Finding the perfect cybersecurity solution can be difficult considering the numerous factors that must be taken into account, such as the industry your organization works in, the number of vendors that are managed, the approved budget to find an adequate security solution, or the specific use cases for your organization. However, it ultimately comes down to how your organization decides to utilize the software, which means understanding all the possible alternatives in the same VRM/ASM space.
Expensive, non-scalable pricing model Slow security scanning (up to 72 hours) No data leak detection or monitoring services Does not manage vendor https://www.upguard.com/blog/cyber-security-risk-assessment internally Security questionnaires are purchased through a third-party platform Poor security ratings (according to UpGuard Security Ratings system)
Small customer base Large volumes of incoming data with no organization in the platform Unintuitive and difficult-to-use platform Lack of third-party app integrations Does not offer security assessment questionnaires No end-to-end, automated vendor risk management process
They have an automated questionnaire process in place to assist in the vendor risk assessment process and allow easy access to vendor data.