The magic quadrant names several solution vendors that have been classified by Gartner as offering comprehensive vendor risk management (VRM) solutions.
Vendor Risk Management 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.
The CEO and Co-Founder at SureCloud, Richard Hibbert commented saying: “We are thrilled 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 scalable, flexible and highly configurable software-as-a-service (SaaS) delivery model, combined with managed service options, has proven particularly attractive to organizations looking to form a robust, central view of their vendor assurance program.”
Vendor risk management is a crucial part of any organization’s cybersecurity posture, with a number of third parties having access to highly sensitive data and therefore offering a route for potential criminals to gain access to their organization. Demonstrating a clear awareness of each third party’s approach to security and risk management is also an increasingly important aspect of privacy regulations such as the GDPR.
In response, SureCloud’s Vendor Risk Management solution is designed to offer a scalable and smooth means for organizations to assess and review all their IT third party vendors for potential risks.
Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Christopher Ambrose, Joanne Spencer, 25 November 2019.
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SureCloud is a provider of cloud-based, Integrated Risk Management products, which reinvent the way organisations manage risk. SureCloud’s products and services are underpinned by a highly configurable technology platform, which is simple, intuitive and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to support existing business processes without forcing organisations to engage in costly business change programmes. SureCloud has been recognised in the 2019 Gartner Magic Quadrant for Integrated Risk Management Solutions.