SureCloud, the provider of cloud-based, Integrated Risk Management solutions, has been placed on Gartner’s Magic Quadrant for IT Vendor Risk Management Tools for the first time after being recognized on Gartner’s Magic Quadrant for Integrated Risk Management Solutions back in July 2019.
IT Vendor Risk Management Magic Quadrant™
The Magic Quadrant™ names 16 key solution vendors identified by Gartner as offering Vendor Risk Management (VRM) solution.
VRM solutions enable organizations to accurately ascertain the security and compliance risks associated with their IT third-parties, creating a centralized register of these parties and integrating this with wider risk management processes.
Richard Hibbert, CEO and Co-Founder at SureCloud said: “We are delighted that SureCloud has been included in the Gartner® Magic Quadrant for IT Vendor Risk Management Tools; we believe it underlines our ability to offer a truly comprehensive third-party risk management solution.”
“Our flexible, scalable and highly configurable software-as-a-service (SaaS) delivery model, combined with managed service options, is proving particularly attractive to organizations looking to build a robust, central view of their vendor assurance program.”
Third-party risk management is a vital part of any organization’s cybersecurity posture, with many third parties having access to highly sensitive data and offering criminals a potential route into their organisations. Demonstrating a clear awareness of each third party’s approach to security and risk management is also an increasingly significant element of privacy regulations such as the GDPR.
In response, SureCloud’s Vendor Risk Management solution is designed to offer a smooth and scalable means for organizations to assess and review all their IT third party vendors for potential risks.
The SureCloud Vendor Risk Management solution offers:
- A centralized register of all third-party IT vendors, giving a holistic view of risk
- A dynamically generated risk-assessment for each third party, ensuring they are only asked questions which apply to them
- Automated third-party notifications and response reporting.
- Full integration with wider IT risk management processes and data privacy programs.
*Gartner, Magic Quadrant™ for IT Vendor Risk Management Tools, by Christopher Ambrose, Joanne Spencer, 25 November 2019.
Learn more about our Vendor Risk Management Solutions here.
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SureCloud is a provider of cloud-based, Integrated Risk Management (IRM) products, Cybersecurity and Risk Advisory services, which reinvent the way you manage risk. SureCloud connects the dots with IRM solutions enabling you to make better decisions and achieve your desired business outcomes. SureCloud is underpinned by a highly configurable technology platform, which is simple, intuitive and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to fit your current business processes without forcing you to make concessions during implementation; meaning you get immediate and sustained value from the outset.