Question: I need a tool that helps evaluate the trustworthiness of business partners and vendors, can you suggest one?

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Panorays

If you're looking for a tool to assess the trustworthiness of business partners and vendors, Panorays is a notable option for a third-party cyber risk management platform. It offers real-time Risk DNA ratings and continuous supply chain scanning and monitoring. Features include actionable threat alerts, vendor self-guiding plans and AI-driven risk assessments, making it a good option for improving your third-party risk management and cybersecurity.

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ProcessUnity

Another good option is ProcessUnity, a single platform for third-party and cybersecurity risk management. It automates the entire risk lifecycle from onboarding to continuous monitoring with customizable workflows and a Universal Data Core for consolidating risk information. With customizable questionnaire templates, risk-based post-contract monitoring and integration with enterprise systems, it's a highly scalable and adaptable option for third-party risk management.

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Prevalent

Prevalent also offers a mature third-party risk management platform using AI and automation. It offers a single pane of glass for risk assessment and monitoring, covering a range of use cases including IT vendor risk management and supplier risk management. The platform includes due diligence collection and analysis, contextual risk reporting and risk remediation, making it a good option for risk management teams in industries like finance and healthcare.

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Whistic

If you want an AI-infused approach, check out Whistic, which automates vendor assessments and streamlines the process through its Trust Center for security and compliance documentation. With AI integration for task automation and a Frictionless Security Exchange for easy security posture sharing, Whistic can help reduce the likelihood of breaches and smooth the sales process.

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RiskRecon

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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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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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Bitsight

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Venturefy

Combines AI and user-generated content to create a trusted database of vetted corporate relationships, providing authoritative insights and risk assessments.

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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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OneTrust

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TrustArc

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Tenable

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Wolfia

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IBM Security Trusteer

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Netcraft

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Riskified

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Verisoul

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Varonis

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Axur

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Cybereason

Unifies multiple layers of protection, including NGAV, EDR, and MDR, to provide a unified view of malicious operations and automate response to attacks.

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EvaluationsHub

Automates customer and supplier health assessments, aggregating feedback from multiple sources to increase retention rates by up to 80%.

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Trellix

Empowers threat detection and response with AI-infused technologies, reducing time to detect and respond to ransomware attacks and improving security posture.