WARREN, NJ -- Prevalent, Inc. launches its Third-Party Risk, Collaborative Assessment, and Threat Intelligence Monitoring Software-as-a-Service platform designed for 'Smarter' risk management. Based on Version 4.0 of Prevalent's award-winning Vendor Risk Manager (VRM) technology, Prevalent Synapse™ delivers on the promise of next generation integrated capabilities of the company's VRM and Vendor Threat Monitor (VTM) platforms; now integrated and enabling virtually any form of Collaborative Assessment, data supply chain, and associated workflows.
The Prevalent Synapse Architecture enables smarter risk management by providing the first of its kind Collaborative Assessment Vault that is fed by a Contributory Assessment Database, enabling both contributors and consumers to pass threat and risk intelligence information to another entity, securely and efficiently. This architecture helps organizations across all industries reduce risk and cost in a shared assessment model, leveraging standardized content, automation, and threat intelligence.
In addition to the newly architected and tightly integrated VRM/VTM platform, Prevalent has introduced new advanced components to VRM that enable this revolutionary collaborative assessment architecture:
•Services Framing – a highly configurable means for any organization to tailor their definitions of inherent risk determination based on virtually any number of business relationships and dimensions. This is a key cornerstone to enabling a collaborative set of raw risk assessment and threat intelligence data to be translated into a uniquely defined risk score, based on the business relationship between the two entities.
•Recommendation Library – a workflow and knowledgebase combined to provide a consistent treatment for findings and risks across the organization based on industry frameworks for remediation in areas where deficiencies or insufficient controls are identified in the risk assessment and threat analysis process.
•Shared Portal – the core of the collaboration engine; the shared portal enables the Many-To-Any collaboration, securely and with source authorization and control.