Tool Overview:
Whistic

About Whistic

Whistic is a third-party risk management (TPRM) platform designed to help organizations assess and manage vendor security risks. The platform serves both software buyers evaluating vendor security and vendors sharing their security documentation. At its core, Whistic aims to transform the traditional security questionnaire process into an automated system using AI capabilities and a centralized trust center approach.

What does Whistic do?

The platform consists of two main components: Whistic Assess for buyers and Whistic Profile for vendors. Whistic Assess enables organizations to automatically collect and evaluate security documentation from vendors, while Whistic Profile allows vendors to create a queryable Trust Center containing their security documentation. The platform leverages AI to analyze security documentation, summarize SOC 2 reports, and generate vendor risk assessments.

A key feature is the Knowledge Base with Smart Search functionality, which transforms security documentation into a searchable repository. This allows users to find specific security information using natural language queries instead of manually reviewing lengthy documents. The platform includes access to over 40 industry-standard questionnaires and frameworks, including specialized frameworks for assessing AI-related risks like the NIST AI Framework and ISO 23053.

What makes Whistic different?

The platform's approach differs from traditional TPRM solutions by attempting to eliminate the back-and-forth of security questionnaires. Instead of sending questionnaires to vendors and waiting for responses, organizations can access pre-populated vendor security profiles through the Whistic Trust Catalog. This catalog serves as a marketplace where vendors proactively share their security posture.

The platform's AI capabilities distinguish it in the TPRM space. These include automated SOC 2 report summarization, which extracts key information from lengthy audit reports, and Smart Response functionality that automatically sources answers to security questionnaires from uploaded documentation. The AI system is built on OpenAI's API framework but maintains separation of customer data through logical controls and does not use uploaded data to train AI models.

Use cases and industries

Whistic primarily targets technology companies, financial services firms, healthcare organizations, and other sectors handling sensitive data. For buyers, the platform reduces vendor assessment times from approximately one month to five days or less. For vendors, it eliminates the need to repeatedly respond to similar security questionnaires from different customers.

The platform addresses specific TPRM challenges such as vendor onboarding, continuous monitoring, and compliance with frameworks like NIST, ISO, and various industry standards. Organizations use Whistic to maintain security documentation, automate assessments, and generate reports for stakeholders. According to company materials, it can save organizations over $39,000 in individual licensing fees for standardized questionnaires.

From a technical implementation perspective, Whistic integrates with common business tools like Salesforce and includes APIs for connecting to internal systems. The platform uses encryption methods for data protection and requires multi-factor authentication for access control. However, potential users should note that the effectiveness of its AI capabilities and the comprehensiveness of its vendor catalog may vary depending on vendor participation and the quality of uploaded documentation.