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Vendor Information Security & Cybersecurity Assessment

Assess and continuously monitor your vendors and suppliers for information security and cybersecurity risks

A recent Prevalent survey revealed that 45% of companies experienced a third-party IT security incident in the last year, and 25% of those resulted in lost customers, reduced revenue, reputational fallout, or increased costs to remediate and recover.

Most organizations understand that they need to proactively assess their third-party vendor and supplier IT security controls. However, many use static spreadsheets that require constant manual vendor chasing, don't align with common IT control frameworks, and don't offer scoring, reporting, or remediation guidance.

The Prevalent Third-Party Risk Management Platform automates the assessment, continuous monitoring, analysis, and remediation of third-party IT security risks – while automatically mapping results to common IT security control frameworks such as NIST and ISO. As a result of this increased visibility, our customers effectively reduce third-party risk and streamline compliance initiatives.

Key Benefits

  • Automate the collection of IT controls data and supporting evidence with a centralized, workflow-driven platform

  • Simplify compliance by instantly mapping assessment results to common IT control frameworks and generating relevant reports

  • Identify new and emerging vendor and supplier IT risks with continuous cybersecurity monitoring

  • Streamline risk reduction and mitigation with built-in remediation guidance

 Case study media entertainment

Prevalent has become a key cyber security solution for us. Although our relationship started with just helping to get away from spreadsheets, Prevalent does so much more by helping us understand risks across the business.

— Head of Cyber Security, ITV

Key Features

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    Vendor Pre-Screening

    Rapidly pre-screen vendors using a library of continuously updated risk scores based on inherent/residual risk and standardized IT security assessment results.

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    Automated Onboarding & Offboarding

    Import vendors via a spreadsheet template or through an API connection to an existing solution, eliminating error-prone, manual processes.

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    Centralized Intake

    Populate key supplier details with a centralized and customizable intake form and associated workflow. This is available to everyone via email invitation, without requiring any training or solution expertise.

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    Comprehensive Supplier Profile

    Tap into 550,000+ sources of vendor intelligence to build a comprehensive vendor profile that includes industry and business insights and maps potentially risky 4th-party relationships.

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    Inherent Risk Scoring

    Use a simple assessment with clear scoring to track and quantify inherent risks, tier vendors, and chart the right path for a complete information security assessment.

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    Assessment Library

    Leverage Prevalent's library of 200+ assessment templates, or build your own using a drag-and-drop wizard.

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    Continuous Cybersecurity Monitoring

    Automate the monitoring of criminal forums; onion pages; dark web special access forums; threat feeds; and paste sites for leaked credentials — as well as several security communities, code repositories, and vulnerability databases.

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    Data Breach Event Notification Monitoring

    Access a database containing 10+ years of data breach history for thousands of companies around the world. Includes types and quantities of stolen data; compliance and regulatory issues; and real-time vendor data breach notifications.

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    Central Risk Register

    Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.

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    Virtual Third-Party Risk Advisor

    Leverage a conversational AI trained on billions of events and more than 20 years of experience to deliver expert risk management insights in the context of industry guidelines such as NIST, ISO, SOC 2 and others.

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    Automated Risk Review & Response

    Leverage a library of workflow rules to trigger automated playbooks that enable you to review and approve assessment responses to automatically register risks, or reject responses and request additional input.

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    Machine Learning Analytics

    Reveal risk trends, status and exceptions to common behavior with embedded machine learning insights. Identify outliers across assessments, tasks, risks, and other factors warranting further investigation or score changes.

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    Compliance & Risk Reporting

    Visualize and address compliance requirements by automatically mapping assessment results to regulatory requirements and IT controls frameworks.

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    Built-in Remediation Guidance

    Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.

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    Automated Incident Response

    Rapidly identify and mitigate the impact of vendor breaches by centrally managing vendors, conducting event assessments, scoring identified risks, and accessing remediation guidance.

How Can You Stay Ahead of Vendor Cyber Risks?

Download this 11-page strategy guide to discover how to structure your third-party risk management (TPRM) program to efficiently identify and address cybersecurity risks across your vendor ecosystem.

Read Now
Featured resource 10 keys third party cybersecurity 1023

Who Wins

  • Procurement

    Reduce the potential for business disruptions by ensuring that new vendors adhere to IT security best practices.

    > More procurement and sourcing benefits

  • IT Security

    Ensure that vendors have IT security controls and policies in place to reduce the risk of breaches and security incidents.

    > More IT security benefits

  • Risk Management

    Achieve a comprehensive view of third-party vendor and supplier risks that is aligned with accepted control standards.

    > More risk management benefits

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