TrustCloud Enhances Third-Party Risk Management with Agentic AI

TrustCloud has launched new agentic AI capabilities for its TrustLens third-party risk management platform to improve vendor risk assessments. The update aims to replace traditional questionnaire-based methods with continuous data analysis, allowing organizations to better monitor vendor security. A Global 2000 life sciences customer reported a 10x improvement in assessing over 5,000 suppliers within six months, increasing vendor coverage from 20% to 92% and identifying four times more critical gaps. TrustCloud's approach emphasizes proactive risk mitigation and aims to shift the focus from process-driven assessments to outcome-driven results. The company highlights that many existing third-party risk programs are ineffective, often merely checking boxes without genuinely managing risks. This update is particularly relevant as enterprises face increasing third-party-driven cyber threats.

Key Points: • TrustCloud's TrustLens now uses agentic AI for continuous vendor risk assessments. • A Global 2000 life sciences customer improved vendor coverage from 20% to 92% in six months. • The new approach identifies four times more critical vendor gaps compared to previous methods.