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Prevalent Case Study

Euromoney Institutional Investor

Introduction

This case study of Euromoney Institutional Investor is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service.

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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:
    • Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
  • 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
    • Having no centralization of TPRM functions
  • Vendors evaluated before choosing Prevalent:
    • CyberGRX
    • OneTrust
    • SecurityScorecard
    • ServiceNow

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 more than 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: differentiated
    • Automated risk and compliance register: very differentiated
    • Create tasks, flags, and risks based on results of assessment responses in risk register: 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: 2-3 weeks
    • After deploying Prevalent: 1-2 weeks
  • Saved 1 day per assessment on average by utilizing the Prevalent Platform.

Company Profile

Company:
Euromoney Institutional Investor

Company Size:
Large Enterprise

Industry:
Media & Entertainment

About Prevalent

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

Learn More:

Prevalent

Source: Martyn Booth, Chief Security Officer, Euromoney Institutional Investor
Validated
  Published: Apr. 14, 2020   TVID: EE7-437-EB3




About This Data

This data was sourced directly from verified users of Prevalent by TechValidate.

TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


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