Question: Can you recommend a tool that automates vendor risk assessments and streamlines the process for InfoSec teams?

If you need a tool to automate vendor risk assessments and make the process easier for InfoSec teams, Panorays is a good choice. Panorays provides a third-party cyber risk management platform that assigns real-time Risk DNA ratings and can automatically adapt security settings. Features include continuous supply chain detection and monitoring, actionable threat alerts, and AI-driven questionnaire validation. The platform can help teams save 30% of their time and get a 98% third-party response rate, so it's a good fit for companies looking to improve their third-party risk management.

Another good option is Prevalent, which uses AI and automation to assess and mitigate security risks from vendors and suppliers. Prevalent provides a unified view of risk assessment and monitoring, and it works in a variety of industries, including finance, healthcare and insurance. The platform also includes due diligence collection and analysis, contextual risk reporting and support for a broad range of vendors through its Third-Party Marketplace, so teams aren't bogged down with manual risk assessment and analysis.

Whistic is another good option for automating vendor assessments and making the process easier. Its AI-powered platform includes automated vendor assessments, a centralized Trust Center and a Network Exchange for efficient information sharing. With more than 40 questionnaires and frameworks, Whistic helps reduce the likelihood of breaches and smooths the sales process, making it a good option for companies that want to modernize their third-party risk assessment.

Finally, ProcessUnity is a single platform for third-party risk and cybersecurity risk management. It automates the risk lifecycle from onboarding to continuous monitoring, with a customizable workflow platform and AI-powered tools. ProcessUnity also includes vendor onboarding, assessments and monitoring with customizable questionnaire templates and risk-based post-contract monitoring, so it's a customizable and powerful option for InfoSec teams.