New AI-powered tool allows teams to complete security questionnaires faster, available at no cost for security professionals
SYDNEY, AUSTRALIA — 30 OCTOBER 2024 — UpGuard, the global leader in cybersecurity ratings and third-party risk management, today announced the launch of Trust Exchange with a significant upgrade to its Questionnaire AI capabilities. The new feature allows teams to quickly autofill security questionnaires using existing security documentation such as SOC 2 reports and policy documents, alongside previously completed questionnaires. Unlike similar offerings, UpGuard’s Trust Exchange is free to anyone, helping time-poor security teams around the globe benefit from AI-powered productivity savings.
“Trust Exchange was built to tackle one of the most frustrating bottlenecks in the security world– lengthy, manual questionnaire processes,” said Dan Bradbury, Chief Product Officer at UpGuard. “With our expanded Questionnaire AI, we’re not just speeding things up, we’re removing the guesswork and human error that can slow companies down. It’s about freeing up teams to focus on their bigger security challenges, while building trust faster and more effectively with their partners.”
Key features and benefits:
- Faster questionnaire completion: Security teams can upload existing SOC 2 reports and previously completed questionnaires to auto-populate responses. UpGuard’s AI completed 77% of a 100+ question questionnaire in a few minutes using a SOC 2 report and previously completed answers.
- Improved accuracy and insights: The AI-driven autofill minimises human errors, ensuring consistent responses that align with the company’s security posture. Ninety-eight percent of autofill suggestions are accepted and verified by users.
- Free to use: UpGuard’s Trust Exchange is available free of charge. Security teams can benefit from AI-powered questionnaire management without any added costs, making it ideal for small teams and startups.
Real-world impact
UpGuard’s AI capabilities have already been used over 160,000 times by thousands of security professionals worldwide. Additionally, UpGuard’s sales engineering team cut their questionnaire completion time by half, saving up to 4 hours per week. This improvement not only accelerates vendor onboarding and reassessment but also helps establish trust between parties, facilitating smoother transactions and business operations.
Empowering security teams
Questionnaire AI is designed with flexibility, catering to IT and security teams who face resource constraints. Teams can quickly respond to questionnaires without the high costs and inefficiencies associated with traditional tools.
Questionnaire AI is available now in UpGuard’s Trust Exchange product.
To discover more about UpGuard’s latest innovations, register for the upcoming UpGuard Summit, a virtual conference that unites global security leaders to explore the future of smart cyber risk.
NOTES TO EDITORS
- Images of Questionnaire AI are available on request
- A full suite of UpGuard brand assets can be found HERE
ABOUT UPGUARD
Born in Hobart, Australia and scaled in Silicon Valley, UpGuard is a cybersecurity platform that helps global organisations prevent data breaches, monitor third-party vendors, and improve their security posture. Using proprietary security ratings, world-class data leak detection capabilities, and powerful remediation workflows, UpGuard proactively identifies security vulnerabilities for organisations of all sizes.
PRESS CONTACT
Charlotte Hartley-Wilson
PR Manager
charlotte.hartley-wilson@upguard.com
