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Prevalent Non-Profit Customers

Read how customers in non-profits are benefiting from the Prevalent third-party risk management platform.

Prevalent Customer Testimonial

Prevalent Provides Automation & Visibility

Security risk management for subcontractors has improved significantly; Prevalent has reduced manual analysis & improved visibility.

— Chief Security Officer, Non Profit

Prevalent Case Study

Non-Profit

Introduction

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

“Security risk management for subcontractors has improved significantly; Prevalent has reduced manual analysis & improved visibility.”

Challenges

The business challenges that led the profiled organization 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 or solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- A lack of insights to make risk-based decisions
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
- Having no centralization of TPRM functions
Vendor evaluated before choosing Prevalent:
- AdaptiveGRC

Use Case

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

Results

The surveyed organization achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- In-solution communication with suppliers on remediating risks: differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: more than a month
- After deploying Prevalent: 2-3 weeks
Saved more than 1 week per assessment on average by utilizing the Prevalent Platform.

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