Retailers Need to Prioritize Third Party Risk ManagementIn today’s globally interconnected business environment, effective vendor risk management is becoming increasingly important for retailers. Supply chains have become more complex for retailers and increasing reliance on third-party vendors is leaving organizations more vulnerable to third-party breaches, which make up 60% of data breaches.
For retailers, it’s more than just about protecting against third-party data breaches —it’s about ensuring the resilience and ethical integrity of your entire supply chain. By implementing a strong vendor risk management program, retailers not only secure their business operations but also uphold their reputation, ensuring they align with consumer expectations for sustainable and ethical business practices.
ProcessBolt is transforming the vendor risk management process by leveraging AI. The fully integrated AI-driven platform leverages attack surface management data, vendor evidentiary documentation, and assessment data to complete vendor risk assessments, removing an enormous amount of friction that plagues the current vendor risk management process.
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With ProcessBolt AI, you can focus your time on remediating and addressing vendor risk instead of worrying about chasing down vendors and verifying the accuracy of security risk assessments.
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ProcessBolt AI All-In-One Integrated Platform
Collect and Verify Vendor Documentation
Instead of boringly sending out lengthy and tedious risk assessments to kickstart the process, vendors and enterprises now harness the cutting-edge capabilities of the remarkable ProcessBolt AI platform. ProcessBolt AI reviews every single policy document and audit provided by the vendors using deep natural language processing (“DNLP”). It then seamlessly answers assessment questions, incorporating verifiable citations from the very documentation it has analyzed, granting the vendor and enterprise confident verification of assessment responses.