Prevalent Inc.Company DetailsContacthttps://www.prevalent.net/Articles & NewsAI/ARAn AI-Powered Virtual Third-Party Risk Advisor is HereSimilar to a banking or travel website chatbot, Alfred offers a guided user experience that provides contextual information to reduce the time typically required to analyze risk and make decisions, improving the quality of decision-making.Risk/ComplianceThird-Party Risk Management: Heavy on Regulations, Light on ResultsThird-party risk management efforts can deliver results. Make incremental progress toward improving third-party governance by taking these steps.Risk/ComplianceManual Processes Still Dominate Third-Party Risk Management Programs: StudyA majority of companies (71%) report that the top concern regarding the usage of third parties is a data breach or other security incident due to poor vendor security practices. However manual methods still persist.Risk/ComplianceSome Companies Still Lack Third-Party Incident Response ProgramsAs a result, 45% of respondents said they experienced a security incident in the last year, up from 21% in 2021.Risk/ComplianceStudy Reveals Few Companies Expanding Third-Party Risk Management Programs Despite Increasing ThreatsWhat’s more is, 44% of companies report not actively tracking supply chain risks.Request More InformationFill out the form below to request more information about Prevalent Inc.
