NOMINATION HIGHLIGHTS

Prevalent’s platform provides organizations the ability to understand the full scope of vendor risk with a view across key data risk elements such as assessment due-diligence, cyber threats, and business risk intelligence.

Its customers hail from Fortune 500 and Global 2000 companies, including top healthcare, financial services, legal, and consumer products organizations worldwide.

Prevalent’s comprehensive solution reduces the cost, risk, and complexity that comes with vendor management, specifically by:

• Reducing Cost with Automated, Scalable Vendor Risk Assessments
Manual data-gathering and sharing efforts, coupled with individual emails and spreadsheets are not scalable, and give rise to inefficient, error-prone processes. Prevalent dramatically reduces data collection timeframes, offering security, privacy, and risk management professionals a platform to manage and automate the vendor risk assessment process. It employs both standard and custom questionnaires to help collect evidence and provides key features such as vendor tiering, risk scoring flexibility, and built-in workflows.

• Reducing Risk with Continuous Threat Monitoring
Prevalent’s platform offers continuous monitoring software to fill the gap between assessments, providing the industry’s only holistic view of potential risks across five key areas: Data, Brand, Financial, Operational and Regulatory. Events such as lawsuits and phishing attacks are continuously captured, scored and delivered to users via dashboards and email notifications. Prevalent uses a self-service agent to remotely inspect a vendor’s ability to detect and isolate cyber attackers behind the firewall.

• Reducing Complexity with Immediate Access to Shared Data
Prevalent’s Vendor Evidence Sharing Networks are repositories of completed, validated vendor questionnaires and supporting evidence available to organizations without the tedious time and resource consuming process of collecting data from scratch. Prevalent offers both horizontal and vertical networks for speed of assessment and collaboration among the vendor community.