Privva is proud to announce its two solutions, Privva Vendor Security Assessment and Privva AutoAssessTM have been recognized as Gold winners in the Vendor Risk Management and Security Assessment Management categories, respectively. The Cybersecurity Excellence Awards is an annual competition honoring individuals and companies that demonstrate excellence, innovation and leadership in information security. Privva Vendor Security Assessment solution has been awarded the Cybersecurity Excellence Award for best Vendor Risk Management product for the second consecutive year.
“Such recognition, especially for multiple products in the industry truly speaks to the level of innovation for which Privva is always striving,” said Ishan Girdhar, CEO of Privva. “Privva continues to be recognized for its efforts in meeting the needs of businesses in managing security risks related to transmitting and storing sensitive information with third-party vendors.”
Third-Party vendor risk continues to grow as cloud-service providers gain acceptance across enterprises. As cloud service providers become commonplace, so to does a firm’s responsibility to ensure their vendors are managing risk appropriately. Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a board-level initiative.
To Learn more about Privva’s award-winning solutions, please visit http://www.privva.com.
Privva is a cloud-based platform that streamlines the data security assessment process throughout value chain – reducing the time necessary to respond to client audits and enabling enterprises to easily implement their own vendor risk assessment process. Privva’s Vendor Security Assessment offering centralizes security questionnaires, risk ratings and scoring of responses for third-parties that have access to enterprise networks or sensitive data. Through the use of Privva’s workflow and templates, the time it takes to assess a vendor is reduced by 75% and annual recertification can be automated. Looking upstream, Privva’s AutoAssess uses machine learning technology to help automate the process of responding to client security assessments. The AutoAssess solution saves enterprises more than 90% of their time completing this process ensuring resources can be allocated to other critical functions of cybersecurity.