OneTrust's Third-Party Risk Exchange is a comprehensive security assessment and risk management platform that provides organizations access to pre-completed vendor risk assessments while enabling active screening and monitoring of third parties. The system functions as a centralized platform for managing vendor risk intelligence and assessment data, supporting industry standards for third-party risk management. The platform maintains a centralized library of completed security questionnaires and compliance documentation to streamline the vendor risk assessment process. It integrates risk data from multiple providers including SecurityScorecard, RiskRecon, SupplyWisdom, and ISS Corporate Solutions, enabling automated risk monitoring and evaluation through data intelligence feeds. The system incorporates AI questionnaire autocompletion capabilities and automated data collection for vendor assessments, while providing risk analytics and control gap reports for vendor management.
