Optiv Security Accepted As Shared Assessments Program Software Licensee Partner And Third-Party Risk Assessor

Optiv Security, a market-leading provider of end-to-end cyber security solutions, today announced it has been accepted as a software licensee partner and third-party risk assessment firm for the Shared Assessments Program. This software license provides Optiv with the ability to incorporate Shared Assessments tools and resources into Evantix, its cloud-based third-party risk management solution. With this, the Evantix portal acts as a fully-licensed Shared Assessments platform to help organizations better streamline and manage processes associated with the widely-used third-party risk Standard Information Gathering (SIG) questionnaire. Also, as a Shared Assessments third-party risk assessor, Optiv can help clients execute necessary SIG-related risk assessments and validations of their vendors, suppliers and business associates.

"With third-party relationships playing a key role in the success of many businesses today, it's more important than ever for companies to take a holistic approach to managing risk related to those partnerships," said James Christiansen, vice president of information risk management for Optiv. "Optiv continues to show its exceptional capabilities and expertise in enabling companies to better plan, develop and manage their third-party risk management programs. Being approved as a Shared Assessments Program software licensee partner and assessment firm showcases that we have a rare combination of specialized technology and consulting expertise in third-party risk."

As a Shared Assessments software licensee partner, Optiv clients can take full advantage of Shared Assessments tools without the need for purchasing a separate license. Optiv's Evantix platform creates quick and easy-to-read reports that provide analytics and scoring metrics for enterprises to more effectively and efficiently make decisions related to their third parties. Also, if a client determines a third party requires additional scrutiny, Optiv, as a certified Shared Assessment Group assessment firm, is qualified to complete comprehensive and customized onsite or remote assessments validating the controls of the third-party service provider.

The Shared Assessments Program is a member-driven, industry-standard body with the most widely used tools and best practices for third-party risk. To become a software licensee partner and assessment firm for the program, providers must meet specific criteria that includes having a Software-as-a-Service (SaaS)-based third-party risk portal with the ability to leverage the SIG Full and Lite tools, as well as trained and experienced third-party risk experts qualified to carry out necessary assessments.

The combination of Optiv's Evantix platform and proven third-party risk management services offer a robust and comprehensive  third-party risk cyber security solution that assesses client environments and develops a cohesive program strategy to help plan, build and run more successful third-party risk programs. Optiv's suite of services help organizations understand the breadth of third parties in their environment, categorize relationships by risk to the organization, conduct risk assessments aligned to specific industry standards and develop the compliance criteria vendors must meet to do business with the organization. Optiv also provides risk reports and ratings as well as complete assessments based on SIG 2016, the International Organization for Standards (ISO) 27001, the Health Insurance Portability and Accountability Act (HIPAA), the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) and other industry standards.

About Optiv SecurityOptiv is a market-leading provider of end-to-end cyber security solutions. We help clients plan, build and run successful cyber security programs that achieve business objectives through our depth and breadth of cyber security offerings, extensive capabilities and proven expertise in cyber security strategy, managed security services, incident response, risk and compliance, security consulting, training and support, integration and architecture services, and security technology. A Blackstone (NYSE: BX) portfolio company, Optiv maintains premium partnerships with more than 350 of the leading security technology manufacturers. For more information, visit www.optiv.com or follow us at www.twitter.com/optiv, www.facebook.com/optivinc and www.linkedin.com/company/optiv-inc.

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