Protect your brand with Prevalent third-party risk management
Retailers must not only protect their organizations against third-party cyberattacks targeting point-of-sale systems and personally identifiable information (PII), but also assess their suppliers for ethical sourcing and child labor concerns. With several regulations in place to enforce these requirements, how can organizations ensure they are assessing their third parties for the full scope of risks – both cyber and non-cyber?
Prevalent delivers a single solution that unifies the assessment, analysis and remediation of third-party IT security, privacy, reputational and regulatory risks. With Prevalent, retail organizations gain better risk visibility across their extended supply chains, reducing the risk of reputational damage and business disruptions.
How Prevalent Helps Retail Organizations
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Automates the collection and analysis of third-party due diligence, helping teams to instead focus on risk management
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Unifies third-party risk management with enterprise risk management, leveraging a library of pre-built connectors to GRC tools and reporting solutions
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Simplifies compliance audits, providing pre-built questionnaires and reports to satisfy multiple stakeholders
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Transforms third-party risk management from a static, point-in-time project to a continuous program leveraging real-time cyber, reputational and financial insights
Trusted by Leading Retail Organizations
Key Features
Supplier Pre-Screening
Rapidly pre-screen vendors using a library of continuously updated risk profiles based on inherent/residual risk, assessment results and real-time reputational monitoring.
Comprehensive Supplier Profile
Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights, beneficial ownership, and maps potentially risky 4th-party relationships.
Inherent Risk Scoring
Use a simple assessment with clear scoring to track and quantify inherent risks and chart the right path for a complete third-party risk assessment.
Risk Review & Analysis
Review and approve assessment responses to automatically register risks, or reject responses and request additional input.
Supplier Reputation Monitoring
Access qualitative insights from over 550,000 public and private sources of reputational information, including negative news, regulatory and legal actions, adverse media, conflicts of interest and more.
Financial Governance & Transparency Monitoring
Tap into financial information from a network of millions of businesses across 160+ countries. Access 5 years of organizational changes and financial performance, including turnover, profit and loss, shareholder funds transparency, and more.
Global Sanctions Monitoring
Simultaneously screen against the world’s most important sanctions lists (including OFAC, EU, UN, BOE, FBI, BIS, etc.), over 1,000 global enforcement lists, and court filings (such as the FDA, US HHS, UK FSA, SEC and more) to proactively identify prohibited business relationships.
Corruption Perception Index Scoring
Corruption Perception Index (CPI) scores of company head office countries add more business context to vendor risk analysis by delivering insights into a vendor’s viability and ethics.
Relationship Mapping
Identify relationships between your organization and third, fourth and Nth parties to discover dependencies risks in your extended vendor ecosystem.
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.
Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Document & Evidence Management
Store and manage policy documents, evidence and more for dialog and attestation.
Compliance Reporting
Visualize and address compliance requirements by automatically mapping assessment results to requirements.
Schedule a free, personalized solution demonstration to see if Mitratech Prevalent is a fit for you.
Who Wins
Procurement
Centrally manage vendors and monitor their performance against contractually established SLAs and KPIs using a customizable survey with built-in workflows.
IT Security
Get unparalleled insights into risk trends, status and outliers with the latest machine learning analytics, leveraging from the most risk intelligence sources available.
Risk Management
See which vendors pose the most risks and in what areas, helping to align your overall enterprise risk management strategy.
