AI and Robotic Automation: Power Your Third-Party Risk & Compliance Program
Say hello to the newest member of your team! OneTrust has launched an artificial intelligence and robotic automation engine, OneTrust Athena™. OneTrust Athena adds AI, machine learning, predictive intelligence, and robotic automation capabilities to the OneTrust platform to enhance your third-party risk and compliance program. Continued compliance with global security and privacy laws, as well as standards and frameworks, is no small task. This is where Athena can help take your privacy, security, third-party risk and trust program to the next level.
Register for the webinar: Streamline Your Privacy, Security & Trust Program with OneTrust Athena AI taking place on April 14 at 11:00 ET
What Does Athena Bring to Your Team?
OneTrust Athena is built to help maximize efficiency by harnessing the power of AI, machine learning, and robotic process automation. With artificial intelligence, Athena can help discover and classify data, flag risk and suggest remediation actions based on the context of that data, as well as suggest program improvements to simplify compliance across your business. Athena learns over time by leveraging machine learning models on your data sets, so the more you leverage OneTrust, the smarter she gets. Through the use of robotic process automation, Athena eliminates repetitive actions, such as conducting vendor assessments, and can streamline complex workflows and integrations with other technologies.
How Does Athena Work?
OneTrust Athena is intelligent. She draws on OneTrust DataGuidance, the world’s most in-depth source of regulatory and compliance research with same-day support for regulatory updates across the globe. OneTrust DataGuidance monitors updates to laws and regulations, tracks breaches and regulatory enforcement actions, and knows all of the latest regulatory guidance. All of this information has been mapped and indexed into a structured, machine-readable format that continuously feeds Athena with insights and intelligence.
She doesn’t stop there! Athena gets smarter as she learns more about your business. Building on both the information that your teams put into OneTrust and the data that she automatically discovers, Athena can learn over time to more accurately classify data, flag risk, and suggest controls contextually based on your business and compliance program.
Athena never stops working for your business. Simply tell Athena about your processes, workflows, and manual tasks and she’ll automate them, leaving you and your team time to focus on more critical tasks.
What Does This Look Like in Practice for OneTrust Vendorpedia?
Athena is integrated across the entire OneTrust platform and powers different use cases across all of the different OneTrust products, including OneTrust Vendorpedia. At OneTrust, we believe in algorithmic transparency and that AI should be easily explainable and have determinable outcomes that are logical and contextual. So, let’s take a look at a few examples below to demonstrate exactly how Athena helps OneTrust Vendorpedia customers:
- Intelligently Flag Vendor Data Breaches: Athena continually monitors the OneTrust DataGuidance breach and regulatory enforcement tracker, an indexed list of all breaches and enforcements across the globe. Athena is plugged into your OneTrust vendor inventory so when a breach is reported by one of your vendors, Athena can create incident records, flag risk, notify your team, and send investigative assessments automatically. Using predictive analytics, Athena can analyze data to indicate potential geographical-based risks or industry-based risk given current market trends.
- Monitor Vendor Performance to Hold Vendors Accountable: Through natural language processing (NLP), Athena can report on key contractual clauses, such as SLAs and contract expiration dates. Throughout the vendor engagement, Athena can scan status pages to determine uptime. If uptime requirements outlined in SLAs aren’t met, Athena can flag risks tied to performance and even send notifications to the vendor for credit buyback.
- Suggest Third-Party Risk Program Improvements: Based on your data inventories, Athena can learn which countries and industries you operate in, as well as which standards, frameworks, and regulations are most relevant to your organization. Athena can reference and deduplicate the requirements of hundreds of regulations, standards and frameworks that OneTrust DataGuidance has mapped in a machine-readable format. Athena can then suggest which initiatives you should prioritize to advance your third-party risk program’s maturity based on her knowledge of your program and your use OneTrust.
To learn more about OneTrust Athena, visit here.
Businesses + Vendors: How to Make The Third-Party Risk Marriage Work
To reduce vendor-related risks, businesses must conduct security assessments on their vendors. On the other side, vendors must respond to these time-consuming questionnaires. And with recent disruptive events, such as the pandemic and major security breaches like SolarWinds, the volume of security questionnaires a vendor receives has increased drastically.
So, how can businesses and vendors work together in a way that benefits both sides, giving businesses more trust in their vendors, and giving vendors the ability to provide confidence in their security programs?
In this webinar, we brought together both sides of the vendor risk management equation – a business and a vendor – to share their perspective of what it’s like to send and respond to security questionnaires. In having this discussion, we hope to provide insight and tips that can help streamline the vendor risk assessment process for everyone involved.
Our panelists will discuss:
- Their experiences with sending and responding to questionnaires
- The pain points on each side of the assessment process
- What businesses and vendors can do to make the process easier for each other
- Solutions to work better together to build mutual trust and reduce workload