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apexanalytix Launches Cyber Risk Solution to Bolster Supply Chain Security

apexanalytix, a prominent provider of global supply chain risk management data, software, and services, has unveiled its latest solution: Cyber Risk. This new solution aims to automatically assess the cybersecurity posture of every supplier, continuously monitor the dark web for risk exposure, and respond to threats impacting suppliers in real-time.

The need for robust cybersecurity in supply chains has never been more critical. Business partner data breaches account for 15% of all cyberattacks, costing organizations an average of $4.76 million annually. With cyberattacks projected to be the top threat to supply chains over the next five years, businesses require full visibility into their suppliers to mitigate risks and prevent operational disruptions effectively.

“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,” stated Charlie Clark, General Manager & EVP of apexanalytix’s Cyber Risk division. “Cyber risk is a business risk. With our new Cyber Risk solution, we're not just fortifying customers’ defenses, we're future-proofing their business.”

Apexanalytix’s Cyber Risk solution addresses the critical need for rapid identification of data breaches. While the average data breach takes 207 days to identify, the Cyber Risk feature provides near-instant reports on breaches or incidents impacting an organization’s suppliers. This allows companies to act swiftly, reducing potential damage and operational disruptions.

The solution is designed to be user-friendly, offering automated insights that do not require technical expertise. This accessibility ensures that even professionals who are not cyber risk experts can effectively monitor the health of their suppliers.

“In today's digital landscape, threats lurk in every shadow – and it's imperative that everyone within an organization stays vigilant,” said Steve Yurko, CEO of apexanalytix. “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."

The launch of Cyber Risk follows other significant innovations from apexanalytix, such as Passkeys and the apex Neural Engine. These developments underscore the company's commitment to providing comprehensive risk management solutions to clients worldwide, ensuring their operations remain resilient in the face of evolving cyber threats.

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