Proof & Trust
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Proof & Trust is the world's first automated tool for vendor risk assessment, helping companies save money on cybersecurity experts.
https://proofandtrust.com/
Product Information
Updated:Aug 28, 2024
What is Proof & Trust
Proof & Trust is an innovative solution designed to streamline and automate the vendor risk assessment process. Developed with 30 years of industry experience, it aims to eliminate the need for expensive cybersecurity experts by providing a user-friendly platform accessible to those unfamiliar with risk assessment. The tool allows businesses to quickly identify and minimize financial, operational, and reputational risks associated with their vendors and partners.
Key Features of Proof & Trust
Proof & Trust is an automated vendor risk assessment tool that provides fast, affordable assessments without the need for expensive cybersecurity experts. It offers comprehensive reports with actionable insights, enables informed decision-making, and helps businesses identify and minimize financial, operational, and reputational risks efficiently.
Automated Risk Assessment: Conducts vendor risk assessments automatically in seconds, eliminating manual processes.
Affordable Pricing: Offers 5 assessments for $299, significantly cheaper than hiring cybersecurity experts.
Comprehensive Reports: Provides detailed reports with actionable insights and recommendations for risk management.
User-Friendly Interface: Designed for regular users unfamiliar with risk assessment processes.
Use Cases of Proof & Trust
Small Business Vendor Vetting: Allows small businesses to affordably assess potential vendors' risk profiles before partnering.
Enterprise Supplier Management: Helps large companies efficiently evaluate and monitor the risk levels of their numerous suppliers.
Financial Institution Due Diligence: Enables banks and financial firms to quickly assess third-party vendor risks for regulatory compliance.
Healthcare Provider Assessments: Assists healthcare organizations in evaluating technology vendors for data security and HIPAA compliance.
Pros
Significantly more affordable than hiring cybersecurity experts
Fast automated assessments save time and resources
User-friendly for those without technical risk assessment expertise
Cons
May lack the nuanced analysis of human experts for complex cases
Relatively new product, so may have limitations compared to established solutions
How to Use Proof & Trust
Sign up for an account: Go to the Proof & Trust website and create an account by providing your basic information.
Choose a plan: Select either a pay-as-you-go or subscription plan that fits your needs.
Add vendor information: Enter details about the vendor you want to assess into the Proof & Trust system.
Send assessment to vendor: Use the platform to send an automated risk assessment questionnaire to your vendor.
Vendor completes assessment: The vendor fills out the assessment, which typically takes under 30 minutes.
AI analysis: Proof & Trust's AI algorithm analyzes the vendor's responses to identify risks and compliance issues.
Review report: Access the comprehensive report with insights and recommendations about your vendor's risk profile.
Take action: Use the report findings to make informed decisions and manage vendor risks proactively.
Proof & Trust FAQs
Proof & Trust is the world's first automated tool for vendor risk assessment. It helps companies save money on cybersecurity experts by providing automated vendor risk assessments in seconds.
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