CyberGRX > Case Studies > A Force Multiplier for Third-Party Cyber Risk Management

A Force Multiplier for Third-Party Cyber Risk Management

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 A Force Multiplier for Third-Party Cyber Risk Management - IoT ONE Case Study
Technology Category
  • Platform as a Service (PaaS) - Application Development Platforms
  • Sensors - Haptic Sensors
Applicable Industries
  • Telecommunications
Use Cases
  • Cybersecurity
  • Inventory Management
  • Cybersecurity Services
The Challenge
Blackstone needed a force multiplier to create an efficient, effective, and scalable third-party cyber risk management program.
The Customer
About The Customer
Blackstone is a leading investment firm with over 3,000 vendors and a portfolio of over 100 companies, each with tens of thousands of vendors.
The Solution
CyberGRX's platform helped Blackstone create a more efficient third-party risk management program by providing risk ranking, advanced analytics, and a shared assessment platform.
Quantitative Benefit
  • Blackstone anticipates assessing 3x the number of vendors in the first year and reduced the resources allocated to the assessment process from 1 to 0.5 FTE.

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