CyberGRX, provider of the world’s first and largest global risk exchange, today announced that Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine, has named CyberGRX a winner in the 2022 CDM Global InfoSec Awards. CyberGRX was named Hot Company in the Third-Party Cyber Risk Management (TPCRM) category. This is Cyber Defense Magazine’s tenth year honoring the most innovative and valuable cyber defense companies from around the globe with winners being announced at the annual RSA Conference in San Francisco, CA.
Third-party breaches, supply chain attacks and vendor ransomware attacks are becoming increasingly more common as connected ecosystems expand. The attacks against SolarWinds and Kaseya are perfect examples of the domino effect that occurs when a third-party is attacked. These incidents go beyond just impacting organization’s data, but also negatively affects global economies and supply chains. CyberGRX is able to identify trends and create benchmarks by leveraging structured data and actionable intelligence which allow customers to strengthen third-party relationships through collaborative and proactive risk mitigation.
“CyberGRX embodies three major features we judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
CyberGRX provides third parties with a single place to create a security profile on the Exchange, enabling them to share with their customers as needed to ensure real-time risk management collaboration. On the other side of the Exchange, customers can see the security profiles of all their third parties, analyze and monitor them against their own controls, and work together on a risk remediation strategy. These capabilities and features empower users to collaborate with other organizations and reduce shared risk. As a result, enterprises spend less time assessing their third parties and increase the effectiveness of their security procedures.
“We are honored to be recognized by the CDM awards program as a leader in the third-party cyber risk management market. Our Exchange platform provides unmatched depth and breadth of cyber risk data, giving our customers access to insights unattainable anywhere else. By leveraging standardized data and machine learning, we empower our customers to confidently identify, analyze and mitigate risks across their entire vendor portfolio,” said Fred Kneip, CEO of CyberGRX. “Our team has worked tirelessly to develop innovative new products that are completely revolutionizing how organizations structure their TPCRM programs. I am tremendously proud of all that we have accomplished and am excited for what the future holds and the innovations we’ll continue to develop.”