The launch of AI-Powered Security Profiles and Instant Risk Assessments will allow UpGuard users to uncover vendor control gaps in minutes and generate point-in-time risk assessments in under 60 seconds
CALIFORNIA, CA – 26 FEBRUARY 2025 – UpGuard, the global leader in cybersecurity ratings and risk management software, has officially launched transformative third-party cyber risk management (TPCRM) capabilities via the release of new AI-Powered Security Profiles and Instant Risk Assessments. These AI-powered features enable UpGuard users to streamline the vendor assessments process to minutes and generate comprehensive risk assessment reports in under 60 seconds.
The launch of UpGuard’s AI-Powered Security Profile and Instant Risk Assessments marks a pivotal step in transforming TPCRM for the sector at large and forms the foundation of UpGuard’s broader Artificial Intelligence strategy.
“This is an exciting enhancement of UpGuard’s leading cybersecurity platform, signalling a big step forward in ensuring cybersecurity teams are able to keep up with the pace of emerging risk to deliver a more secure supply chain. Our new AI-Powered Security Profile means customers no longer need to depend on outdated security questionnaires or time-consuming manual reviews, instead they're able to share critical information and insights in minutes,” commented Dan Bradbury, Head of Product, UpGuard.
Manual third-party risk management remains slow and resource-intensive. UpGuard’s new AI-powered platform delivers real-time visibility into vendor security and enables proactive risk management and remediation efforts. These enhancements ensure critical cybersecurity insights can be efficiently shared across all levels of an organization, from hands-on cybersecurity analysts to high-level decision-makers.
UpGuard customers use their Security Profile to assess vendors by combining automated scans, pre-scanned public data, vendor-supplied evidence, and AI-driven insights.
Once risks and control gaps – areas where a vendor's security measures are missing, insufficient, or ineffective – are identified, customers can trigger risk management actions like requesting vendor remediation or waiving certain risks. After completing these steps, they can instantly generate a detailed AI-driven risk assessment report, summarising key findings and activities in under 60 seconds.
UpGuard’s new AI-powered features allow customers to:
- Improve vendor analysis and remediation timelines by reducing manual workloads
- Develop simplified, data-based insights to disseminate critical cybersecurity information to decision-makers, leadership and the board
- Manage cybersecurity risk proactively with a unified, organization-wide approach
- Streamline and scale cybersecurity operations through consistent, repeatable assessment tools
As a market leader and continued innovator, UpGuard will soon expand its assessment features to support compliance mapping against additional frameworks and standards, alongside custom controls. Gartner® predicts that, “by 2028, 50% of IT vendor risk management programs will leverage AI, reducing required staff for risk assessment by over 25%.”
“With a track record of innovation, being the first to combine cybersecurity ratings with security questionnaires back in 2017, we remain focused on delivering transformative features that simplify how businesses proactively manage and reduce cyber risk. The AI-Powered Security Profiles and Instant Risk Assessments are the start of a long and exciting AI journey for UpGuard,” continues Bradbury.
Every UpGuard Vendor Risk customer can access the new AI-powered tools from today, with further platform updates and new integrations to appear throughout 2025. Learn more about UpGuard's AI capabilities for enhancing third-party risk management, through its full suite of AI features.
Join UpGuard for an exclusive webinar on Wednesday 5th March to explore the latest AI-powered innovations in third-party risk management. Register here.
*Gartner, Cool Vendors in Third-Party Risk Management, Luke Ellery, Joanne Spencer, 24 September 2024. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
NOTES TO EDITORS
- To learn more about UpGuard’s AI capabilities, visit www.upguard.com/product/vendorrisk/ai
- A full suite of UpGuard creative assets including Vendor AI, brand logos, spokesperson images and insights 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, we proactively identify security vulnerabilities for organisations of all sizes.
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charlotte.hartley-wilson@upguard.com
