CyberGRX
Overview
HQ Location
United States
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Year Founded
2015
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Company Type
Private
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Revenue
< $10m
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Employees
51 - 200
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Website
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Twitter Handle
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Company Description
CyberGRX provides the most comprehensive third-party cyber risk management platform to cost-effectively identify, assess, mitigate and monitor an enterprise's risk exposure across its entire partner ecosystem. Through automation and advanced analytics, the CyberGRX solution enables enterprises to collaboratively mitigate threats presented from their increasing interdependency on vendors, partners and customers. CyberGRX is based in Denver, CO. For more information, visit www.cybergrx.com or follow @CyberGRX on Twitter.
Key Customers
Solix, Blackstone, ComplySci
IoT Snapshot
CyberGRX is a provider of Industrial IoT cybersecurity and privacy technologies, and also active in the finance and insurance industries.
Technologies
Use Cases
Functional Areas
Industries
Technology Stack
CyberGRX’s Technology Stack maps CyberGRX’s participation in the cybersecurity and privacy IoT Technology stack.
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Devices Layer
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Edge Layer
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Cloud Layer
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Application Layer
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Supporting Technologies
Technological Capability:
None
Minor
Moderate
Strong
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Case Studies.
Case Study
Scaling Third-Party Cyber Risk Management Post-Merger with CyberGRX
A technology company faced a significant challenge after merging with another organization, which resulted in the doubling of their third-party ecosystem. Prior to the merger, the company had an efficient third-party program that included an in-house assessment working in tandem with a GRC tool. However, the merger put a strain on this system as the number of third parties in their ecosystem doubled. The company's team was unable to scale their current program to effectively manage their new vendors due to a lack of increase in human resources. The company was in need of a solution that could seamlessly integrate with and scale their process, enabling them to apply the right level of due diligence across their new and expanded ecosystem efficiently.
Case Study
A Force Multiplier for Third-Party Cyber Risk Management: Blackstone's Case Study
Blackstone, a leading investment firm, faced a significant challenge in managing its third-party cyber risk. With a rapidly growing business, a robust vendor ecosystem, and a portfolio of over 100 companies, Blackstone needed a solution that could efficiently and effectively manage its third-party cyber risk. The existing risk management program, initiated in 2012, was based on spreadsheets and phone calls, which was not scalable to keep up with the 4 to 6 new vendors coming on board every month. This challenge was not unique to Blackstone, as their entire portfolio of companies shared the same issue. The companies were using different methodologies to support their risk programs, there was a lot of overlap among common vendors being assessed by multiple companies, and findings from assessments were rarely shared.
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