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
- Identify new and emerging vendor and supplier IT risks with continuous cybersecurity monitoring
- Simplify compliance by instantly mapping assessment results to common IT control frameworks and generating relevant reports
- Streamline risk reduction and mitigation with built-in remediation guidance
Key Features
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.
Automated Onboarding & Offboarding
Import vendors via a spreadsheet template or through an API connection to an existing solution, eliminating error-prone, manual processes.
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.
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.
Inhärentes Risiko 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.
Assessment Library
Leverage Prevalent’s library of 200+ assessment templates, or build your own using a drag-and-drop wizard.
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.
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.
Central Risk Register
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
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.
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.
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.
Compliance & Risk Reporting
Visualize and address compliance requirements by automatically mapping assessment results to regulatory requirements and IT controls frameworks.
Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
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.
Vereinbaren Sie einen Termin für eine kostenlose, persönliche Lösungsdemonstration, um herauszufinden, ob Mitratech Prevalent für Sie geeignet ist.
Who Wins
Beschaffung
Speed purchasing cycles and improve the consistency and fairness of reviews by automating the evaluation of vendor solutions.
IT Security
Gain an early view of vendor risks to accurately scope further due diligence and better prepare for future audits.
Risikomanagement
Reduce the risk of a business disruption by ensuring the viability of both the vendor and their solutions.
