NIST SP 800-53r5, NIST SP 800-161r1 and NIST CSF v2.0 Compliance

SP 800 53 Control with SP 800-161 Overlay

• CA-2 (1) Control Assessments | Specialized Assessments
• CA-2 (3) Control Assessments | Leveraging Results from External Organizations

The Prevalent Third-Party Risk Management Platform includes more than 100 standardized risk assessment survey templates – including for NIST, ISO and many others — a custom survey creation wizard, and a questionnaire that automatically maps responses to any compliance regulation or framework. All assessments are based on industry standards and address all information security topics as they pertain to supply chain partner security controls.

Prevalent Vendor Threat Monitor (VTM) continuously tracks and analyzes externally observable threats to vendors and other third parties. The service complements and validates vendor-reported security control data from the Prevalent Platform by monitoring the Internet and dark web for cyber threats and vulnerabilities. It also correlates assessment findings with research on operational, financial, legal and brand risks in a unified risk register that enables centralized risk triage and response.

With the Prevalent Platform, you can efficiently communicate with vendors and coordinate remediation efforts. Capture and audit conversations; record estimated completion dates; accept or reject submissions on an answer-by-answer basis; assign tasks based on risks, documents or entities; and match documentation and evidence to risks.

Prevalent VTM reveals third-party cyber incidents for 550,000 actively tracked companies by monitoring 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.

Prevalent then normalizes, correlates and analyzes information from across multiple inputs, including inside-out risk assessments and outside-in monitoring from Prevalent Vendor Threat Monitor and BitSight. This unified model provides context, quantification, management and remediation support.

SP 800 53 Control with SP 800-161 Overlay

• CP-2 (3) Contingency Plan | Coordinate with External Service Providers

The Prevalent Third-Party Incident Response Service enables you to rapidly identify and mitigate the impact of supply chain breaches by centrally managing vendors, proactively conducting event assessments, scoring identified risks, and accessing remediation guidance.

The Prevalent Platform includes unified capabilities for assessing, analyzing and addressing weaknesses in supplier business resilience plans. This enables you to proactively work with your supplier community to prepare for pandemics, environmental disasters, and other potential crises.

In addition to facilitating automated, periodic internal control-based assessments, the Prevalent Platform provides cyber security, business, reputational, and financial monitoring – continually assessing third parties to identify potential weaknesses that can be exploited by cyber criminals.

All risk intelligence is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• IR-4 (3) Incident Handling | Supply Chain Coordination

The Prevalent Third-Party Incident Response Service enables you to rapidly identify and mitigate the impact supply chain breaches by centrally managing vendors, proactively conducting event assessments, scoring identified risks, and accessing remediation guidance.

The Prevalent Platform includes unified capabilities for assessing, analyzing and addressing weaknesses in supplier business resilience plans. This enables you to proactively work with your supplier community to prepare for pandemics, environmental disasters, and other potential crises.

In addition to facilitating automated, periodic internal control-based assessments, the Prevalent Platform provides cyber security, business, reputational, and financial monitoring – continually assessing third parties to identify potential weaknesses that can be exploited by cyber criminals.

All risk intelligence is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• IR-5 Incident Monitoring

Prevalent Contract Essentials is a SaaS solution that centralizes the distribution, discussion, retention, and review of vendor contracts. It also includes workflow capabilities to automate the contract lifecycle from onboarding to offboarding. With Contract Essentials, your procurement and legal teams have a single solution to ensure that key contract clauses are in place, and that service levels and response times are managed.

SP 800 53 Control with SP 800-161 Overlay

• IR-6 (1) Incident Reporting | Supply Chain Coordination

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• IR-8 Incident Response Plan

The Prevalent Third-Party Incident Response Service enables you to rapidly identify and mitigate the impact supply chain breaches by centrally managing vendors, conducting event assessments, scoring identified risks, and accessing remediation guidance. The Incident Response Services provides the foundation to be well prepared for board and executive questions regarding the impact of supply chain incidents; and demonstrate proof of your third-party breach response plan with auditors and regulators.

SP 800 53 Control with SP 800-161 Overlay

• PM-16 Threat Awareness Program

Prevalent VTM reveals third-party cyber incidents for 550,000 actively tracked companies by monitoring 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.

Prevalent then normalizes, correlates and analyzes information from across multiple inputs, including inside-out risk assessments and outside-in monitoring from Prevalent Vendor Threat Monitor and BitSight. This unified model provides context, quantification, management and remediation support.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• PM-31 Continuous Monitoring Strategy

Prevalent VTM reveals third-party cyber incidents for 550,000 actively tracked companies by monitoring 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.

Prevalent then normalizes, correlates and analyzes information from across multiple inputs, including inside-out risk assessments and outside-in monitoring from Prevalent Vendor Threat Monitor and BitSight. This unified model provides context, quantification, management and remediation support.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• RA-1 Policy and Procedures

The Prevalent Platform includes more than 100 standardized risk assessment survey templates – including for NIST, ISO and many others — a custom survey creation wizard, and a questionnaire that maps responses to any compliance regulation or framework. All assessments are based on industry standards and address all information security topics as they pertain to supply chain partner security controls.

With the Prevalent Platform, you can automatically generate a risk register upon survey completion, ensuring that the entire risk profile (or a role-specific version) can be viewed in the centralized, real-time reporting dashboard – and reports can be downloaded and exported to determine compliance status. This filters out unnecessary noise and zeroes in on areas of possible concern, providing visibility and trending to measure program effectiveness. Then, you can take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.

SP 800 53 Control with SP 800-161 Overlay

• RA-3 Risk Assessment

See PM-9 Risk Management Strategy

SR-2 Supply Chain Risk Management Plan

a. Develop a plan for managing supply chain risks associated with the research and development, design, manufacturing, acquisition, delivery, integration, operations and maintenance, and disposal of systems, system components, or system services

b. Review and update the supply chain risk management plan as required, to address threat, organizational or environmental changes; and

c. Protect the supply chain risk management plan from unauthorized disclosure and modification.

The Prevalent Platform includes more than 100 standardized risk assessment survey templates – including for NIST, ISO and many others — a custom survey creation wizard, and a questionnaire that maps responses to any compliance regulation or framework. All assessments are based on industry standards and address all information security topics as they pertain to supply chain partner security controls. Prevalent offers security, privacy, and risk management professionals an automated platform to manage the vendor risk assessment process and determine vendor compliance with IT security, regulatory, and data privacy requirements.

In addition to facilitating automated, periodic internal control-based assessments, the Prevalent Platform also provides cyber security, business, reputational, and financial monitoring – continually assessing third parties to identify potential weaknesses that can be exploited by cyber criminals.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• RA-7 Risk Response

See PM-9 Risk Management Strategy

SR-4 (4) Provenance | Supply Chain Integrity – Pedigree

Employ controls and analyze to ensure the integrity of the system and system components by validating the internal composition and provenance of critical or mission-essential technologies, products, and services.

The Prevalent Platform features built-in guidance to remediate control failures or other identified risks to levels acceptable level to your organization. Prevalent also enables risk assessors to communicate with third parties about remediations, document conversations and updates, and store supporting control documentation in a centralized repository.

SR-5 Acquisition Strategies, Tools, and Methods

Employ acquisition strategies, contract tools, and procurement methods to protect against, identify, and mitigate supply chain risks.

Prevalent offers an inherent risk assessment questionnaire with clear scoring based on eight criteria to capture, track and quantify risks for all third parties. The assessment criteria includes:

• Type of content required to validate controls
• Criticality to business performance and operations
• Location(s) and related legal or regulatory considerations
• Level of reliance on fourth parties (to avoid concentration risk)
• Exposure to operational or client-facing processes
  *Interaction with protected data
• Financial status and health
• Reputation

Using the inherent risk assessment, you can automatically tier suppliers, set appropriate levels of further diligence, and determine the scope of subsequent, periodic assessments.

Rule-based tiering logic enables suppliers to be categorized based on a range of data interaction, financial, regulatory and reputational considerations.

SP 800 53 Control with SP 800-161 Overlay

• SA-4 (3) Acquisition Process | Continuous Monitoring Plan for Controls

In addition to facilitating automated, periodic internal control-based assessments, the Prevalent Platform also provides cyber security, business, reputational, and financial monitoring – continually assessing third parties to identify potential weaknesses that can be exploited by cyber criminals.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• SI-4 (1) System Monitoring | Integrated Situational Awareness

Prevalent VTM continuously tracks and analyzes externally observable threats to vendors and other third parties. The service complements and validates vendor-reported security control data from the Prevalent Platform by monitoring the Internet and dark web for cyber threats and vulnerabilities — and correlating assessment findings with research on operational, financial, legal and brand risks in a unified risk register that enables centralized risk triage and response.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

SP 800 53 Control with SP 800-161 Overlay

• SI-5 Security Alerts, Advisories and Directives

Prevalent VTM continuously tracks and analyzes externally observable threats to vendors and other third parties. The service complements and validates vendor-reported security control data from the Prevalent Platform by monitoring the Internet and dark web for cyber threats and vulnerabilities — and correlating assessment findings with research on operational, financial, legal and brand risks in a unified risk register that enables centralized risk triage and response.

All risk intelligence in the Prevalent Platform is centralized, correlated and analyzed in a single risk register that automates reporting and response, and features a flexible weighted scoring model based on likelihood of an event and its impact.

Prevalent offers an inherent risk assessment questionnaire with clear scoring based on eight criteria to capture, track and quantify risks for all third parties. Assessment criteria include:

• Type of content required to validate controls
• Criticality to business performance and operations
• Location(s) and related legal or regulatory considerations
• Level of reliance on fourth parties (to avoid concentration risk)
• Exposure to operational or client-facing processes
• Interaction with protected data
• Financial status and health
• Reputation

Using the inherent risk assessment, you can automatically tier suppliers, set appropriate levels of further diligence, and determine the scope of subsequent, periodic assessments.

Rule-based tiering logic enables suppliers to be categorized based on a range of data interaction, financial, regulatory and reputational considerations.

Function, Category & Subcategory

Best Practices

GOVERN (GV): The organization’s cybersecurity risk management strategy, expectations, and policy are established, communicated, and monitored

Cybersecurity Supply Chain Risk Management (GV.SC): Cyber supply chain risk management processes are identified, established, managed, monitored, and improved by organizational stakeholders

GV.SC-01: A cybersecurity supply chain risk management program, strategy, objectives, policies, and processes are established and agreed to by organizational stakeholders

Build a comprehensive third-party risk management (TPRM) or cybersecurity supply chain risk management (C-SCRM) program in line with your broader information security and governance, enterprise risk management and compliance programs.

GV.SC-02: Cybersecurity roles and responsibilities for suppliers, customers, and partners are established, communicated, and coordinated internally and externally

GV.SC-03: Cybersecurity supply chain risk management is integrated into cybersecurity and enterprise risk management, risk assessment, and improvement processes

Build a comprehensive third-party risk management (TPRM) or cybersecurity supply chain risk management (C-SCRM) program in line with your broader information security and governance, enterprise risk management and compliance programs.

Seek out experts to collaborate with your team on:

• Defining and implementing TPRM and C-SCRM processes and solutions
• Selecting risk assessment questionnaires and frameworks
• Optimizing your program to address the entire third-party risk lifecycle – from sourcing and due diligence to termination and offboarding – according to your organization’s risk appetite

As part of this process, you should define:

• Clear roles and responsibilities (e.g., RACI)
• Third-party inventories
• Risk scoring and thresholds based on your organization’s risk tolerance
• Key risk indicators (KRIs), key performance indicators (KPIs) and service levels for incident response

GV.SC-04: Suppliers are known and prioritized by criticality

Centralize your third-party inventory in a software solution. Then, quantify inherent risks for all third parties. Criteria used to calculate inherent risk for third-party prioritization should include:

• Type of content required to validate controls
• Criticality to business performance and operations
• Location(s) and related legal or regulatory considerations
• Level of reliance on fourth parties
• Exposure to operational or client-facing processes
• Interaction with protected data
• Financial status and health
• Reputation

From this inherent risk assessment, your team can automatically tier suppliers; set appropriate levels of further diligence; and determine the scope of ongoing assessments.

Rule-based tiering logic should enable vendor categorization using a range of data interaction, financial, regulatory and reputational considerations.

GV.SC-05: Requirements to address cybersecurity risks in supply chains are established, prioritized, and integrated into contracts and other types of agreements with suppliers and other relevant third parties

Centralize the distribution, discussion, retention and review of vendor contracts to automate the contract lifecycle and ensure key clauses are enforced. Key capabilities should include:

• Centralized tracking of all contracts and contract attributes such as type, key dates, value, reminders and status – with customized, role-based views
• Workflow capabilities (based on user or contract type) to automate the contract management lifecycle
• Automated reminders and overdue notices to streamline contract reviews
• Centralized contract discussion and comment tracking
• Contract and document storage with role-based permissions and audit trails of all access
• Version control tracking that supports offline contract and document edits
• Role-based permissions that enable allocation of duties, access to contracts, and read/write/modify access

With this capability, you can ensure that clear responsibilities and right-to-audit clauses are articulated in the vendor contract, and SLAs tracked and managed accordingly.

GV.SC-06: Planning and due diligence are performed to reduce risks before entering into formal supplier or other third-party relationships

Centralize and automate the distribution, comparison and management of requests for proposals (RFPs) and requests for information (RFIs) in a single solution that enables comparison on key attributes.

As all service providers are being centralized and reviewed, teams should create comprehensive vendor profiles that contain insight into a vendor’s demographic information, 4th-party technologies, ESG scores, recent business and reputational insights, data breach history, and recent financial performance.

This level of due diligence creates greater context for making vendor selection decisions.

GV.SC-07: The risks posed by a supplier, their products and services, and other third parties are understood, recorded, prioritized, assessed, responded to, and monitored over the course of the relationship

Look for solutions that feature a large library of pre-built templates for third-party risk assessments. Assessments should be conducted at the time of onboarding, contract renewal, or at any required frequency (e.g., quarterly or annually) depending on material changes.

Assessments should be managed centrally and be backed by workflow, task management and automated evidence review capabilities to ensure that your team has visibility into third-party risks throughout the relationship lifecycle.

Importantly, a TPRM solution should include built-in remediation recommendations based on risk assessment results to ensure that your third parties address risks in a timely and satisfactory manner and can provide the appropriate evidence to auditors.

As part of this process, continuously track and analyze external threats to third parties. Monitor the Internet and dark web for cyber threats and vulnerabilities, as well as public and private sources of reputational, sanctions and financial information.

All monitoring data should be correlated with assessment results and centralized in a unified risk register for each vendor, streamlining risk review, reporting, remediation and response initiatives.

Be sure to incorporate third-party operational, reputational and financial data to add context to cyber findings and measure the impact of incidents over time.

GV.SC-08: Relevant suppliers and other third parties are included in incident planning, response, and recovery activities

As part of your broader incident management strategy ensure that your third-party incident response program enables your team to rapidly identify, respond to, report on, and mitigate the impact of third-party vendor security incidents.

Look for managed services where dedicated experts centrally manage your vendors; conduct proactive event risk assessments; score identified risks; correlate risks with continuous cyber monitoring intelligence; and issue remediation guidance. Managed services can greatly reduce the time required to identify vendors impacted by a cybersecurity incident and ensure that remediations are in place.

Key capabilities in a third-party incident response service should include:

• Continuously updated and customizable event and incident management questionnaires
• Real-time questionnaire completion progress tracking
• Defined risk owners with automated chasing reminders to keep surveys on schedule
• Proactive vendor reporting
• Consolidated views of risk ratings, counts, scores and flagged responses for each vendor
• Workflow rules to trigger automated playbooks to act on risks according to their potential impact on the business
• Built-in reporting templates for internal and external stakeholders
• Guidance from built-in remediation recommendations to reduce risk
• Data and relationship mapping to identify relationships between your organization and third, fourth or Nth parties to visualize information paths and reveal at-risk data

Also, consider leveraging databases that contain several years of data breach history for thousands of companies around the world – including types and quantities of stolen data; compliance and regulatory issues; and real-time vendor data breach notifications.

Armed with these insights, your team can better understand the scope and impact of the incident; what data was involved; whether the third party’s operations were impacted; and when remediations have been completed – all by leveraging experts.

GV.SC-10: Cybersecurity supply chain risk management plans include provisions for activities that occur after the conclusion of a partnership or service agreement

Building on the best practices recommended for GV.SC-05, automate contract assessments and offboarding procedures to reduce your organization’s risk of post-contract exposure.

• Schedule tasks to review contracts to ensure all obligations have been met
• Issue contract assessments to evaluate status
• Leverage surveys and workflows report on system access, data destruction, access management, compliance with all relevant laws, final payments, etc.
• Centrally store and manage documents and certifications, such as NDAs, SLAs, SOWs and contracts
• Analyze documents to confirm key criteria are addressed
• Take actionable steps to reduce vendor risk with remediation recommendations and guidance.
• Visualize and address compliance requirements by automatically mapping assessment results to regulations and frameworks