Inside the Breach: Analyzing Iconic Data Breach Examples in Retail & Hospitality
Retailers are tempting targets for cyberattacks. Learn from iconic data breach examples, and discover how to improve your data breach prevention tactics.
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60% of all retail security incidents come from third parties.
Hackers would like nothing better than to access your POS and customer data, AKA the “crown jewels” – and they’re using your third parties to gain entry. The reality is many retail risk management teams struggle with the sheer volume of incoming suppliers and the pressure to promptly evaluate them, increasing team stress and risk potential. With CyberGRX, you’ll see your third-party vulnerabilities and security gaps immediately, so you can confidently accelerate vendor decisions while protecting your company from third-party threats.
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.
Service outages from cybersecurity incidents destroy customer and internal confidence.
Proactively identify and evaluate your risks across your portfolio with Portfolio Risk Findings plus a suite of Threat Tools. Continuously monitor your third parties, including automated alerts when a third party’s security posture changes.
No more guessing; CyberGRX helps pinpoint your riskiest vendors and provides near real-time data to guide your risk decisions so you can protect your organization more effectively.
Managing risk while supporting growth and innovation can be challenging.
CyberGRX adds efficiency and scalability to your team by leveraging standardized assessment data and machine learning to pinpoint risk trends and gaps. In other words, CyberGRX helps you to find the risk needle in your third-party haystack, so you spend less time searching and can instead reallocate resources to risk analysis and remediation.
Completing assessments is a manual, time-consuming process, delaying deal closure.
Complete a CyberGRX standardized assessment questionnaire once, then share it infinitely and instantaneously with prospective customers.
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 RETAIL & HOSPITALITY
HOW CYBERGRX SOLVES
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.
Proactively identify and evaluate your risks across your portfolio with Portfolio Risk Findings plus a suite of Threat Tools. Continuously monitor your third parties, including automated alerts when a third party’s security posture changes.
No more guessing; CyberGRX helps pinpoint your riskiest vendors and provides near real-time data to guide your risk decisions so you can protect your organization more effectively.
CyberGRX adds efficiency and scalability to your team by leveraging standardized assessment data and machine learning to pinpoint risk trends and gaps. In other words, CyberGRX helps you to find the risk needle in your third-party haystack, so you spend less time searching and can instead reallocate resources to risk analysis and remediation.
Complete a CyberGRX standardized assessment questionnaire once, then share it infinitely and instantaneously with prospective customers.
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 retail and hospitality companies around the world:
CyberGRX Predictive Risk Profiles provide dynamic and immediate data on our third parties that we didn’t have with assessments alone.
Fortune 500 Retail Company
We simply would not have been able to staff the team to handle assessing risk for the number of vendors we have without CyberGRX.
Director of Risk Management
Hospitality Company
With CyberGRX, I feel very confident that each integrated vendor is secure.
Juan Chao
IT Manager
Colgate Palmolive
CyberGRX has allowed our organization to make faster, informed, and consistent decisions with our existing and potential third-party relationships.
IT Analyst
Small Business Hospitality Company
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TPRM resources for Retail & Hospitality
The Top Risk Management Challenges Facing Retail and Hospitality Industries Today
In this article, we explore the current risk management challenges of retail and hospitality industries and steps companies can take to manage risk more effectively.
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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.
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The State of Cyber Risk Management in the Retail Industry [Infographic]
This infographic provides an illuminating snapshot of the current state of cyber risk management in the retail sector, and the challenges faced by retail brands.
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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.
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Success Story of a Fortune 500 Retailer
This major retailer was able to overcome risk visibility challenges and improve their cyber risk management with the help of CyberGRX.
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