PRESS RELEASE

DENVER--(BUSINESS WIRE) -- CyberGRX, provider of the world's first and largest global risk exchange, today announced the winners of the inaugural Cyber Risk Nation Awards. These awards honor leaders who have taken control of their corporate third-party risk management (TPRM) programs, proving that it is possible to overcome the limitations of traditional risk management.

The cyber threat landscape is constantly changing, impacting risk levels and priorities at a company level and within the broader ecosystem. These honorees have implemented malleable risk management strategies that adjust to the positive—and negative—changes in cyber risk that ultimately impact business continuity, reputation, and profitability. Because of the work of these forward-thinking leaders, risk management is solidifying its position as a core business function, serving as a catalyst for new business deals, technology integrations, regulatory compliance requirements, and more.

CyberGRX is proud to recognize the following individuals and their companies for elevating their TPRM programs. The success realized as a result of their endeavors is widely recognized amongst their peers:

"The winners of the inaugural Cyber Risk Nation Awards have each challenged the status quo to explore new risk management tactics, spearheading dialogue with both internal and external stakeholders to bring innovation into their environments," said Fred Kneip, CEO, CyberGRX. "We are proud to witness the work being done by these individuals and the contributions they have made to their organizations' security programs and the larger community."

As leaders mature their risk management programs, they are increasingly leveraging cyber risk intelligence and insights into emerging threats to pinpoint control gaps where third-parties are not meeting quality standards in their own risk posture. This allows the organizations themselves to assess and take steps to ensure proper cyber defenses. Additionally, by making a standardized assessment available early on in the audit process, organizations can eliminate the need to complete over 70% of incoming security questionnaires and accelerate the sales cycle for their business. As a result, the majority of organizations realize ROI within the first year of maturing their vendor risk management program with CyberGRX.

Genevieve White, Head of Security Sales at Telstra said "Our relationship with CyberGRX helps make us a stronger business partner, through enabling us to assess and mitigate risk, and helps to deliver our customers an approach to third party risk management from procurement and onboarding to engagement."

In the coming weeks, CyberGRX will be hosting podcasts with the winners, discussing in depth the way they tackle third-party risk management at their organizations. To learn more, visit https://www.cybergrx.com/cyberrisknation.

About CyberGRX

CyberGRX is the world’s first and largest third-party risk Exchange, equipping organizations with unparalleled cyber risk intelligence. Powered by 13,000 attested assessments, 250,000 company profiles, data on 425 of the 500 most commonly requested vendors, and 100% standardized data, only CyberGRX provides third-party threat intelligence, predictive risk insights, outside-in scanning and scoring, and a portfolio-wide view of security gaps. As a result, cybersecurity professionals can plan appropriately, make decisions confidently, and sleep soundly. CyberGRX is trusted by leading brands around the globe and was designed with partners including Aetna, Blackstone, and MassMutual. Learn more at CyberGRX.com.