VENDOR iQ, Announces Strategic Partnership with apexanalytix to Enhance Supply Chain Cybersecurity
VENDOR iQ, the leader in supply chain optimisation for the financial services industry, proudly announces a strategic partnership with apexanalytix. This collaboration will enable VENDOR iQ’s clients to enhance their third-party due diligence and strengthen their operational resilience against a serious, high-profile threat to their data and supply chains.
apexanalytix | Cyber Risk’s advanced cyber intelligence data is being integrated into the VENDOR iQ platform, significantly enhancing the multifaceted surveillance alerts and oversight intelligence enjoyed by the UK financial institutions who utilise the technology.
Addressing Cyber Threats in Supply Chains
Cyber breaches pose significant threats to business operations and reputations, leading to stolen customer data and immense financial risks. Alarmingly, most of these breaches are detected far too late averaging 212 days.
With third-party breaches surging by 49% year-on-year and affecting 61 out of every 100 companies last year, timely and effective responses are more crucial than ever. This new partnership will help UK financial institutions to identify concerns and incidents within their suppliers; enabling them to collaborate efficiently when it matters most.
Enhanced Surveillance and Intelligence
Apexanalytix | Cyber Risk monitors the dark web and other sources for indications of cyber attacks or data breaches impacting companies around the world. Through this partnership, VENDOR iQ clients can gain timely visibility of potentially harmful incidents when any supplier is impacted. This innovative approach leverages cyber risk experts and proprietary technology from apexanalytix and VENDOR iQ.
Customers gain three key benefits by incorporating apexanalytix’s world-class cyber vulnerability data, VENDOR iQ’s extraction and synthesis process to deliver the most comprehensive and actionable insights and alerts.
- World Class Cyber Monitoring: Gain meaningful visibility of emerging vulnerabilities and incidents impacting suppliers, helping UK financial institutions to protect their data, operations and reputation against the impact of supplier cyber attacks.
- Actionable Cyber Intelligence: Unlike overwhelming data feeds, VENDOR iQs extraction and synthesis process ensures that only relevant, pre-analysed intelligence reaches our customers; helping them to respond efficiently as incidents emerge.
- Optimised Supply Chain Activity: The integration of vulnerability and cyber monitoring within VENDOR iQ’s extensive intelligence sets establishes our solution as one of the most comprehensive and reliable monitoring partners for any financial services business.
By synthesising apexanalytix’s advanced cyber intelligence with our extensive data sources, VENDOR iQ truly does provide unparalleled protection and operational resilience, empowering businesses to stay ahead of cyber threats and secure their supply chains effectively.
Meeting Client Challenges Head-On
With global regulators emphasising operational resilience, robust supply chain management has become crucial. Financial services institutions are now held accountable for managing their supply chains effectively. VENDOR iQ and apexanalytix are committed to addressing these critical challenges.
Our partnership combines industry expertise and cutting-edge technology to protect businesses from growing threats, ensuring operational resilience and compliance with regulatory standards.
Kevin Mitchell, CEO and Co-Founder of VENDOR iQ, stated, “Our partnership with apexanalytix marks a significant step forward in our mission to provide unparalleled supply chain oversight and intelligence. By integrating their advanced cyber intelligence data, we are equipping our clients with all the insights and tools they need to optimise and maintain the integrity of their supply chains.”
Charlie Clark, General Manager and EVP of apexanalytix | Cyber Risk, commented, “Global companies can now gain immediate access to risk insights that will allow them to proactively address vulnerabilities and protect their operations from the growing threat of cyber crime against suppliers. Working with partners like VENDOR iQ, provides the market with exciting new ways for companies to more easily adopt these business critical tools to manage cyber threats within their supply chain.”
With cyber incidents causing 50% of all supply chain disruptions, our clients can more rapidly and easily leverage advanced cyber intelligence to mitigate risks, reduce costs, and uncover new opportunities. This collaboration empowers teams with the tools and insights needed to maintain operational confidence and procedural governance, ultimately safeguarding their businesses and reputations.
About VENDOR iQ
VENDOR iQ unlocks unrealised value within financial services businesses through their supply chains whilst supercharging their journey to data centricity. The platform and API provide real-time, easy-to-adopt touchpoints that continuously mitigates risk and uncovers opportunities within supplier and distributor relationships. By easily embedding insights directly into clients’ workflows, VENDOR iQ transforms businesses, enabling them to remove systemic risks, increase operational efficiency, and meet compliance and regulatory standards effortlessly.
About apexanalytix®
apexanalytix is a pioneer in the supply chain software, data, and analytics markets with data-powered software. apexanalytix | Cyber Risk enables organizations to enhance their oversight of cyber risks among suppliers at scale. Procurement and Risk teams can identify vulnerabilities, discover incidents and collaborate with suppliers when it matters most. Today, apex serves over 300 Fortune 1000 companies, protecting more than $9 trillion of annual spend across the world’s most complex supply chains. Learn more at apexanalytix.com.
Contact Information:
VENDOR iQ
Email: info@vendoriq.co.uk
Phone: 0800 538 5405
Website: www.vendoriq.co.uk
Media Kit: VENDOR iQ
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