The Challenge
The interconnected nature of business strategy has expanded dramatically over the past few decades, from outsourcing of niche back-office components to an increasingly
complex web of vendors, partners and customers that form a highly dynamic and globally distributed digital ecosystem.
As this interconnectivity grows, third and fourth party relationships are increasingly a source of cyber attacks, system failures, and data exposure that threaten
an enterprise’s ability to deliver products and services to their clients and customers; expose an enterprise to legal action, regulatory penalties and/or substantial
remediation costs; and undermines customer confidence, damaging the enterprise brand.
The third-party cyber risk management approach taken by companies today is typically manual, inefficient and not scalable to effectively address increasing cyber exposure. CEOs, business leaders, and risk and security managers need a better way to manage cyber risk in the expanding digital ecosystem of vendors, partners and customers.
A Comprehensive Third-Party Risk Management Platform
Built by and with security practitioners, CyberGRX provides the most comprehensive third-party cyber risk management platform, addressing the existing inefficiencies and creating benefit for both enterprises and for their partners and vendors. Through its innovative design, automation and advanced analytics, the CyberGRX platform enables enterprises to cost-effectively and collaboratively identify, assess, mitigate and monitor an enterprise’s cyber risk exposure across its entire vendor, partner and customer ecosystem.
Mitigate RiskThreat modeling and advanced analytics to facilitate risk-based decision making
Manage ComplexitySimplified and standardized methodology and platform with enhanced collaboration capabilities
Reduce CostAutomated and scalable to cost- effectively cover your entire vendor, partner and customer ecosystem
Founded by former CISO’s and risk officers and backed by world-class investors, CyberGRX partners with some of the most trusted names and brands in cybersecurity. Partners and investors include:
and several other leading institutions across business sectors
“Much is made today of the insider threat. As many as 60% of attacks are attributed to insiders. But a closer look (under the covers) reveals that many of those attacks are the result of compromised credentials and through third-party relationships with insider access. Further, many of the compromised credentials are the result of social engineering attacks enabled and abetted by already compromised third parties. It’s a vicious circle. The CyberGRX platform provides a much more efficient way to evaluate and combat these threats.”
“Third party risk is escalating dramatically as the vast majority of enterprises are increasingly reliant upon outside suppliers for technology solutions and when internally developed technologies almost always rely on components from a third party. Traditional vendor attestations are woefully insufficient and the CyberGRX platform will provide a construct for reducing third party risk with a programmatic, prioritized construct that is already backed by some of the worlds best companies.”
“Third-party relationships represent some of the hardest-to-manage cyber risks at organizations of all types. It’s a unique challenge that historically has only been solved by adding headcount – an inefficient and difficult to scale approach. Fortunately, the CyberGRX platform provides a substantially smarter and more secure solution.”