Privva Launches AutoAssess – AI Technology to Efficiently Assist Law Firms’ Responses to Client Security Assessments

USA/Canada News

31
Oct
2017

Editor

Today, risk management technology provider Privva, Inc. launches AutoAssess, an artificial intelligence technology platform to help law firms to accurately, efficiently automate Client Security Assessment responses.

Answering Security Assessments using manual and Excel-based methods can be a tedious, time-consuming process, and is often error prone.  Law firms receive exponentially more assessments each year due to their clients’ growing risk management concerns. Privva’s AutoAssess platform uses complex algorithms to generate completed Security Assessments for review in minutes, not hours. 

AutoAssess leverages artificial intelligence to learn from every assessment, so the Security Assessment responses generated are increasingly more accurate and need fewer revisions over time.

Law firms currently utilize Privva AutoAssess to answer clients’ Security Assessment requests with superior results in some cases reducing a 4-5 hour process to less than 30 minutes.  John Arsneault, CIO of Goulston & Storrs commented:  “We engaged with Privva to make the audit process far less time consuming by leveraging their technology to complete the audit documents instead of spending endless hours filling them out manually. This has reduced a frustrating process by over 90% out of the gate – and allowed myself and other key personnel to focus on other priorities.”

According to Ishan Girdhar, CEO of Privva, Inc.: “As today’s enterprises are more concerned about downstream data security risks, the Security Assessment response process is now part of the law firm’s cost of doing business.  The Privva AutoAssess platform leverages smart automation tools verified by human checking to help firms manage their increasing flow of Security Assessment requests without becoming overwhelmed by them.”

Privva AutoAssess is an extension of the Privva Vendor Security Assessment platform which helps law firms automate and manage third-party security assessments, based on industry best practices.  The platform can create proprietary assessments to meet internal policies, efficiently distribute assessments to vendors, and analyze responses with advanced reporting and dashboards.