OneTrust vs 3rdRisk

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

OneTrust is a Security & Privacy solution with tags like privacy, compliance, consent-management, data-discovery, data-mapping, third-party-risk-management.

It boasts features such as 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 pros including 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.

On the other hand, 3rdRisk is a Business & Commerce product tagged with risk, management, assessment, reporting.

Its standout features include Risk register creation, Risk assessment, Risk mitigation tracking, Reporting and analytics, and it shines with pros like Comprehensive risk management capabilities, Customizable risk frameworks, Collaboration tools, Automated workflows and notifications.

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

Product Overview

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.

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.

Key Features Comparison

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

3rdRisk Features

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

Pros & Cons Analysis

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

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

Pricing Comparison

OneTrust

• Subscription-Based
• Custom Pricing

3rdRisk

• Subscription-Based