Prevalent unifies the assessment, analysis and remediation of third-party cyber, privacy, reputational, and regulatory risks. Our third-party risk management platform delivers visibility at every stage of the supplier relationship, reducing the risk of reputational damage and business disruptions.

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Prevalent

Third-Party Risk Management covers the same set of risks as vendor or supplier risk management (financial, capacity, geo-political, natural, compliance and cyber risk) but extends beyond immediate vendors, to track and address failings or risks at any point in a supply chain.

Third Party Risk Management (TPRM)

From a cyber security perspective, more often than not, it is a supplier failing that is at the root cause of a cyber security breach.  Supply Chain or Third Party Cyber Risk Management enables visibility on how cyber resilient your suppliers are, where the risks are, and allows you to identify steps to mitigate those risks. 

Third Party risk management is essential for maintaining cyber security resilience.  

Supply Chain Cyber Risk Management

Supplier risk management is the process of knowing, tracking, responding to and mitigating supplier risk. A supplier becomes a risk when its ability to provide key services or products is impacted or fails due to financial issues, geopolitical events, natural disasters, cyber security breaches, capacity issues, or when its reputation is at stake due to failure to comply with sustainability/environmental, social and governance (ESG) requirements.