WASHINGTON--(BUSINESS WIRE)--Gartner Summit/Booth #1026 –– Prevalent, the third-party risk and vendor threat intelligence innovators, today announced vendor threat management technology as a “must have” solution for data-driven businesses of all sizes.
“Third-party data breaches, threats and vulnerabilities are rising and putting tremendous pressure and responsibility on CIOs and IT professionals tasked with securing organizational information,” says Norman Menz, CTO and Co-Founder, Prevalent. “As such, third-party risk management is a must-have technology for data-driven businesses – not only for compliance and regulatory purposes but to provide true visibility into the risk posture of an organization's partners and to create a shared understanding of gaps that should be resolved to effectively reduce risk.”
The increasing need for third-party vendor threat management technology has made it a priority for CIOs and IT professionals, and caught the attention of industry-leading analysts at Gartner, who recently announced plans to introduce a Magic Quadrant for next-generation Vendor Risk Management.1
To demonstrate how businesses can proactively address third-party security threats, Prevalent is showcasing its Vendor Threat Monitor™(VTM) vendor threat intelligence platform, along with its Vendor Risk Manager® (VRM) solution at this week’s Gartner Security & Risk Management Summit 2014 in Maryland. These industry-leading technologies allow organizations and IT professionals to continuously and proactively monitor key threat vectors from third-party providers.
The combination of Prevalent VTM and Prevalent VRM goes beyond point-in-time assessments by providing organizations with continuous monitoring and automated alerts of third-party risks and threats. This “real-time” risk and assessment helps enterprises adhere to industry compliance requirements and provides peace-of-mind by proactively identifying potential third-party risks before they become legal liabilities to the business. These best-in-class, cloud-based technologies help businesses automate, manage and monitor third- and fourth-party vendors with greater ease, efficiency and coverage across any number of vendor relationships.
“The time is now for businesses to get serious about third-party vendor risk management,” says Jonathan Dambrot, CEO and Co-Founder, Prevalent. “The stakes are high and the risks are everywhere and anywhere. Without the right technologies and monitoring services, businesses are open to catastrophic and costly data breaches.”
Attendees at Gartner Security & Risk Management Summit can learn more about Prevalent VTM and VRM at booth #1026. More information about Prevalent can be found at www.prevalent.net.
Prevalent is a vendor risk management and cyber threat intelligence innovator with a reputation for developing cutting-edge technologies and highly-automated services that are proven to help organizations reduce, manage and monitor the security threats and risks associated with third-party vendors and the data supply chain. www.prevalent.net
1”Gartner Resets Approach to GRC,” Paul Proctor, Gartner, Inc., February 3, 2014.