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CyberGRX Drives Significant Growth in 2020; Advances Global Third-Party Cyber Risk Market
Company brings enhanced efficiency to TPCRM programs through market expansion, proprietary research and product enhancements
DENVER (BUSINESS WIRE) CyberGRX, provider of the world’s first and largest global cyber risk exchange, demonstrated impressive growth in 2020. In a year marked by seismic shifts and challenges, CyberGRX evolved their proprietary, data-forward approach to third-party cyber risk management (TPCRM), fulfilling a critical market need to prioritize and reduce vendor risk just as the business imperative to embrace digital transformation surged. The strength of CyberGRX’s approach to TPCRM is underscored not only by achieving over 100% revenue growth this year, but also by the 180% increase in validated assessments on the Exchange. Additionally, in the company’s first year in the Australian market its customer base grew by 375%, contributing to nearly 14% of total annual