - New York State Stop Hacks and Improve Electronic Data Security Act
- PDPA - Singapore Personal Data Protection Act
Prevalent has helped us have an evidence-based methodology of third party compliance.
— Project Manager, Small Business Professional Services Company
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Blog PostThird-Party Risk Management Frameworks: An Overview
There is no single approach to TPRM, but some commonly used frameworks serve as a solid...
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Blog Post
SIG 2023: What's New in the Latest Update
Discover key changes in the Standard Information Gathering (SIG) Questionnaire, and learn how they can be...
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Blog Post
ESG Compliance: Understanding the Patchwork of ESG Regulations
Proper oversight of ESG requires expertise in third-party risk management and compliance with associated regulations.
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Ready for a demo?
- Schedule a free personalized solution demonstration to see if Prevalent is a fit for you.
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