How Is Mitratech Revolutionizing Third-Party Risk Management with AI?

Data Governance

How Is Mitratech Revolutionizing Third-Party Risk Management with AI?

In the rapidly evolving landscape of third-party risk management (TPRM), Mitratech stands out with its innovative integration of artificial intelligence (AI) and environmental, social, and governance (ESG) capabilities. Alastair Parr, Executive Director of GRC Solutions at Mitratech, provides insights into how the Prevalent platform is addressing

VISO TRUST Secures $7M to Enhance AI-Powered Risk Management Platform

Data Governance

VISO TRUST Secures $7M to Enhance AI-Powered Risk Management Platform

VISO TRUST, a prominent name in AI-powered third-party risk management (TPRM), has just successfully completed a crucial funding round, garnering an additional $7 million and pushing their total raised funds to $24 million. This recent round saw participation from both previous investors, including Bain Capital Ventures, Work-Bench, Sierra

Amazon Data Breach: MOVEit Vulnerability Exposes 2.86M Employee Records

Data Governance

Amazon Data Breach: MOVEit Vulnerability Exposes 2.86M Employee Records

In 2023, Amazon confronted a significant security incident involving the MOVEit third-party breach, which resulted in the theft of a substantial amount of employee data. This breach, executed by a hacker known as "Nam3L3ss," has raised serious concerns regarding the security of third-party vendors and the broader implications for companies that

Enhancing Vendor Practices to Boost Cybersecurity in Mid-Size Banks

Data Governance

Enhancing Vendor Practices to Boost Cybersecurity in Mid-Size Banks

A recent survey conducted by law firm Jones Walker and published Tuesday reveals that community and mid-size banks are lacking in comprehensive due diligence and robust contract negotiations with their third-party vendors. This deficiency is a critical vulnerability, especially in instances of data breaches by vendors. The survey underscores the

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