Prevalent State & Local Government

TechValidate Customer Research Library / Prevalent / Case Studies /

Prevalent Case Study

State & Local Government

Introduction

This case study of a state & local government is based on a July 2021 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled organization asked to have their name blinded to protect their confidentiality.

“It gives an accurate and measurable look at our vendors from a 3rd party risk management view.”

Challenges

Their primary vendor risk assessment pain points were:
- Cost

Use Case

Currently assessing their vendors for the following:
- Cybersecurity
- Data Privacy
- Ethics

Results

Level of agreement:
- Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: strongly agree
- Prevalent provides the real-time cybersecurity, reputational and financial intelligence they need: agree
- Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: agree
Prevalent is critical on the following vendor lifecycle stages:
- Sourcing and selection of vendors: important
- Intake and vendor onboarding: important
- Scoring inherent risks: critical
- Assessing vendors and remediating risks: essential
- Continuously monitoring for vendor cybersecurity, reputational and financial risks: critical
- Managing ongoing vendor performance and SLAs: very Important
- Offboarding and termination of vendors: very Important
Level of agreement:
- Prevalent allows us to do our job more effectively: agree
- Prevalent’s vendor risk assessment process is invaluable to our group: agree
- Prevalent reduced the time and complexity required to perform vendor risk assessments: agree

TechValidate Research on Prevalent

State & Local Government

Introduction

Challenges

Use Case

Results

Organization Profile

About Prevalent

About This Data