CyberGRX Recognized for Innovation and Collaboration in Third-Party Risk Management

2 minute read

March 2023

by cybergrx

CyberGRX has been named the recipient of eight awards from the 2023 Cybersecurity Excellence Awards and Cybersecurity World Awards. Both award programs recognize top information technology and cybersecurity companies, products, and professionals across the globe.

In the Cybersecurity World Awards, CyberGRX was named one of the few Grand Trophy Winners, selected explicitly by judges. This recognition is a testament to CyberGRX’s commitment to delivering best-in-class risk management capabilities and fostering a community for like-minded professionals to collaborate and reduce shared risk. CyberGRX received individual recognition in the following Cybersecurity World Award categories: 

  • Gold Winner for Security Assessment Management
  • Gold Winner for Vendor Risk Management
  • Gold Winner for Third-Party Vendor Risk Management
  • Silver Winner for Cybersecurity Thought Leadership of the Year

CyberGRX was also recognized in the following categories by Cybersecurity Excellence Awards: 

  • Silver Winner – Cyber Threat Intelligence North America (between 100 to 499 employees)
  • Gold Winner – Cyber Assessment North America (between 100 to 499 employees)
  • Gold Winner – Third-Party Risk Management North America (between 100 to 499 employees)

CyberGRX is unlike any other risk management solution due to its comprehensive data on over 225,000 third parties, enabling security practitioners to stop chasing vendors or waiting for assessment data. CyberGRX’s third-party risk management platform leverages standardized and structured data sets plus machine learning allowing customers to identify, analyze and mitigate risks across their entire portfolio, respond to breaches, and plug security gaps quickly. CyberGRX also brings in other data intelligence sources via partnerships with Recorded Future, RiskRecon, and ServiceNow, which enable the company to go beyond baseline vendor risk management to holistic cyber risk management capabilities. 

CyberGRX was also recognized for its collaboration efforts. Through its collaborative crowdsourcing initiative, the company is leading the charge in helping security and risk professionals “connect the dots” between headline-grabbing breaches and an organization’s known and unknown risks. CyberGRX built Cyber Risk Nation, a member-based community of security and risk professionals dedicated to solving the biggest cybersecurity challenges facing companies today. Within this community, CyberGRX empowers members to explore new risk management tactics, interact with like-minded individuals, and receive accolades plus personal rewards that help reduce shared cyber risk and advance personal careers.

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ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit www.processunity.com.