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.

Feature	3rdRisk	OneTrust
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Security & Privacy

Product Overview

3rdRisk

Description: 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.

OneTrust

Description: 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.

Key Features Comparison

3rdRisk Features

• Risk register creation
• Risk assessment
• Risk mitigation tracking
• Reporting and analytics

OneTrust Features

• 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

Pros & Cons Analysis

3rdRisk

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

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

Pricing Comparison

3rdRisk

• Subscription-Based

OneTrust

• Subscription-Based
• Custom Pricing