TechValidate Research on Prevalent

These pages present data that TechValidate has sourced via direct research with verified customers and users of Prevalent. TechValidate stands behind the authenticity of all published data. Learn more »



109 Customers Surveyed

802 Data Points Collected

79 Published TechFacts

15 Published Charts

50 Published Case Studies



Featured Research Collections for Prevalent

Curated collections and slideshows of TechValidate research data on Prevalent.



Selected Research Highlights


Prevalent Customer Research

Lack of Adequate Staffing Resources and Time Prevent Organizations from Completing More Assessments

Why was your organization not able to complete more assessments prior to utilizing Prevalent?

A lack of staffing
62%
Not enough time
46%
Limited team expertise
23%
A limited budget
15%
It wasn't a priority
15%
Other
23%

Prevalent Customer Testimonial

Prevalent reduced time

Chief Security Officer, Large Enterprise Professional Services Company

Prevalent Case Study

Large Enterprise Automotive & Transport Company

Introduction

This case study of a large enterprise automotive & transport 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.

“Helps enable quicker conversation between us and the vendor. Helps quantify the risk.”

Challenges

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

  • Challenges that deploying Prevalent or 3GRC 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
    • 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
    • Having no centralization of TPRM functions
    • An inconsistent methodology for vendor risk management

Use Case

  • Regulations or industry frameworks they must regularly report against:
  • 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:

  • 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)
    • Greater risk-based intelligence

Prevalent Customer Statistic

Prevalent Delivers Unmatched Risk Visibility

92% of surveyed IT organizations would agree that Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks.

92%

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:

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 Customer Research

Using Prevalent Accelerates Assessment Completion by 8 Days on Average

What was/is the typical turnaround time from assessment submission to receiving an adequately completed assessment?

1 day or less per assessment 2-5 days per assessment 6-10 days per assessment 11-20 days per assessment More than 20 days per assessment
Prior to using Prevalent

0%

0%

0%

25%

75%

Since using Prevalent

0%

8%

54%

38%

0%



More to Explore



About Prevalent

Prevalent is helping global organizations manage and monitor the security threats and risks associated with third and fourth-party vendors.

  Prevalent Website