Question: Is there a tool that uses AI and machine learning to identify trends and provide expert insights for risk management in third-party relationships?

If you're looking for a tool that uses AI and machine learning to spot trends and offer expert analysis for risk assessment and mitigation in third-party relationships, Prevalent is worth a look. The platform uses AI and automation to evaluate and reduce security risk related to vendors, suppliers and other third parties. It provides a unified view of risk assessment and monitoring, along with other services like due diligence collection and analysis, contextual risk reporting and risk remediation.

Another good option is Panorays, which offers a third-party cyber risk management platform. It assigns a real-time Risk DNA rating to each third-party connection and offers auto-adaptive security controls. Among its features are continuous supply chain detection and monitoring, actionable threat alerts and AI-driven risk assessments. Panorays is designed to help you optimize your third-party risk management and improve cybersecurity posture.

For a highly customizable platform, ProcessUnity automates the entire risk lifecycle from onboarding to continuous monitoring. It features a Universal Data Core for aggregating risk data and AI-powered tools specifically designed for third-party risk management. The platform handles vendor onboarding, assessments and monitoring, with customizable questionnaire templates and risk-based post-contract monitoring.

Last, UpGuard offers the most visibility into attack surfaces and third-party risk through continuous monitoring. The platform offers automated scanning, real-time alerts and data leak detection. Its intuitive interface streamlines workflows and automates risk detection, offering industry-leading security ratings and real-time insights to help you make informed decisions.