Prevalent: Prevalent G500 Customers

Prevalent Customer Testimonial

Prevalent Provides Visibility into Third-Party Risks

Prevalent gave us the ability to understand the cybersecurity dangers to our company data, employees, and patients.

— IT Systems Analyst, Global 500 Pharmaceuticals Company

Prevalent Customer Testimonial

Prevalent Delivers an Easy-to-Use Solution for Simplifying Vendor Risk Management

Very positive impact. Speeded up assessments. Nice for the eye. Good reporting and nice dashboards.

— Security Officer, S&P 500 Pharmaceuticals Company

Prevalent Customer Testimonial

Prevalent Delivers Consistency & Focus

It has automated and brought consistency to the initial onboarding of all Third Parties, which has allowed the team to focus on what matters.

— Chief Security Officer, Global 500 Retail Company

Prevalent Case Study

Global 500 Insurance Company

Introduction

This case study of a Global 500 insurance company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top driver for purchasing their Prevalent third-party risk management solution:
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
Vendors evaluated before choosing Prevalent:
- BitSight
- Dell RSA Archer
- OneTrust
- SecurityScorecard
- ServiceNow

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- ISO 27001

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Assessment scheduling and automated chasing reminders: very differentiated
- Automated risk and compliance register: very differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: very differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: very differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: 3-4 weeks
- After deploying Prevalent: 2-3 weeks

Prevalent Case Study

Global 500 Pharmaceuticals Company

Introduction

This case study of a Global 500 pharmaceuticals company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Prevalent gave us the ability to understand the cybersecurity dangers to our company data, employees, and patients.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Compliance – reporting against specific regulatory or industry framework requirements
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
- Greater risk-based intelligence
Challenges that deploying Prevalent solved for their organization:
- A lack of guidance in addressing industry standards or third-party regulatory compliance requirements for cyber risk, InfoSec, or data privacy
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
- An inconsistent methodology for vendor risk management
Vendors evaluated before choosing Prevalent:
- OneTrust
- ServiceNow

Use Case

Looking to grow the number of vendors they assess in the next 12 months by 11-25%.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Assessment scheduling and automated chasing reminders: very differentiated
- Automated risk and compliance register: very differentiated
- Centralized document/evidence management: very differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: very highly differentiated
- In-solution communication with suppliers on remediating risks: very differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: more than a month
- After deploying Prevalent: 1-2 weeks
Saved more than 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

S&P 500 Pharmaceuticals Company

Introduction

This case study of an S&P 500 pharmaceuticals company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Very positive impact. Speeded up assessments. Nice for the eye. Good reporting and nice dashboards.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
- Having no centralization of TPRM functions
- An inconsistent methodology for vendor risk management

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- HIPAA
- ISO 27001
- NIST 800-53
Looking to grow the number of vendors they assess in the next 12 months by 0-10%.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: very highly differentiated
- Assessment scheduling and automated chasing reminders: very differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: very highly differentiated
- In-solution communication with suppliers on remediating risks: very differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: very highly differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: very highly differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: 3-4 weeks
- After deploying Prevalent: 1-2 weeks
Saved about 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Global 500 Retail Company

Introduction

This case study of a Global 500 retail company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“It has automated and brought consistency to the initial onboarding of all Third Parties, which has allowed the team to focus on what matters.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
- An inconsistent methodology for vendor risk management
Vendor evaluated before choosing Prevalent:
- Synergi

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- ISO 27001
- PCI
Looking to grow the number of vendors they assess in the next 12 months by 11-25%.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Centralized document/evidence management: differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: 1-2 weeks
- After deploying Prevalent: less than 1 week
Saved about 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent Customer Testimonial

Prevalent Delivers Consistent Risk Reporting

We have risk reporting on time when we need to report to the authorities. Consistent reporting metrics is another key benefit.

— Financial Analyst, S&P 500 Financial Services Company

Prevalent Case Study

S&P 500 Financial Services Company

Introduction

This case study of an S&P 500 financial services company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“We have risk reporting on time when we need to report to the authorities. Consistent reporting metrics is another key benefit.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Compliance – reporting against specific regulatory or industry framework requirements
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
- Greater risk-based intelligence
Challenges that deploying Prevalent solved for their organization:
- A limited ability to continuously monitor vendors
- A lack of guidance in addressing industry standards or third-party regulatory compliance requirements for cyber risk, InfoSec, or data privacy
- An inconsistent methodology for vendor risk management

Use Case

The key features and functionalities of Prevalent that the surveyed company uses:

Regulations or industry frameworks they must regularly report against:
- GDPR
- HIPAA
- ISO 27001
- PCI

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: very differentiated
- Assessment scheduling and automated chasing reminders: very differentiated
- Automated risk and compliance register: very differentiated
- Centralized document/evidence management: very differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: very differentiated
- Identify key controls and apply reporting to the most critical relevant risks: very differentiated
- In-solution communication with suppliers on remediating risks: very differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: very differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: very differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: very differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: very differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: more than a month
- After deploying Prevalent: 2-3 weeks
Saved about 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent G500 Customers

Read how some of the largest companies in the world, the G500, are benefiting from the Prevalent third-party risk management platform.

Prevalent Provides Visibility into Third-Party Risks

Prevalent Delivers an Easy-to-Use Solution for Simplifying Vendor Risk Management

Prevalent Delivers Consistency & Focus

Global 500 Insurance Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Global 500 Pharmaceuticals Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

S&P 500 Pharmaceuticals Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Global 500 Retail Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Prevalent Delivers Consistent Risk Reporting

S&P 500 Financial Services Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent