Optiv Security Launches Technology-Enabled Third-Party Risk Managed Service; Offers Industry’s First & Only Holistic Third-...
September 13 2016 - 2:05PM
Business Wire
Enables Companies to Better Manage Entire
Vendor, Supplier and Business Associate Risk Management Lifecycles,
Improving Compliance and Risk Management
Optiv Security, a market-leading provider of end-to-end cyber
security solutions, today announced the general availability of its
technology-enabled third-party risk managed service. Leveraging
Optiv’s proven Software-as-a-Service based third-party risk
management platform, Evantix, this service enables companies to
better manage the complete third-party risk management lifecycle,
resulting in improved compliance and risk management. The addition
of this offering to Optiv’s suite of services makes Optiv the first
and only company to offer a holistic solution that can help
organizations better plan, develop and manage all aspects of their
third-party risk management programs, including vendors, suppliers
and business associates.
Optiv’s third-party risk managed service handles the process and
reporting required for clients to determine the inherent risk,
assess the controls and drive remediation with their vendors and
partners. Optiv delivers this service through consultants with
extensive expertise in building third-party risk programs and
performing third-party risk assessments combined with the Evantix
SaaS platform, currently in its fourth generation. This powerful
technology solution includes standardized, on-demand risk score
reports and customizable scoring technology to provide corporate
risk managers and IT security professionals with quick, accurate
and cost-effective visibility into the potential risk associated
with outside service providers. Optiv’s innovative approach
leveraging people, process and technology to deliver its
third-party risk managed service helps companies better manage the
entire third-party risk management lifecycle, which includes due
diligence, assessment, validation and remediation.
“Organizations are increasingly turning to third parties to
perform key business functions. That brings an increased risk of
exposure to businesses as most companies lack visibility into where
their data is stored or how it is handled by a third party,” said
Tim Hoffman, executive vice president of client solutions for
Optiv. “Today’s businesses require strong third-party risk plans
that extend beyond traditional IT, yet most lack the necessary
resources to create and execute on those plans. Optiv has the
capabilities to help clients address and manage their vendor and
partner risk through a comprehensive approach that includes people,
process and technology.”
“The Optiv third-party risk managed service provides clients
with a method to automate processes and reduce their staff’s major
workload related to tracking and assessing the organization’s
vendors and partners,” said James Christiansen, vice president of
information risk management for Optiv. “Also, our Evantix
platform’s advanced analytics provides third-party risk
intelligence information to help clients make informed and
consistent risk decisions related to vendor, supplier and business
associate relationships.”
Optiv’s comprehensive suite of third-party risk management
offerings help organizations understand the breadth of third
parties in their environment, categorize relationships by risk to
the organization, conduct risk assessments aligned to specific
industry standards and develop the compliance criteria vendors must
meet to do business with the organization.
About Optiv Security
Optiv is a market-leading provider of end-to-end cyber security
solutions. We help clients plan, build and run successful cyber
security programs that achieve business objectives through our
depth and breadth of cyber security offerings, extensive
capabilities and proven expertise in cyber security strategy,
managed security services, incident response, risk and compliance,
security consulting, training and support, integration and
architecture services, and security technology. A Blackstone (NYSE:
BX) portfolio company, Optiv maintains premium partnerships with
more than 300 of the leading security technology manufacturers. For
more information, visit www.optiv.com or follow us at
www.twitter.com/optiv, www.facebook.com/optivinc and
www.linkedin.com/company/optiv-inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160913006294/en/
Optiv SecurityLauren Howe,
443-519-5455lauren.howe@optiv.comorJason Cook,
816-701-3374jason.cook@optiv.com
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