TrustArc is a security and privacy management service that provides solutions including 3d party risk management, Regulation compliance, risk compliance, IT and security, and Publishing and advertisements. Risk management solution provides continuous monitoring of aggregate and risks that could potentially happen due to data transfer into business systems, via third parties, and into company entities. TrustArc algorithm covers over 130+ countries’ laws and regulations to manage and identify the business risks and make an appropriate evaluation, calculate them, and deliver reports and insights.
It generates data flow maps to tell you where employee and customer data resides. The cookie laws implementation also gives you an insight into what type of data is collected, shared, and processed to reduce the privacy risk. TrustArc operations let you focus on your business objective rather than worrying about security and privacy issues.
#1 Logic gate Risk Management
Logic gate Risk Management is a company that provides 3rd party risk management, enterprise risk management, and IT risk management solutions. The solutions include Compliance management, Policy management, Data Privacy, Incident management, Regulatory compliance, Business continuity management, Issues management, and Audit management. Logic gate Risk Management is currently providing its services in the field of software, Tech companies, Telecom, Banking, Healthcare, Insurance, Investment, Medical Devices, and Pharmaceuticals.
With Logicgate Risk Management, you can transform your risk strategy from reactive to proactive. It saves you from cybersecurity threats that can enter your system via a phishing email, a remote laptop left logged in, or any unknown vulnerability. It also helps you identify those vulnerabilities that your system can get with the specific vendor so you can make better decisions based upon reputations. With the mitigation plan tracking, you can access a centralized risk dashboard where all the details of vendors and companies are shown. In short, this is a great tool to leave the security burden off your shoulders and focus on your actual tasks.
Foresite is a company that provides services related to cybersecurity and privacy management for your organization. It lets you focus on your business and actual objective rather than spending time on its security. It offers services in IT companies, educational departments, healthcare systems, Retail PCI, and Financial systems. The services include getting certifications and credentials from 3rd party vendors, Security testing and assessment, Compliance services, cybersecurity as a service, Security Device management, and Cyber threat intelligence.
Foresite provides an unparalleled approach to the visibility of your logs and the whole position of your security position. Watch your reports and analytics on the dashboard in real-time. All your assets and inventories are managed in one place. A critical threats tab shows vulnerable events and asks you to report any false positive. In short, you are in charge of security operations for your business.
Foresite’s cloud-based architecture is built with a tight security algorithm but with the flexibility of customizations. Review and manage security alerts, access the company’s database, and patch the loophole created from some ransomware attack.
CyberGRX is a third-party risk management service that provides cybersecurity solutions for your company. Rather than worrying about vendors’ security and reputation while signing a deal with them, you can avail CyberGRX services to let them manage all your security-related operations. Those operations not only include checking the authenticity and certifications of new vendors but also save your company from vulnerable threats and possible cyber-attacks that can harm your systems. Vendor assessment without any hassle saves you a lot of time and helps you in making decisions.
Centralized risk assessment exchange lets you gather information from a pool of organizations and vendors where you can get every company’s reputation and performance certifications. Compare their benchmarks, create a strategic decision, and feel confident in working with vendors. You can also share your details to get hired as a 3rd party. All in all, CyberGRX saves you from collecting data and lets you deal with the actual objective, which ultimately increases your productivity.
#4 Prevalent ThirdParty Risk Management
Prevalent ThirdParty Risk Management is an online service that offers cyber-attack security risk management for your company. In a modern-day world where cyber-attacks are common, it tries to pre-estimate them and warns you about all possible threats and vulnerabilities that you can get from 3rd party. Manually collecting all the previous security and reputation records of 3rd party and vendors is a time-consuming and hectic process; Prevalent ThirdParty Risk Management will do it for you in no time.
With the pool of databases of all major companies, it brings you certifications and credentials required to make a deal signing decision. Prevalent measures not only external but also internal controls that you cannot measure manually.
Its cloud-based solution combines automation and standardization to assess vendor risk and monitor the vulnerability. It works in a centralized environment where all the companies who want to get 3rd party data also have to enter their own. This collaboration strengthens the vendor’s relationships.
#5 Gatekeeper Vendor Management
Gatekeeper Vendor Management is software that allows you to manage the security and risk related to the 3rd party vendors. It provides a centralized data record of all business vendors, such as their security and reputation info, key info like certificates and credentials. Features of this software are Branded Vendor Portal for easy and seamless onboarding, Identify, analyze and decide between the list of vendors that seems authentic and best for your budget right into the app.
It reduces the cost of hiring a team for checking on validity and collecting data of vendors when all this can be done in few minutes. You can have some degree of control to find the specific info and review it manually. All the data and records are auditable, which means the data is centralized, and any company can see other vendor’s data easily.
Gatekeeper Vendor Management service is for those companies which are aiming to standardize their process control and cost control across all departments, companies that require compliance for vendors, and companies who are looking for a better relationship with vendors by cross-sharing of the necessary information.
#6 UpGuard Vendor Risk
UpGuard Vendor Risk is an online service that aims to provide third-party risk management for companies. It saves all the company’s sensitive data and saves you from security breaches or system attacks. UpGuard collects the vendor’s information, including public records, reputations, certifications, monitors them continuously, automates a query related to the security with built-in questionnaire tools, and sends it to the vendor. It calculates six types of risks, i.e., website risks, email security, phishing and malware, network security, brand protection, and reputation.
The dashboard shows real-time data collected from a pool of vendor’s information. UpGuard Vendor Risk lets you concentrate on your objectives rather than writing emails, creating spreadsheets and emails for risk assessment. It is aimed at IT companies, organizations with sensitive data, and those companies who outsource projects more often with a wide range of security risks related to 3rd parties.
OneTrust is an online service company that provides third-party risk management solutions for IT and businesses. Most companies rely on 3rd parties to perform critical business operations, which pose many threats. It searches and gives you critical information from a pool of more than 60k vendors with inherent risk insights on the dashboard. If you are not satisfied with the standard risk assessment, you can create a custom assessment with built-in templates for questionnaires. Scan website, auto-categorize third-party trackers and comply with ePrivacy laws with their Cookie compliance feature.
With the AI-powered system, match the answers of the questionnaire with the security certificates of vendors to cross-check the authenticity. Other features include Data mapping, Data discovery, Privacy rights, Data Redaction, Targeted Data Discovery, CCPA Toll-Free, Incident management, Policy and Notice management, Data Guidance Research, Awareness Training, and Benchmarking every vendor to choose between them.
#8 Lockpath ThirdParty Risk Management
Lockpath ThirdParty Risk Management is an online service aimed at companies managing their security and vendors’ risk operations. Even if your company is following the standards and complying with the laws and regulations, the security risks still persist. Lockpath ThirdParty Risk Management take care of all your outsourcing risks assessment. You have access to the centralized information of all vendors and companies to view and analyze the data manually.
Real-time insights let you implement any activity within no time. Role-based reporting is also available on the dashboard with all meaningful information access to multiple audiences, including upper authorities. In short, Lockpath ThirdParty Risk Management increases your time and cost by cutting most of the manual security operations and concentrate on your real objective, which ultimately increases your productivity.
3rdRisk is a management service that provides solutions related to 3rd party risk. It allows you to focus on developing and securing your business without compromising the time and effort. Manage all the supplier’s risks by setting up regulatory requirements and compliance activities. Build trust from the vendor by cross-sharing each other’s necessary documents and shared requirements related to business. One outstanding feature of 3rd party risk management is that it supports multiple organizational structures like functional, divisional, flat, team-based, and decentralized structures in one place.
You can customize the risk assessment and choose between multiple options, including regulations, sustainability, certifications, quality, and cybersecurity standards. Make questionnaires, inspect and make audits and decide on the basis of reputation scores to make the best decision for your company. All in all 3rd party risk management eliminates the hassle of manually collecting the data and making spreadsheets for assessments and shows the vendor’s profiles in a graphical way.
#10 Bwise Vendor Risk Management
Bwise Vendor Risk Management service allows your organization to calculate and optimize your vendor’s security and risks. Bwise enables organizations to centralize vendor’s data and facilitate the risk management process. The software lets you configure the dashboards and vendor’s reports without any coding or configuration. A benchmarking system lets you choose your priority about the 3rd party certificates and display the aggregate results based on your interests. This allows you to efficiently decide which company to hire for your projects.
Real-time synopsis of information makes you clear about the relevant vendor variables, including vendor assessment, risk ratings, regulatory impacts, SLAs, and process flow management. Internal audits save you from future attacks and allow you to make better decisions on the company’s objective.
Vendict is a company that provides solutions for third-party risk management. If you want to hire a third-party company for a project or signing a deal with a vendor, Vendict takes the responsibility to validate the authenticity of that vendor or 3rd party company. It saves you a ton of time searching through the documents, certificates, business info, portfolio, and reputation of a company. You can vet vendors at business speed and acknowledging all possibilities of vendor’s risks. You can check compliance and privacy insights that include ISO, SOS, PCI certifications, policies about GDPR, law infringement fines, and related regulatory sanctions.
ComplyScore is an online service that provides management solutions related to 3rd part risk. It saves you from remote access security breaches, risky vendors integration and warns you about possible loopholes through which others can get access to your systems. Comply Score’s vendor management system ensures vendor’s compliance with regulatory and requirements while reducing the cost of manual operations and decreased complexity.
ComplyScore eliminates the need to send emails and questionnaires to the vendors but enables the profile-based targeted assessments. It provides a full audit of the company with authentic documentation and certifications that are shown on the dashboard. Digital Audit system benefits you by reducing turnaround time, save traveling, food, and residence costs.
Another feature called Cyber score analyzes the 3rd party’s digital footprint in the internet world and provides a cyber risk score. Prioritize from the list of vendors based on the cybersecurity score. All in all, it is a great service for IT companies that are heavily relying on outsourcing their projects to vendors.
DataGrail is a management company that provides privacy and security management solutions. In the world of constantly updating security regulations like GDPR, CCPA, SB220, DataGrail takes the responsibility of removing complicated compliance processes in an easy way. DataGrail’s pre-built integrations and data link connectors make it easy for you to identify the personal and sensitive data in your system. Live data map constantly updates the system application’s inventory and monitors the data map, which shows the systems and flows between them.
It removes the hassle of manual interviews, surveys and documentation. The computer-generated privacy requests also eliminate human error and risks by collecting data from a pool of thousands of companies. Select between what to include in the compliance and what not. An outstanding advantage of DataGrail is that it supports integration with 900+ major cloud apps, including Dropbox, Shopify, Amazon, and Stripe, which get easy onboarding, accurate data discovery, and real-time maintenance.
#14 Secure Privacy
Secure Privacy is an online service that provides solutions for websites related to the registration of Cookie law. It basically registers the website and integrates the cookie system that is required to the legislation of the site. The legislation gets permission from website visitors to ask for consent whether they allow a website to collect their data for stats and advertisers or not. The service includes cookie consent, cookie monitoring, and cookie control access to the data privacy laws.
Secure Privacy provides three types of cookie law registration. One is GDPR that makes your website compliant with Europe’s data privacy laws. The second one is California’s privacy act CCPA, and the third one is LGPD, i.e., General Data Protection Law in Brazil. It takes consent from the user, allows them to manage the data collection preferences, and exports a log of collected data on the dashboard that will help advertisers to run relevant content.
It readily updates the privacy laws in its terms and conditions, so you do not need to keep an eye on this operation. Secure Privacy has integration support for all major websites, including WordPress, Shopify, Squarespace, Weebly, and many more.
RiskReconis a 3rd party management service that provides action plan solutions for vendor’s risk and security issues. RiskRecon provides its services in Healthcare systems, the IT industry, Banking, Insurance, and defense systems. It allows you to assess third-party risk performance in no time with its transparency and context-based insights of vendor information. You will gain full knowledge of the company’s certification and legalization for authenticity, which allows you to establish an idea of potential risks associated with the integration, signing a deal, or even outsourcing a project to them.
Use its cybersecurity tool to get the risk associated with cyber-attack possibilities. It considers your company’s security criteria, documentation, legalization, web encryption, email security, and security loophole identification. One major toolkit of RiskRecon is the Amazon AWS assessment that will solely protect your system by giving you every vendor’s details and security info. Eventually, it eliminates the hassle of manually document all of them and focus on your business.
#16 SaiGlobal SAI360
SaiGlobal SAI360 platform is a 3rd party risk management and assessment solution for companies to perform secure business with other vendors. Cloud-based tools and services are available anywhere and at any time. Its ready-to-use security features provide you analytics that not only saves time but a huge chunk of manual documentation cost too.
The dashboard shows the cyber core, average risk index percentage, Best and worst Cybersec scores, along with the Vendor rating chart to help you decide if the vendor is best for your business or not. It also gives you a list of vendors from the same categories to help you decide between the most secure and cost-effective company, which allows you to focus solely on your business rather than having concerns about the vendor’s reputation and legalization.
You can customize the setting by lowering the risk factor, changing location from a map, and adding a manual questionnaire in the data analytics. The data can be visualized in the form of charts, bars, spreadsheets, graphs, and many other interactive methods.
SureCloud is a company that provides GRC (Governance Risk and Compliance) software solutions, Cybersecurity, and Risk advisory services. The services are cloud-based, which ensures the 24/7 availability of risk management. It helps you to make better decisions and achieve required business goals. With Vendor Risk management, you can create a centralized register of third-party companies and extract all the legalization, regulation, and certification documents in one place. It helps you evaluate the performance of every vendor and select them on the basis of your priority.
SureCloud’s Data Privacy Solution moves you from manual data entries, spreadsheets, and documentation to more advanced data and process mapping. SureCloud automates and streamlines important privacy-related processes and activities, integrates your data privacy program with risk management processes, and gets real-time status updates across your compliance program on the dashboard.
#18 EC-Council Vendor Risk Management
EC-Council Vendor Risk Management is a service that offers risk and security management service from the 3rd party companies. It is aimed at the companies that hire 3rd party vendors to outsource their projects. This outsourcing saves the cost and quality of service but comes with security risks. EC-Council Vendor Risk Management plays a role in checking up the companies by authenticating certifications, past reputations among other companies, documents, and additional information via assessment. They also offer a manual questionnaire in the evaluation if you want some specific info.
It mitigates all the possible risks, contract-based breach, and service quality. Other potential hazards include cyber-attacks that can happen if a new device is logged into the network or a security loophole. It recommends a list of vendors with the selection criteria based on criticality. It collects data from different vendor repositories that allow an internal audit of the system.
#19 Kissflow Vendor Management
Kissflow Vendor Management is a service that evaluates vendor’s risk, integrate them in your system, and engage with them. It makes vendor onboarding in the system very easy and quickly without having to collect certifications and go through all of them. Retrieve and verify vendor data, including business reports, credit and financial risk data. Save your time with Kissflow Vendor Management’s multilingual catalogs that give you vendor’s status if the verification is in process or completed.
A performance scorecard allows you to rate vendors based on key performance metrics like delivery quality, policy compliance, timeliness, response time, and vendor lead time. Vendors also get the flexibility to update their info, including orders and payments. With the real-time collaborating ecosystem, you can instantly accept payment receipts, return orders, and inventory notices. You have access to all the vendor’s payment information, contracts, PR’s and POs in one place.
#20 Black Kite risk management
Black Kite risk management is a Cyber risk rating platform that provides you all potential threats and risks while doing business with 3rd parties. With the vast integration of vendor’s assessment, questionnaires, and process workflows, this service saves your time and cost in spending hours of documentation and manual assessments. Black Kite risk management is aimed to provide full visibility into the vendor’s cybersecurity position with open-source intelligence tools and techniques. It continuously updates its system with databases, reputation sites, cyber events, hacker shares, and vulnerabilities to ensure up-to-date security.
The AI-based grading system, on the basis of risks, allows you to decide which vendor is best for your business. Other grading categories include Safeguard, Privacy, Resiliency, and reputation. With the Black Kite Ticketing system, you can automate your workflow and assign tasks on autopilot that will assign them to vendors based on the risk rating. Black Kite risk management also checks for the regulations, including ISO27001, GDPR, HIPAA, etc.