Automate the identification, analysis and remediation of third-party risks to close security gaps
Personally identifiable information (PII) and protected health information (PHI) represent attractive targets for cyber criminals. It is therefore essential that Chief Privacy Officers (CPOs), data protection officers (DPOs) and risk managers have an accurate view of how third parties are interacting with a company’s data to mitigate the risk of unwanted access.
However, many organizations struggle with manual, spreadsheet-based approaches that complicate everything from identifying where data resides and assessing the potential exposure to a breach, to consistently enforcing policies with third parties and reporting on compliance.
Prevalent automates data discovery, privacy impact assessments, remediation and reporting against identified risks and privacy compliance requirements. With Prevalent, organizations can build a data privacy program that is unified with vendor risk assessments for a complete view of third-party risk.
Key Benefits
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Eliminate spreadsheets by automating and centralizing risk identification, analysis, management and remediation
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Close security gaps by validating point-in-time controls assessments with continuous cyber monitoring insights
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Make better decisions with machine learning analytics that deliver unparalleled insights into vendor risk trends, security status, and outlier events
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Knock down silos and gain a unified view of vendor risk by integrating Prevalent TPRM with existing security and GRC tools and frameworks
Key Features
Automated Onboarding
Import vendors via a spreadsheet template or through an API connection to your existing procurement solution, eliminating error-prone, manual processes.
Library of Reusable Content
Rapidly pre-screen vendors using a library of completed risk assessments with inherent/residual risk scores, assessment results and real-time monitoring.
Inherent Risk Scoring
Use a simple assessment with clear scoring to capture, track and quantify inherent risks for all third parties.
Profiling & Tiering
Automatically tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope and frequency of assessments.
Risk Assessment Library
Leverage 200+ standardized risk assessment surveys, a custom survey creation wizard, and a questionnaire that maps responses to compliance regulations and frameworks.
Rapid Incident Response
Use Prevalent’s continuously updated customizable event and incident management assessment questionnaire to determine the impact of security incidents affecting your vendors.
Automated Risk & Compliance Registers
Automatically generate a risk register for each vendor upon survey completion. View centralized risk profiles in a real-time reporting dashboard and download or export reports to support compliance efforts.
Automated Response Actions
Act on risks according to their potential business impact with automated risk response playbooks that can be triggered by a library of workflow rules
Cyber Threat Intelligence
Reveal third-party cyber incidents and prioritize vendor assessments with insights from 1,500+ criminal forums; thousands of onion pages, 80+ dark web special access forums; 65+ threat feeds; and 50+ paste sites for leaked credentials — as well as several security communities, code repositories, and vulnerability databases.
Single Risk Register for Assessments & Monitoring
Prevalent normalizes, correlates and analyzes information across risk assessments and vendor monitoring. This unified model provides context, quantification, management and remediation support.
Risk Scoring & Analysis
Quickly gauge the impact of vendor risks with scores that are adjustable according to your organization’s risk tolerance.
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.
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.
Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Reporting & Dashboards
Gain visibility into risk and compliance status, performance metrics, and other data via centralized dashboards; leverage PowerBI or QuickSight integration for custom reporting.
Machine Learning Reporting & Analytics
Reveal risk trends, status and exceptions to common behavior for individual vendors or groups with embedded machine learning insights. Quickly identify outliers across assessments, tasks, risks, and other factors that could warrant further investigation
Compliance-Specific Reporting
Automatically map information gathered from control-based assessments to ISO 27001, NIST, CMMC, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, SOX, NYDFS, and other regulatory frameworks to quickly visualize and address important compliance requirements.
Event Reporting
Enable vendors to submit proactive event assessments – or issue assessments related to data breaches, notifications and other events – and dynamically adjust vendor risk scores based on the results.
Automated Offboarding
Leverage customizable offboarding assessment surveys and workflows to track system access, data destruction, access management, compliance controls, and other termination criteria.
Who Benefits
from Prevalent
TPRM Solutions
Learn how Prevalent helps security, risk
management, privacy, procurement, audit and
legal teams reduce vendor and supplier risk in
their organizations.
Related Solutions
Third-Party Risk Management Platform
Automate the identification, analysis and remediation of vendor security risks with a centralized solution.
Vendor Risk Assessment Services
Outsource risk assessment, analysis and remediation to our managed services team.
Vendor Risk Networks
Access a vast library of completed and standardized vendor risk assessments.
TPRM Jump Start
Build a program to discover and assess third parties in 30 days or less.
Third-Party Incident Response
Quickly discover, score and remediate risks from vendor breaches.
Vendor Risk Monitoring
Gain continuous insights into vendor risks from more than 550,000 intelligence sources.
