Question: I need a system that can identify and assess third-party risks, can you recommend one?

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Prevalent

For a system that can properly identify and evaluate third-party risks, Prevalent is a top pick. It combines AI and automation for a third-party risk management platform that spans vendor, supplier and IT vendor risk management. The platform includes due diligence collection and analysis, contextual risk reporting and risk remediation, and is used by finance, healthcare, insurance and retail companies.

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ProcessUnity

Another top contender is ProcessUnity. It automates the entire risk lifecycle, from onboarding to continuous monitoring, with AI-powered tools and a customizable workflow platform. ProcessUnity also has a Universal Data Core for consolidating risk data and a Global Risk Exchange with validated risk assessments and predictive risk data. It's a Forrester Wave Leader for Third-Party Risk Management Platforms, so you can trust it'll help you get through TPRM efficiently.

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UpGuard

For continuous monitoring and real-time insights, UpGuard offers the most visibility into third-party risk, monitoring millions of companies and billions of data points each day. The platform offers automated scanning, real-time alerts and industry-leading security ratings. UpGuard's interface is designed to streamline workflows and automate risk detection, so you can easily communicate with stakeholders and monitor third-party security posture.

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Panorays

Last, check out Panorays for real-time risk assessments and continuous supply chain detection. Panorays gives each third-party connection a Risk DNA rating and offers actionable threat alerts, vendor self-guiding plans and automated risk management. The platform helps companies optimize their third-party risk management and improve their cybersecurity posture, with high accuracy and efficiency in risk assessments.

Additional AI Projects

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Whistic

Automates vendor assessments, streamlines security information exchange, and provides a single view of the supply chain to reduce breach likelihood and improve customer trust.

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RiskRecon

Provides real-time visibility into digital environments, enabling companies to identify and prioritize cyber risks across third-party partners, supply chains, and internal systems.

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Venminder

Streamlines the entire vendor lifecycle, from onboarding to offboarding, with customizable tools for questionnaire management, workflow creation, and risk assessment.

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NAVEX

Unifies governance, risk, and compliance data into a single source of truth, enabling secure collaboration and informed decision-making across the organization.

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Bitsight

Instantly assess and reduce cyber risk across entire attack surfaces with comprehensive tools for external attack surface management, cybersecurity analytics, and more.

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Auditive

Continuously monitor vendors against specific security requirements, automating risk assessments in seconds and streamlining third-party risk management.

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Craft

Streamlines supplier risk assessment with a 360-degree view, enabling informed decisions, disruption avoidance, and improved supply chain performance.

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OneTrust

Centralize data management across all locations, gaining visibility and control over company data with automated risk management and compliance features.

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SecurityScorecard

Continuously monitor and mitigate third-party cyber risk across your entire vendor ecosystem with integrated supply chain cyber risk management and security operations.

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LexisNexis Risk Solutions

Combines Big Data, advanced analytics, and proprietary linking to deliver actionable insights, enabling businesses to identify and mitigate risks, ensure compliance, and drive growth.

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Balbix

Provides a unified view of an organization's attack surface, identifying critical vulnerabilities and offering actionable insights to reduce cyber risk.

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Flashpoint

Delivers timely, relevant, and actionable threat intelligence to empower organizations to lower risk and improve protection across multiple security teams.

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Tenable

Unifies attack surface visibility, providing prioritized vulnerability management and remediation guidance to mitigate cyber threats and optimize business performance.

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Forescout

Automates cybersecurity across all connected assets, providing real-time visibility, risk management, and threat response through converged platform features.

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Varonis

Continuously discovers and classifies critical data, removes exposures, and stops threats in real-time using AI-powered automation.

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IBM Security Trusteer

Authenticates customers, prevents fraud, and protects against malicious users across all channels with AI-driven digital identity trust and real-time risk assessment.

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Apiiro

Provides detailed code-to-runtime visibility, risk prioritization, and automation of security controls, integrating with native tools for a single view of application risk.

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Veriom

AI-driven analysis of entire IT infrastructure provides personalized recommendations for proactive risk management and optimization, spotting problems before they escalate.

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BeyondTrust

Provides a 360-degree view of all identities, privileges, and access, uncovering blind spots and eliminating attack vectors across the entire identity estate.

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Splunk

Unify security and observability with AI-driven insights to accelerate digital transformation and resilience.