Reduce Third-Party Risk Management Costs with CyberGRX

By CyberGRX

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

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 VS With CyberGRX
Vendor risk management technology platform Reduce Third-Party Risk Management Costs with CyberGRX CyberGRX SaaS Exchange
$75,000 Included in annual subscription
Sending and managing excel-based questionnaires Automated data collection and curation
1 person = $96,000 Included in annual subscription
Dedicated TPRM analysts third party cyber risk analyst TPCRM Assessment, validation and quality assurance via
$192,000 CyberGRX analysts Included in annual subscription
Performing control validation third party cyber risk management control validation Shared cost model with CyberGRX’s Exchange
$300,000 $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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