ADP has reached a significant assessment-sharing milestone, sharing its validated cyber risk assessment over 1,000 times. By sharing CyberGRX’s assessment, ADP customers can access ADP’s risk profile, which details compliance with regulatory frameworks, security controls coverage, and more.
With over 250,000 companies on the Exchange, the CyberGRX platform produces standardized and actionable data that goes beyond the results of traditional security assessments to deliver unique and predictive insights across an entire portfolio of third parties. From inherent and residual risk views to mapping against common and customized frameworks to providing control gap analysis using threat profiles and attack analytics against real-life cyberattacks, CyberGRX provides the most comprehensive and actionable risk profile available. This model allows organizations to select the controls or frameworks that are most important to their business and provide validated responses for their review.
“Our goal is to make third-party risk management easier for everyone, removing burdens placed on security professionals evaluated by third parties and company executives,” said Fred Kneip, CEO of CyberGRX. “By working with companies like ADP, we are able to demonstrate the power of the ‘complete once, share with many’ model and play a pivotal role in reducing risk, maintaining compliance, and enhancing operational efficiency.”
CyberGRX helps companies like ADP modernize and simplify their risk management program by replacing outdated static spreadsheets, ending repetitive requests to access assessments annually, and making a standardized assessment available early in the audit process. With this approach, companies can eliminate the need to complete over 70% of incoming security questionnaires and accelerate the sales cycle for their business. Most organizations realize ROI within the first year of maturing their vendor risk management program with CyberGRX.
Read more about how other organizations are improving assessment efficiency, making smarter third-party risk decisions, and growing confidently with CyberGRX.