TechValidate Research on CyberGRX


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.

“CyberGRX has helped to identify and flush out the prospective security risks while engaging with third-party for their softwares and applications.”

Challenges

The surveyed company was experiencing that completed assessments took too long to receive, leading them to evaluate and ultimately select CyberGRX.

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
  • Aligning third party control gaps to common and recent cyberattacks
  • 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 1-3 in months.
  • They said that CyberGRX improved their ability to make informed decisions regarding third-party cyber risks by 51-75%.

They rated the following features of CyberGRX better than competitive tools:

  • Third Party Assessment
  • 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
  • Used frequently by their team
  • Used when a new attack occurs to understand their risk




About This Data

This data was sourced directly from verified users of CyberGRX by TechValidate.

TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


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