Organizations lose an average of $4 million from a single non-compliance event.
If you’ve got data, then you have a legal obligation to protect it. Ensuring your vendors take the same precautions and adhere to the same industry standards as you can be a major challenge, not to mention the penalties for non-compliance are severe.
Traditionally, vendor compliance verification involves searching through questionnaire answers and connecting data points. The process is cumbersome, not to mention a huge time suck. How can you ensure your third parties are compliant with your regulatory obligations, without spending hours cross-referencing data?
Improve the efficiency and effectiveness of your compliance verifications.
CyberGRX provides the tools you need to identify, analyze, and remediate third-party security and privacy controls according to the industry regulations that apply to you.
Quickly see who meets your privacy and regulatory requirements– and who does not.
Map third-party assessment data to common and custom industry standard frameworks with CyberGRX’s Framework Mapper, to understand how your third party aligns to regulatory controls, including:
- NIST 800/CSF
- ISO 27001
Identify vendor compliance gaps.
Third-party deficiencies mean more risk for you. Know where the compliance gaps exist, so you can work with your vendor on a remediation plan, before it becomes a larger concern.
Continuously monitor vendors for ongoing compliance.
Compliance is never a one and done process. Get alerts when a
vendor’s security posture has changed, including data breaches,
cyber incidents, and dark web activity.
"CyberGRX offers us a cost-efficient, state-of-the-art means to manage third-party cyber risk. In our procurement process, we ensure that the residual risk maps to the services for a given third party."Matthew Sharp CISO, LOGICWORKS
Proven success in vendor compliance efficiency.
See how other organizations are leveraging CyberGRX to add speed, efficiency, and cyber risk intelligence to their compliance evaluation process, to make vendor decisions, faster.
Colgate Palmolive Company
“CyberGRX provided us the ability to include security compliance and controls when engaging with vendors during the procurement process.”
Colgate-Palmolive was challenged by the slow assessment process, which bogged down their vendor evaluations. Since using the CyberGRX Exchange, they are now able to make faster, smarter decisions vs. having only assessments. The return on their CyberGRX investment was immediate, citing, “CyberGRX improved our ability to make informed decisions regarding third-party cyber risks by 51-75%.
Enterprise Financial Services Company
“CyberGRX Predictive Risk Profiles provide us with dynamic and
immediate data on our third parties that we previously did not have with assessments alone.”
A financial services company struggled with chasing assessments, leaving little time to analyze the data for regulatory compliance. They are now successfully leveraging CyberGRX’s Predictive Risk Profiles, Framework Mapper, and Auto-Inherent Risk Ratings to assess third-party compliance, even when assessment data is absent. As a result, they have greater visibility into their vendors under management and report they have, “improved our third-party cyber risk management program through the ability to continuously monitor and analyze our third-party risk data beyond assessments and workflows.”
Small Business Financial Services Company
“CyberGRX has helped with our auditing process.”
A financial services company was challenged by the process of assessing third parties as part of their compliance program. Today, they are using CyberGRX Predictive Risk Profiles as a critical part of their compliance reviews, in conjunction with self-attested assessments. They now have more than 75% of their third parties under management, realized a return on their CyberGRX investment within the first year, and report that CyberGRX is very important to their overall TPRM program.
3 steps to
improving your vendor compliance evaluations:
- Upload your list of third
parties into our Exchange.
- Discover your blindspots.
- Manage your third-party
cyber risk confidently.