RiskImmune (formerly IMMUNE Extended Third-Party Risk Management) offers a solution for managing the lifecycle of vendor
relationships, from onboarding and monitoring to off-boarding. It helps
identify, assess, and mitigate 13 types of risks associated with third-party vendors and their own vendors.
With digital
tools, data analytics, and risk monitoring
capabilities, RiskImmune provides tools to manage n-parties and all interdependencies within an ecosystem. This allows users to make better decisions, respond quickly to
incidents, and stay compliant.
RiskImmune is a risk management tool that, according to the vendor, has several key
differentiators that set it apart from other solutions in the market. They describe these as:
- Third-Party
Risk Management: RiskImmune provides a comprehensive view of
third-party risk by aggregating data from multiple sources, including
supplier questionnaires, cybersecurity, compliance, ESG, financial ratings, and regulatory databases.
This allows organizations to identify potential supplier threats and
prioritize their risk management efforts.
- Advanced Data Analytics: The solution leverages advanced data
analytics and machine learning algorithms to analyze data and identify
patterns, trends, and anomalies. This enables organizations to quickly
identify and respond to potential supplier threats before they can cause
harm.
- Real-Time Monitoring: RiskImmune provides real-time monitoring of supplier risk by integrating with
various sources, including dark web monitoring and threat intelligence
feeds. This ensures that organizations are aware of any potential supplier
threats as they emerge.