In Third-Party Risk Management, Signs of Maturity and Specialization

by CyberGRX

Amid rising sensitivity to third-party risks, driven in part by actions of financial services industry regulators in recent years, the launch of CyberGRX is seen as evidence of increasing sophistication and specialization in managing these types of operational and financial exposures. With an announcement in July of $9 million in Series A funding, CyberGRX — the letters stand for Global Risk Exchange — came out of stealth mode with what it terms “the most comprehensive third-party cyber risk management platform,” with product availability scheduled for early 2017. Risk Professional magazine/GARP.org, “In Third-Party Risk Management, Signs of Maturity and Specialization”