CyberGRX Limra And Loma, Ll Global, Inc.

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CyberGRX Case Study

Limra And Loma, Ll Global, Inc.

Introduction

This case study of LIMRA and LOMA, LL Global, Inc. is based on a May 2023 survey of CyberGRX customers by TechValidate, a 3rd-party research service.

“CyberGRX is a time saver! It is the best solution for standardizing risk assessments.”

Challenges

What key pain points have you experienced prior to using CyberGRX?

Too much time spent completing bespoke assessments
Urgent and unplanned bespoke assessment requests for presale procurement
A lack of control over cyber reputation and risk posture due to use of security ratings and outside-in scanning tools
Too much time needed to address customer follow up questions or requests post-assessment share

Use Case

What do you use CyberGRX for?

Proactively sharing our CyberGRX assessment with customers who send us assessment requests outside of CyberGRX
Monitoring our risk profile and cyber reputation within the CyberGRX Exchange platform
Assessing our own third party vendors as part of the procurement and/or risk management process
Utilizing CyberGRX assessment and profile insights to prioritize improvements to our program

When asked what role the CyberGRX assessment occupies within their overall program, they said “It is the default assessment used for all current and prospective customer requests below a certain threshold (revenue, size, etc.).”

In the next 6-12 months, which of the following ways will you use CyberGRX to improve your risk posture?

Authorize more CyberGRX customers access to our CyberGRX assessment data
Update our CyberGRX profile & refresh our assessment

Results

Thinking about the challenges typically encountered in a third-party cyber risk management program, how well has CyberGRX helped you improve your overall program management?

Too much time spent completing bespoke assessments: significantly reduced this challenge
Urgent and unplanned bespoke assessment requests for presale procurement: significantly reduced this challenge
Too much time needed to address questions or requests post-assessment authorization: significantly reduced this challenge

On a monthly basis, they said that CyberGRX has contributed 1-5 hours of time savings within their third-party cyber risk program.

CyberGRX has enabled us to:

Share our security assessment data with any customer
Reduce time spent on assessment requests resulting in faster deal flow
Have higher confidence in our risk posture and cyber reputation
Effectively prioritize our cyber approach, remediation, and refresh through a single assessment

TechValidate Research on CyberGRX

Limra And Loma, Ll Global, Inc.

Introduction

Challenges

Use Case

Results

Company Profile

About CyberGRX

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