TEL AVIV, ISRAEL / ACCESSWIRE / September 4, 2024 / Cypago, a leader in Cyber Governance, Risk and Compliance (GRC) automation, has been recognized in the 2024 Gartner Hype Cycle for Cyber Risk Management as a Sample Vendor. This is the first year that the report has included Cyber GRC as a market category.
This recognition validates the rapid progress Cypago has made in its mission to transform the cyber GRC industry by bridging the gap between management, security and operations teams.
In addition, Cypago was named as a Representative Provider in a Gartner research note, Innovation Insight: Cyber GRC Streamlines Governance.
Gartner's Hype Cycle is a key strategic resource that provides a graphic representation of the maturity and adoption of emerging technologies and applications, designed to help organizations make informed decisions about their technology investments. In the report, Gartner stated that "Cyber governance, risk and compliance (cyber GRC) was added to reflect the evolving landscape of GRC management, emphasizing specialized solutions. This integration aims to simplify the buying process by clarifying vendor offerings. While some vendors focus on either cyber GRC or assurance GRC (enterprise risk management compliance and audit), others provide comprehensive platforms across multiple GRC domains."
"Navigating the ever-changing regulatory landscape can be challenging," the report explained, "but by aligning processes with relevant regulations, cyber GRC tools facilitate compliance management. This leads to enhanced organizational compliance visibility and trust with stakeholders, and addresses regulatory pressures for improved and accelerated risk visibility."
Cypago was founded by Chief Executive Arik Solomon, a former EY executive, and Chief Technology Officer Yahav Peri, a former officer in the IDF Intelligence Corps and a cybersecurity expert. Cypago's platform is designed to enable companies to streamline and automate the increasingly complex and unwieldy GRC processes that organizations have no choice but to maintain.
"As the GRC software space has evolved, it's traditionally focused on enterprises' legal, financial, and IT compliance. Meanwhile, cybersecurity risk and compliance has mostly been managed manually with spreadsheets," Cypago CEO Arik Solomon said. "However, the landscape has shifted dramatically over the past year, and CISOs now face an impossible task, managing an overwhelming number of controls from multiple frameworks, scattered data across cloud environments, rising operational costs, and the growing reality of personal liability. At Cypago, we anticipated these changes long ago, which led to our product launch last August. We understood that the future of cyber governance, risk, and compliance required a more robust, automated approach."
Cypago's Cyber GRC Automation platform combines SaaS architecture and advanced analysis and correlation engines with Generative AI and NLP-based automation to provide full coverage across all security frameworks and IT environments, including systems hosted in the cloud, on-premises and at the network edge. It provides hundreds of out-of-the-box automation templates for common security and compliance standards such as NIST CSF, NIST 800-53, SOC 2, and ISO 27001. Customers can also rapidly implement customized frameworks.
In addition, the Cypago platform provides customizable, no-code automated workflows for continuous control monitoring, forensic investigation, and gap discovery and mitigation. These solutions leverage simplified integrations with existing technology stacks for centralized visibility, management and enforcement, reducing operational friction for GRC teams and reinforcing trust with customers and stakeholders.
"Cyber-risk management, now a top concern for executives and regulators, utilizes multiple methods and techniques to support governance, risk management and compliance," Gartner noted. "Security and risk management (SRM) leaders must continually refine their cyber-risk management practices to align with business requirements, integrate process automation and leverage opportunities presented by advanced tool intelligence."
The complete 2024 Gartner Hype Cycle for Cyber Risk Management report is available for download here. For in-depth commentary on the implications for the cybersecurity and compliance industry, visit Cypago's blog.
Gartner, Hype Cycle for Cyber Risk Management, 2024, Michael Kranawetter, Jie Zhang, Pedro Pablo Perea de Duenas, 22 July 2024
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About Cypago
Cypago's revolutionary SaaS-based Cyber GRC Automation (CGA) platform redefines the three lines model by eliminating friction and bridging the gap between management, security, and operations. It transforms GRC initiatives into automated processes, enabling in-depth visibility, streamlining enforcement, and significantly reducing overall costs. The platform leverages innovative technologies, including advanced analysis and correlation engines, GenAI, and NLP models, designed to support any security framework in any IT environment, both in the cloud and on-premises. Cypago was founded in 2020 by tech leaders and cybersecurity veterans with decades of combined experience in the development, operations, and commercialization of cybersecurity solutions.