TechValidate Research on CyberGRX


CyberGRX Case Study

Global 500 Professional Services Company

Introduction

This case study of a Global 500 professional services 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 key pain points that led the profiled company to evaluate and ultimately select CyberGRX:

  • Completed assessments took too long to receive
  • Procurement-focused third party process without security involvement
  • Assessment data is not organized or actionable in a way to help me make decisions

Use Case

The surveyed company leverages functionalities of CyberGRX to assess third party vendors as part of the procurement 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%.

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

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

The surveyed company agrees that CyberGRX has been important in improving their cybersecurity posture.





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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