See across your network to identify your critical risks.
A successful cyber attack can create a devastating and cascading impact on the entire value chain of a utility. Avoid unnecessary outages by identifying and mitigating your greatest third-party risks.
An expanding supply chain equates to increased cyber risk.
All it takes is one weak link in your supply chain for operations to be disrupted or customer data compromised. In 2022, 11% of observed cyberattacks targeted the energy industry, and cybercriminals are using third-party applications to gain access to your systems.
Service outages from cybersecurity incidents destroy customer and internal confidence.
67% of breaches are through third parties.Proactively identify and evaluate your risks across your portfolio, including Nth party suppliers, with Portfolio Risk Findings plus a suite of Threat Tools. Continuously monitor your vendors, including automated alerts when a third party’s security posture changes.
No more guessing; CyberGRX helps pinpoint your riskiest vendors, understand the impact of a potential breach, and equips you to implement an appropriate detection and response plan.
New suppliers and vendors are coming in faster than can be adequately vetted.
Make initial decisions immediately based on how a vendor is predicted to answer assessment questions with up to 91% accuracy. Expediting approvals helps to restore internal relationships, gain the support of stakeholders, and be seen as a business accelerator vs. a bottleneck.
Verifying vendors meet our regulatory compliance standards is cumbersome.
Contractors aren’t held to the same Federal cybersecurity standards as utilities. With CyberGRX, you’ll quickly see which vendors do not meet framework standards, such as NERC CIP, IEC 62443, or NIST 800 and common gaps across your entire portfolio.
No more cross-referencing assessment answers; use Framework Mapper to view the compliance status of a single vendor, or Portfolio Risk Findings, to view compliance across your entire portfolio.
Completing assessments is a manual, time-consuming process, taxing our resources.
Complete a CyberGRX standardized assessment questionnaire once, then share it instantaneously with as many prospective customers as you like, for free.
Data shows 70% of prospects accept a CyberGRX assessment, eliminating the need to complete a lengthy and redundant survey so deals move through procurement faster.
COMMON CHALLENGES FOR THE ENERGY INDUSTRY
HOW CYBERGRX SOLVES
67% of breaches are through third parties.Proactively identify and evaluate your risks across your portfolio, including Nth party suppliers, with Portfolio Risk Findings plus a suite of Threat Tools. Continuously monitor your vendors, including automated alerts when a third party’s security posture changes.
No more guessing; CyberGRX helps pinpoint your riskiest vendors, understand the impact of a potential breach, and equips you to implement an appropriate detection and response plan.
Make initial decisions immediately based on how a vendor is predicted to answer assessment questions with up to 91% accuracy. Expediting approvals helps to restore internal relationships, gain the support of stakeholders, and be seen as a business accelerator vs. a bottleneck.
Contractors aren’t held to the same Federal cybersecurity standards as utilities. With CyberGRX, you’ll quickly see which vendors do not meet framework standards, such as NERC CIP, IEC 62443, or NIST 800 and common gaps across your entire portfolio.
No more cross-referencing assessment answers; use Framework Mapper to view the compliance status of a single vendor, or Portfolio Risk Findings, to view compliance across your entire portfolio.
Complete a CyberGRX standardized assessment questionnaire once, then share it instantaneously with as many prospective customers as you like, for free.
Data shows 70% of prospects accept a CyberGRX assessment, eliminating the need to complete a lengthy and redundant survey so deals move through procurement faster.
91% of our customers rate CyberGRX as important to their third-party risk management program.
Trusted by leading energy companies around the world:
CyberGRX enables our Risk Management Team to get more involved in the vendor selection process. We can be proactive and ‘bake’ security into the selection process.
Security ArchitectSmall Business Energy & Utilities Company
CyberGRX has provided a firm base on which to measure our security posture.
IT Manager
82% of surveyed CyberGRX customers realized a return on investment within the first year.
1 out of 2 organizations say CyberGRX threat profiles are integral to their day-do-day operations.
See how other energy companies are transforming cyber risk management.
Inside the Breach: Unraveling Iconic Data Breaches in the Energy Industry
You have to know the past to understand the present– words of wisdom in risk management. To understand the risk energy companies face and how they’re susceptible, it’s important to assess how recent and noteworthy attacks occurred. This article explores five of the most notable cyberattacks against the energy industry.
Electric Utilities and the Domino Effect of Cyber Attacks: Powering Up Against a Hidden Adversary
Electricity is the lifeblood of modern society. However, the recent surge in cyber attacks against critical infrastructure threatens continuous operation and service. Know your hidden adversaries and what you can do to protect your organization.
Navigating the Cybersecurity Landscape of Energy and Utilities: Is This Sector Cyber Resilient?
Ignoring TPRM is not an option in today's digital landscape; failure to prioritize third-party cyber risk management puts your entire organization at risk– learn how.
Nth Party Relationships and Supply Chain Risk Management
The growth of nth-party relationships reveals our interconnectedness, dependencies and why supply chain risk management is essential. See how to manage your risks.
Why Ignoring TPRM is Increasing Your Organization's Cyber Risk
Ignoring TPRM is not an option in today's digital landscape; failure to prioritize third-party cyber risk management puts your entire organization at risk–learn how.
This Energy & Utilities company struggled with vetting and onboarding new vendors and aligning third-party control gaps to common cyberattacks. See how CyberGRX helped them "bake" security into their vendor selection process.
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