"Prevalent leads the way in developing a secure, scalable, and cost effective solution to solve your third-party risk management and monitoring issues," said Norman Menz, co-founder and CTO of Prevalent. With more than 200,000 vendors being monitored and managed by Prevalent Synapse, organizations can quickly start their third-party risk program, gain instant visibility into their vendor community, and actively monitor these risks over the life of the relationship. Prevalent Synapse is being used to support Global 2000 organizations as well as communities of peers in the legal, healthcare, mortgage, asset management, and higher education markets. Prevalent has led the way in developing a platform to reduce risk, reduce cost, and achieve real-time risk visibility to reduce external risks putting pressure on the business. Prevalent Synapse™ is a platform that includes Prevalent's threat intelligence monitoring, a vendor contributed assessment database, a leading risk management capability, and an ability to share information with other participants in the data supply chain to meet client and regulatory requirements. In addition, the process to understand and manage these risks is often being done manually - in legacy systems, with limited success - and too slowly for businesses to make better risk decisions. Up to 63% of all data breaches are now due to the actions of third parties that are processing data or have access to sensitive systems. WARREN, N.J. /PRNewswire/ - Prevalent, Inc., the leader in Third-Party Risk Assessment, Monitoring, and Collaboration, announced today it has closed a $60 Million Series C round led by private equity and venture capital firm Insight Venture Partners. The new capital will be used to fuel the company's continued global expansion and product innovation. Managing data risk in an outsourced world has become the major challenge for security, compliance, procurement, legal, and executive management.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |