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.
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
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
Rapidly pre-screen vendors using a library of continuously updated risk scores based on inherent/residual risk and standardized IT security assessment results.
Import vendors via a spreadsheet template or through an API connection to an existing solution, eliminating error-prone, manual processes.
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.
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.
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.
Leverage Prevalent's library of 125+ assessment templates, or build your own using a drag-and-drop wizard.
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.
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.
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
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.
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.
Visualize and address compliance requirements by automatically mapping assessment results to regulatory requirements and IT controls frameworks.
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Rapidly identify and mitigate the impact of vendor breaches by centrally managing vendors, conducting event assessments, scoring identified risks, and accessing remediation guidance.
Risk-Based Management of Third-Party Cybersecurity Exposures
This TAG Cyber report shares best practices for strengthening your third-party cyber risk management program.
Reduce the potential for business disruptions by ensuring that new vendors adhere to IT security best practices.
Ensure that vendors have IT security controls and policies in place to reduce the risk of breaches and security incidents.
Achieve a comprehensive view of third-party vendor and supplier risks that is aligned with accepted control standards.
This webinar examines proven third-party risk management techniques that will help you reduce your vendor risk...