TechValidate Research on CyberGRX

These pages present data that TechValidate has sourced via direct research with verified customers and users of CyberGRX. TechValidate stands behind the authenticity of all published data. Learn more »



571 Customers Surveyed

3,424 Data Points Collected

85 Published TechFacts

6 Published Charts

49 Published Case Studies



Selected Research Highlights


CyberGRX Customer Satisfaction Rating

Mario Prado, an IT Manager at Fiorde Assessoria e Despachos LTDA, would be very likely to recommend CyberGRX for this reason:

CyberGRX has a great security ranking and analysis system, allowing us to better understand our security maturity and propose improvements.

CyberGRX Case Study

Fortune 500 Consumer Products Company

Introduction

This case study of a Fortune 500 consumer products company is based on a November 2021 survey of CyberGRX customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“The data CyberGRX provides me regarding my third parties helps me make faster, smarter decisions than having only assessments. Their Exchange is a modern approach to third-party cyber risk management that sees beyond assessments and workflows.”

Challenges

The business challenges and pain points that led the profiled company to evaluate and ultimately select CyberGRX:

  • Completed assessments took too long to receive
  • Lack of visibility against current cyber threats involving third parties

Use Case

The key features and functionalities of CyberGRX that the surveyed company uses:

  • Assessing third-party vendors as part of the procurement process
  • Monitoring third parties as part of a compliance program
  • Assessing third-party cyber risk as part of the security process

Results

The surveyed company achieved the following results with CyberGRX:

  • Realized a return on their investment in CyberGRX in 3-6 Months.
  • They said that CyberGRX improved their ability to make informed decisions regarding third-party cyber risks by 26-50%.

Compared to other tools how they rated the following features of CyberGRX:

  • Third Party Assessment, Auto-Inherent Risk Ratings, and Third-Party Threat Intelligence Score: Best in Class
  • Framework Mapper and Threat Profiles: Significantly Better

CyberGRX has been important in improving the surveyed company’s cybersecurity posture. They agree that CyberGRX’s threat profiles are:

  • Integral to their day-to-day operations
  • Used frequently by their team
  • Used when a new attack occurs to understand our risk

CyberGRX Case Study

Medium Enterprise Real Estate Company

Introduction

This case study of a medium enterprise real estate company is based on a November 2021 survey of CyberGRX customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“CyberGRX is a modern approach to third-party cyber risk management that sees beyond assessments and workflows.”

Challenges

The business challenges and key pain points that led the profiled company to evaluate and ultimately select CyberGRX:

  • Procurement-focused third party process without security involvement
  • Lack of visibility against current cyber threats involving third parties
  • No benchmarkable data to share with C-suite and/or Board

Use Case

The key features and functionalities of CyberGRX that the surveyed company uses:

  • Assessing third party vendors as part of the procurement process
  • Monitoring third parties as part of a compliance program
  • Assessing third party cyber risk as part of the security process

Results

The surveyed company achieved the following results with CyberGRX:

  • Realized a return on their investment in CyberGRX in 3-6 months.
  • They said that CyberGRX improved their ability to make informed decisions regarding third-party cyber risks by 51-75%.

They agree that the following features of CyberGRX are better than the competitive tools:

  • Auto-Inherent Risk Ratings
  • Framework Mapper
  • Threat Profiles
  • Third-Party Threat Intelligence Score

CyberGRX has been important in improving the surveyed company’s cybersecurity posture. They agree that CyberGRX’s threat profiles are integral to their day-to-day operations.

CyberGRX Customer Research

What do you use CyberGRX for?

Assessing third party vendors as part of the procurement process (vetting and onboarding)
87%
Assessing third parties as part of a compliance program (assessment audits)
70%
Continuously monitoring third parties as part of a cybersecurity program
64%
Aligning third party control gaps to common and recent cyberattacks
32%
Establishing industry benchmarks to improve my own third-party cyber risk program
15%

CyberGRX Customer Research

Surveyed IT professionals use CyberGRX to improve their cyber risk management in several key ways:

Assessing third party vendors as part of the procurement process
86%
Assessing third party cyber risk as part of the security process
79%
Monitoring third parties as part of a compliance program
52%
Aligning third party control gaps to common and recent cyberattacks
17%
Establishing benchmarks for industry security
7%
Mapping third party vendors to industry standards
7%

CyberGRX Customer Testimonial

CyberGRX is a platform you can trust, and they provide a good representation to potential customers in sharing our security posture with them.

Kushtrim Krasniqi, Security Analyst, Celonis



More to Explore



About CyberGRX

With 360-degree correlated data and rich, diverse analytics to support real-time decision-making, you have more insight into your third-party cyber risk surface than ever before.

CyberGRX Website   CyberGRX Website