CyberVadis

About

CyberVadis began its journey as a spin-off from EcoVadis in 2022, a well-established name in business sustainability ratings. Recognizing the critical and growing need for specialized third-party cybersecurity risk management, CyberVadis was formed to address this specific challenge. Traditional vendor risk assessments were often proving to be time-consuming, inconsistent, and ill-equipped to handle the rapidly evolving landscape of cyber threats. CyberVadis set out to change this by building a SaaS solution designed to automate and streamline the process. The core mission was, and continues to be, empowering organizations with a smarter, faster, and more reliable way to secure their entire ecosystem and effectively mitigate the risks associated with third-party vendors. From its inception, the company focused on providing evidence-based assessments, moving away from static questionnaires towards a more dynamic and thorough evaluation process. This approach involves not only leveraging automation for speed and scalability but also incorporating the expertise of in-house security analysts to validate results and ensure accuracy. The methodology was carefully developed to align with major international compliance standards such as NIST, ISO 27001, and GDPR, offering a globally recognized framework for evaluating cybersecurity postures. This commitment to robust and reliable assessments quickly gained traction, and CyberVadis began serving a diverse range of industries. The platform was designed to provide businesses with a standardized cybersecurity rating that could be easily shared, along with a detailed improvement plan to help vendors enhance their security maturity. This collaborative approach, working with both the assessing companies and the assessed suppliers, has been a key element of CyberVadis's strategy, fostering a culture of continuous improvement in cybersecurity practices across global supply chains. With a significant Series A funding round in 2023, CyberVadis is poised to further accelerate its innovation, expand its teams, and enhance its platform to meet the ever-increasing demands of third-party cyber risk management.