apexanalytix has recently unveiled its latest offering, Cyber Risk, a revolutionary solution designed to automatically evaluate the cybersecurity posture of every supplier. This cutting-edge tool also provides continuous monitoring of the dark web to detect any potential risk exposure and promptly responds to threats that may impact suppliers in real-time.
The importance of cybersecurity in today’s business landscape cannot be understated, with data breaches originating from business partners accounting for a significant 15% of all cyberattacks. These breaches come at a steep cost to organizations, averaging around $4.76 million each year. As cyber threats continue to evolve and pose a growing risk to supply chains in the coming years, it is crucial for businesses to have full visibility into their supplier network to effectively mitigate risks and safeguard against operational disruptions.
By bridging the gap between cybersecurity and vendor management teams, the Cyber Risk solution from apexanalytix empowers organizations to take control of their entire supplier ecosystem, ensuring the security and resilience of their operations. This seamless integration enables businesses to proactively manage cyber risks and adopt risk-aware strategies without being burdened by administrative tasks.
Charlie Clark, GM & EVP of apexanalytix’s Cyber Risk division, emphasized the significance of cyber risk management in today’s business landscape, stating, “Cyberattacks are the biggest threat to businesses today. By offloading the significant burden of cyber risk management, companies can worry less about the administrative tasks and focus more on executing the risk-aware strategies that enhance operational resilience.” Through innovative solutions like Cyber Risk, apexanalytix aims to not only strengthen customers’ defenses but also future-proof their businesses against emerging cyber threats.
One of the key features of the Cyber Risk solution is its ability to provide near-instant reports on data breaches or incidents impacting an organization’s suppliers. While traditional methods of identifying breaches may take an average of 207 days, this tool offers automated insights that are easily accessible to professionals without technical expertise in cybersecurity. This user-friendly approach allows businesses to monitor the health of their suppliers effectively and proactively address any potential risks.
Steve Yurko, CEO of apexanalytix, underscored the importance of comprehensive oversight in managing supplier risks, stating, “Supply chain attacks are expensive, disruptive and harmful, which is why businesses need complete oversight of critical threats to their suppliers. apexanalytix Cyber Risk provides companies a true ‘does it all’ solution that empowers a business-wide approach to supplier risk management.” This holistic approach ensures that businesses are equipped to handle and mitigate potential threats to their supplier network effectively.
With the launch of Cyber Risk, apexanalytix continues its mission to provide comprehensive risk management solutions to clients worldwide. Building on the success of previous offerings such as Passkeys and the apex Neural Engine, this latest solution represents a significant milestone in the company’s dedication to enhancing cybersecurity and risk management practices for businesses of all sizes. As the threat landscape continues to evolve, tools like Cyber Risk are essential for organizations looking to secure their operations and protect against potential cyber threats.