18th August, 2022
TABLE OF CONTENTS
Onboarding vendors seem to be easy, but there are a lot of criteria associated with it before finalizing the vendor. One of the main criteria is the vendor's security and privacy assessments.
The assessments include reviewing and scoring a vendor’s cybersecurity policies, documentation, results of recent audits, certifications, and legal agreements on how sensitive or personally identifying data will be accessed, used, processed, or sold as defined by data privacy laws such as the GDPR or CCPA.
Vendor security and privacy assessment software help companies manage cybersecurity and privacy risk assessment processes. It assists in identifying, evaluating, and regularly reevaluating the vendors. It gives you an understanding of your business's privacy and cybersecurity risk.
In this post, we’ll discuss 12 vendor security and privacy tools to help the IT procurement and security team make strategic decisions on onboarding vendors.
Zluri, a SaaS management platform, allows you to manage vendors and make sure that the vendors are secured and compliant with ISO 27001, SOC 2, GDPR, etc. We help you maintain compliance and make you audit-ready.
It helps you get alerts when any risky SaaS vendor enters your SaaS environment. We block or terminate them and prevent your organization from any non-compliance act.
With SaaS vendor management, you can track usage, implement governance, become proactive, make data-based decisions with renewals, and keep monitoring the inventories of all your vendors. Zluri will help you stay on top of your SaaS purchases and allow continuous improvements and constant vendor monitoring to mitigate the risks.
Zluri keeps you aware of the threat levels, risk levels, risk score, and all other security and compliance visibility required for an organization before any vendor onboarding.
Zluri keeps you updated on the recent events that affect the security or compliance of the app.
Zluri shows the threat level for each app based on what kind of company data is shared with the app. For example, if it is just the email address, which is not very sensitive info, it will mark a threat level of 1 or 2. On the other hand, if your customer info is shared, which is confidential, the threat level will be 3, 4, or 5.
The other factor, Zluri considers when assigning a threat level to these apps is what kind of permission they have. Permission to delete or modify the data (threat level 4 or 5) is considered riskier than just having read access (threat level 3).
Zluri also gives you information about the compliance status of all your SaaS apps.
Scrut is an automation platform that monitors and collects evidence of a vendor's security controls. It helps streamline compliance to ensure a smooth audit process.
It brings ISO 27001, SOC 2, GDPR, PCI DSS, CCPA, and HIPAA compliance into a single platform. It helps you get real-time monitoring and updates to ensure controls are fully operational.
It can create custom reports to share with you and track and review reports of your vendors at any time.
Additionally, it monitors infrastructure, applications, and data across hybrid and multi-cloud environments. It handles all the infosec compliance standards and internal SOPs in a single-window dashboard. Scrut automatically maps the evidence to applicable clauses across multiple standards while eliminating redundant and repetitive tasks.
RFP360, an RFP10 company, takes care of the complete RFx process that includes collecting insights, evaluating proposals, and working with colleagues and vendors in a single digital workspace.
Their vendor risk assessment solution helps the IT security team to monitor continuously, simplify assessments, and mitigate the vendor's risk. It creates a vendor's risk assessment by importing a questionnaire or reusing a template.
It helps in improving the engagement by issuing a series of streamlined digital requests like RFI, RFP, and vendor risk assessment and leverages the scoring process, and helps you evaluate the vendors.
It offers deeper insights into vendors' security approaches with consolidated reporting and responses collected during vendor risk assessment.
Loopio is an RFP response software that streamlines your RFP process. It centralizes your RFP content and automates the response process for RFI, RFP, security questionnaire, and more.
Their security questionnaire solutions automate the answering security-related questions to your IT security team. It creates a review process and tracks all responses on a single platform. It improves the internal collaboration between procurement and security teams.
It enables the IT security team to get clarity on the vendor and helps them in evaluating the vendors and choosing the right vendor that offers secured and compliant services.
Drata is a security and compliance automation platform that monitors and collects evidence of the vendor's security controls. It helps streamline the compliance workflows to ensure audit readiness.
It offers integrations with your SaaS vendors and brings compliance status in a single platform. It gives you complete visibility into your vendor's compliance status and control across their security program.
Drata's automated system monitors the compliance status of the vendors automatically, and similarly, the evidence is collected. It helps you gain visibility into your vendor's security posture and control over their compliance.
Drata's supported frameworks include SOC 2, ISO 27001, HIPAA, GDPR, PCI DSS, CCPA, ISO 27701, Microsoft SSPA, NIST CSF, and NIST 800-171.
OneTrust offers a privacy and data governance cloud platform. It delivers regulatory compliance, proactive risk management, and trusted data use across the vendor. It helps you gain visibility into unknown risks to drive mitigation and risk-based decision-making.
OneTrust also offers a GRC and security assurance cloud platform. It helps you understand the vendor’s scale of risk and security functions and help your company stay compliant. It maps, measures, and measures IT and security risks to scale risk management programs.
Ncontracts offers vendor management solutions that can monitor their financial status, continuity plans, information security, and compliance. It gives you a full view and protects your organization from cyber-attacks, regulatory fines, and costly downtime.
It provides controls for various dimensions of vendor risks that include cybersecurity, compliance, and more. It also measures the consequences of risk, such as data breaches and bankruptcy.
It has numerous features to help your organization to decrease risk and increase compliance when dealing with vendors while reducing internal costs and time-related to vendor management. It monitors, reviews, and identifies risks in real time and provides relevant data on vendor risk.
Whistic vendor security assessment platform accelerates the vendor assessment process by enabling IT procurement and security teams' to access and evaluate the vendor's profile.
It helps you gain access to the security documentation, certifications, and audits of vendors. It assists you in assessing the vendors before the onboarding process.
It maintains control of the security information by expiring access, keeping an audit trail, and more. It makes you alert on the vendor’s profile, security, and compliance and makes you ready for audit.
Vanta automates compliance and simply securities. It helps your organization to scale its security practices and meet compliance requirements. It includes compliance standards like SOC 2, HIPAA, ISO 27001, PCI DSS, etc.
It has integrations with cloud services, identity providers, task trackers, and more to automatically collect evidence for your security alerts. It makes sure that you are dealing with the right vendor and is compliant with the standards.
Tugboat Logic’s vendor risk management assesses and audits the security posture of your vendors. It makes sure that when you are dealing with any vendor, they meet the infosec standards.
It provides a single platform to understand the security of your vendors. It offers a security questionnaire template. Also, you can compare the responses from different vendors and can opt for the lowest risk vendor.
And all the responses from chosen vendors are stored in the Tugboat Logic platform as proof of compliance for audit purposes.
UpGuard Vendor Risk monitors and assesses your vendors' security posture. It tracks their performance over time and compares them against industry standards.
The security platform keeps you always up to date and grouped risks into six categories that include website risks, email security, network security, phishing and malware, reputation risk, and brand protection.
It accelerates your assessment process by using UpGuard’s pre-built questionnaire tools. It offers a risk dashboard to simplify and accelerate your vendor selection process by using real-time data.
Very Good Security or VGS control leverages your business to solve compliance and regulatory overheads so that you can focus on growing your business and running it smoothly. It accelerates compliances such as SOC 2 and PCI.
It provides a translation layer between tech stacks and compliance controls so that you can have the smooth onboarding of your vendor without worrying about compliance standards.
It helps you gain visibility into your entire tech stack with directives to remediate and meet compliance.
Zluri APIs can be called from internal and external applications to create a bridge that helps assign licenses, manage contracts, and a lot more!
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Imagine a scenario where a vendor's software system experiences a sudden crash, causing significant disruption to your organization's operations.