UpGuard, the third-party risk and attack surface management platform, has been recognized as a Representative Vendor in the 2022 Gartner Market Guide for IT Vendor Risk Management Solutions report. As a Representative Vendor, UpGuard is one of 20 IT VRM solution providers listed in the report from an estimated market of at least 50 vendors, according to Gartner.
The report examines the IT VRM market’s capabilities, differentiations, and how external factors are shaping its current direction. UpGuard is recognized in both the GRC/VRM and Risk Exchange or Marketplace IT VRM categories listed in the report.
UpGuard Vendor Risk combines security ratings, security questionnaires, data leak detection, security profiles, and risk assessment workflows to provide organizations with a complete view of their vendors' security postures.
“With the growing threat of third-party data breaches, organizations need capable IT VRM solutions that can assess their cyber risk exposure at any given time,” said Kaushik Sen, Chief Marketing Officer at UpGuard. “Our customers value the ability to gain instant risk insights, continuously monitor their vendors, and maintain an effective third-party risk assessment framework all within the UpGuard platform.”
According to Gartner, by 2025, 60% of organizations will use cybersecurity risk as a significant determinant in conducting third-party transactions and business engagements.
You can use a Market Guide to understand how the status of an emerging market aligns with your future plans. In addition, since Gartner has published over 100 Market Guide research notes, IT and strategic leaders can gain a broad view of many markets, including mature and smaller markets, in an easy-to-read format.
Full report available at: https://www.upguard.com/gartner
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About UpGuard
UpGuard helps businesses manage cybersecurity risk. UpGuard’s integrated risk platform combines third-party risk management, security questionnaires, and threat intelligence capabilities to give businesses a full and comprehensive view of their attack surface.
Contact us: press@upguard.com
