OneTrust Third-Party Risk Exchange is a comprehensive solution designed to streamline and automate third-party risk management processes. It enables organizations to efficiently evaluate, monitor, and mitigate risks associated with their extended enterprise, ensuring business continuity and compliance.

Key Features

Risk Intelligence Integration Populate inventory records with up-to-date risk data from multiple providers.

• Seamless integration with SecurityScorecard, RiskRecon, SupplyWisdom, and ISS Corporate Solutions
• Direct linking of Exchange data to inventory for continuous monitoring

Automated Risk Assessment Utilize out-of-the-box data to make informed decisions on assessment depth and monitoring requirements.

• Risk-based approach to prioritize high-risk third parties
• Efficient allocation of resources based on risk levels

Real-time Monitoring and Alerts Receive notifications and trigger automated workflows based on risk score changes.

• Immediate action capabilities without manual intervention
• Customizable workflows for risk flagging, stakeholder notification, and reassessment initiation

Comprehensive Risk Dashboard View multiple risk data points in a single interface for enhanced visibility.

• Access to more than a dozen risk indicators without additional integrations
• Drill-down capabilities for detailed risk factor analysis

Benefits

Enhanced Risk Visibility Gain a holistic view of third-party risks across various domains.

• Insights into network, application, and endpoint security
• Visibility into financial, operational, compliance, and ESG risks

Improved Efficiency Streamline the third-party risk management process through automation.

• Reduced manual effort in risk assessments and monitoring
• Faster response times to emerging risks

Compliance Support Facilitate adherence to data privacy laws and industry regulations.

• Operationalization of data privacy programs
• Alignment of value and supply chain with company values

Business Continuity Maintain operational resilience by proactively managing third-party risks.

• Early identification and mitigation of potential disruptions
• Continuous monitoring for evolving threats