3rdRisk vs OneTrust

Struggling to choose between 3rdRisk and OneTrust? Both products offer unique advantages, making it a tough decision.

3rdRisk is a Business & Commerce solution with tags like risk, management, assessment, reporting.

It boasts features such as Risk register creation, Risk assessment, Risk mitigation tracking, Reporting and analytics and pros including Comprehensive risk management capabilities, Customizable risk frameworks, Collaboration tools, Automated workflows and notifications.

On the other hand, OneTrust is a Security & Privacy product tagged with privacy, compliance, consent-management, data-discovery, data-mapping, third-party-risk-management.

Its standout features include Consent Management, Preference Management, Cookie Compliance, Data Discovery, Data Mapping, Data Subject Rights Management, Third Party Risk Management, Incident and Breach Management, Assessments and Surveys, Policy and Notice Management, and it shines with pros like Comprehensive features for privacy compliance, Pre-built templates for major regulations, Automates many compliance processes, Centralized platform for managing privacy programs, Integrates with existing IT systems.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

3rdRisk

3rdRisk

3rdRisk is a risk management software designed to help organizations identify, assess, and mitigate various risks. It provides tools for building risk registers, performing risk assessments, tracking mitigation actions, and generating reports.

Categories:
Business & Commerce Risk Management
risk management assessment reporting

3rdRisk Features

  1. Risk register creation
  2. Risk assessment
  3. Risk mitigation tracking
  4. Reporting and analytics

Pricing

  • Subscription-Based

Pros

Comprehensive risk management capabilities

Customizable risk frameworks

Collaboration tools

Automated workflows and notifications

Cons

Can be complex for smaller organizations

Limited integration with other systems

Higher learning curve than some alternatives

OneTrust

OneTrust

OneTrust is a privacy management software that helps organizations be compliant with global privacy regulations like GDPR and CCPA. It offers features like consent management, data discovery, data mapping, third party risk management, and more.

Categories:
Security & Privacy Privacy Management
privacy compliance consent-management data-discovery data-mapping third-party-risk-management

OneTrust Features

  1. Consent Management
  2. Preference Management
  3. Cookie Compliance
  4. Data Discovery
  5. Data Mapping
  6. Data Subject Rights Management
  7. Third Party Risk Management
  8. Incident and Breach Management
  9. Assessments and Surveys
  10. Policy and Notice Management

Pricing

  • Subscription-Based
  • Custom Pricing

Pros

Comprehensive features for privacy compliance

Pre-built templates for major regulations

Automates many compliance processes

Centralized platform for managing privacy programs

Integrates with existing IT systems

Cons

Can be complex for smaller organizations

Requires training and expertise to fully utilize

Expensive compared to basic privacy tools

Heavy focus on regulations may limit flexibility