Reduce Third-Party Risk Management Costs with CyberGRX

Third-party cyber risk management is overwhelming and costly, especially with ever-growing vendor ecosystems. Streamline, scale, and minimize costs with CyberGRX.

 

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The CyberGRX Effect

 

Rather than maintaining a one-to-one relationship between companies and their third parties, the CyberGRX Exchange streamlines and catalyzes the process by sharing one dynamic assessment with many enterprises. Our shared cost model reduces both risk and cost.

Without CyberGRX

 

Vendor risk management technology platform

 

$75,000

VS

 

vendor risk management software

With CyberGRX

 

CyberGRX SaaS Exchange

 

Included in annual subscription

Sending and managing excel-based questionnaires

 

1 person = $96,000

cyber risk assessment

Automated data collection and curation

 

Included in annual subscription

Dedicated TPRM analysts

 

$192,000

third party cyber risk analyst TPCRM

Assessment, validation and quality assurance via

CyberGRX analysts Included in annual subscription

Performing control validation

 

$300,000

third party cyber risk management control validation

Shared cost model with CyberGRX’s Exchange

$120,000

$663,000

Total Estimated Cost

$120,000

“CyberGRX is a force multiplier for our third-party cyber risk management program. In just the first year we will be able to assess 3x more vendors than we assessed last year and reallocate the resources saved to true risk management and mitigation efforts.”

 

-Adam Fletcher CISO of Blackstone

 

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Ready to reduce risk and cost?

 
 

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