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Third-Party Risk Management

The only purpose-built, unified platform for third-party risk management

With cyber attacks originating from third parties on the rise, and privacy concerns driving new regulations, it’s critical to ensure that your suppliers can securely manage sensitive systems and data. However, manually collecting, maintaining and analyzing risk status is inefficient, error-prone and costly. Prevalent simplifies and speeds compliance and risk reduction with our unified, automated Third-Party Risk Management (TPRM) platform.

The Prevalent TPRM platform is a cloud-based solution that combines automated, standardized vendor risk assessment with vendor risk monitoring, assessment workflow, and remediation management across the entire vendor life cycle. The solution is backed by expert professional services and managed services to help you optimize and mature your vendor risk management program.

Get to Know the Prevalent Platform

See how the Prevalent Third-Party Risk Management platform can help you gain unmatched visibility into vendor, supplier and partner risk with this 2-minute video introduction.

3rd-Party Risk Management Benefits

  • Increases visibility into cybersecurity risks and business exposures from vendors, suppliers and other third parties

  • Unifies and centralizes inside-out vendor risk assessment and outside-in vendor risk monitoring

  • Streamlines vendor assessment, compliance, due diligence and remediation initiatives

  • Informs risk-based decisions to prioritize remediation and verify compliance

  • Provides role-based reports for monitoring compliance and third-party risk mitigation

  • Integrates with other best-of-breed risk and security solutions via an extensible vendor risk management framework

  • Strengthens vendor relationships by providing a collaborative platform for identifying and mitigating shared risks

 Datasheet tprm platform nov 2019

We are now able to properly conduct risk assessments, both internal and external, leveraging this fantastic platform. It gives us a level of confidence previously lacking in vendor onboarding and contracting.

— VP, Technology & Security, First Protocol Inc., d/b/a FIRST

Key Capabilities for Third-Party Risk Management

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    A Proven TPRM Maturity Process

    Speed time to value and mature your TPRM program with our expert planning and advisory services. We’ll help you prioritize your vendors, define assessment strategies, and accommodate compliance requirements.

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    Automated Assessments

    Measure internal controls and gain meaningful risk data with a library of 50+ assessments covering SIG Core, SIG Lite, CCPA, GDPR, ISO27001, HIPAA, PCI-DSS, and other regulations – or build custom assessments to meet specific needs.

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    Continuous Monitoring

    Validate vendor controls by correlating assessments with monitoring for cyber threats (e.g., website vulnerabilities, leaked credentials on the dark web, etc.) and potential business threats (e.g., brand, financial, operational, regulatory, legal, etc.) for a more complete risk score.

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    Shared Vendor Networks

    Scale your TPRM program with shared networks of completed vendor risk reports. The Prevalent Exchange, Legal Vendor Network and Healthcare Vendor Network enable you to quickly check risk status and augment your own risk assessment initiatives.

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    Prioritized Remediation

    Streamline remediation with built-in workflows, document management and audit trails. Categorize vendors and prioritize communications based on risk levels and business criticality.

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    Stakeholder-Specific Reporting

    Enable enterprise-wide vendor risk and compliance awareness with tailored stakeholder reports. Provide executives with broad visibility for strategic decision making and board reporting, while enabling assessors to drill-down on specific risks and control failures.

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    APIs and Connectors

    Share data between the Prevalent's extensible TPRM framework and other best-of-breed business, risk and security solutions to ensure your program doesn’t operate in a silo.

Allianz Achieves 50% Time Savings with Prevalent

Allianz saved 50% of their time performing assessments and onboarding vendors, enabling them to meet their PRA and FCA compliance and risk management objectives ahead of schedule.

Learn more about our customers
Blog gartner vrm mq 2019

A Unified Third-Party Risk Solution

  • Vendor Assessment

    Measure compliance with data security and privacy requirements via automated vendor risk assessment, review, analysis, remediation and reporting.

  • Vendor Monitoring

    Gain an outside-in view of risk with continuous vendor risk monitoring, notification of critical issues, and remediation guidance.

  • Vendor Networks

    Access vendor risk networks of completed, standardized assessments to quickly check risk scores and augment 1:1 assessment activities.

How mature is your third-party risk management program?

Answer 10 multiple-choice questions to get an instant "gut check" of your third-party risk readiness!

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