Prevalent Third-Party Risk Management Platform

With cyber attacks originating from third parties on the rise, and privacy concerns driving new regulations, it’s critical to ensure that your suppliers can securely manage sensitive systems and data. However, manually collecting, maintaining and analyzing risk status is inefficient, error-prone and costly.

Simplify,Automate,Scale.

The only purpose-built, unified platform for third-party risk management

Delivered in the simplicity of the cloud, the Prevalent Third-Party Risk Management platform combines automated, standardized vendor assessments with continuous threat monitoring, assessment workflow, and remediation management across the entire vendor life cycle. The solution is backed by expert advisory, consulting and managed services to help you optimize and mature your vendor risk management program.

Assess

• Measure compliance with data security and privacy requirements via automated assessment, review, analysis, remediation and reporting.
• Leverage 50+ templates or build custom surveys
• Automate the end-to-end assessment process and alleviate tedious manual labor
• Assess vendor compliance with ISO 27001, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, SOX, NYDFS, and other regulations and frameworks

Monitor

• Gain an outside-in view of risk with continuous cyber and business monitoring, notification of critical issues, and remediation guidance.
• Combine vulnerability scanning with external threat intelligence to uncover IP threats, phishing events, and data breaches
• Identify operational, financial, legal, and brand risks with OSINT business intelligence
• Integrate outside-in scoring with inside-out assessment for a complete view of risk

Share

• Access shared libraries of pre-submitted, standardized assessments to quickly check risk scores and augment 1:1 assessment activities.
• Prevalent Exchange: cross-industry vendor data
• Legal Vendor Network™:the industry standard used by 50%+ of top U.S. law firms
• Healthcare Vendor Network™:exclusive partner to H-ISAC Shared Services

Key Benefits

Visibility

Gain a 360-degree view

Identify IT and business exposures with inside-out assessment and outside-in monitoring, eliminating coverage gaps and informing risk-based decision making.

Efficiency

Streamline TPRM & reduce costs

Speed assessments and remediation with bi-directional workflow, document/evidence and task management. Equip vendors with dashboards for managing and addressing risks.

Scale

Expand and mature your program

Prevalent’s Risk Operations Center (ROC) and Professional Services teams will partner with you to rapidly implement, scale and customize your end-to-end TPRM program.

Reporting

Tailor risk insights & trends

Generate detailed vendor risk registers, compliance mapping reports, remediation guidance and executive overviews. Review full audit trails and drill down to specific controls and risks

Remediation

Utilize actionable guidance

Categorize vendors by risk level and importance to the business. Share remediation recommendations and implement fixes, with full audit trails for all communications

Compliance

Address assessment and monitoring requirements

Comply with GDPR, HIPAA, NIST SP 800 & CSF, ISO 27001/ 27002/27018, EBA Guidelines, FCA FG 16/5, FFIEC IT Exam Handbook, NY DFS 23 NYCRR 500, OCC Bulletins and more