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.

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