2 minutes read The Cyber Governance, Risk, and Compliance (Cyber GRC) software space has long been dominated by solutions that cater to business, legal, and financial aspects of risk management. Industry giants like Archer, MetricStream, and IBM OpenPages have been at the forefront, providing robust tools for these areas. However, one crucial aspect has often been left to manual processes—information security risk management.
For years, cybersecurity professionals, particularly Chief Information Security Officers (CISOs), have had to rely on spreadsheets to manage the ever-growing landscape of cyber risks. While the need for a more streamlined solution was evident, the challenges were, until recently, considered manageable without specialized software. But times have changed, and so have the demands placed on CISOs.
Over the past year, the cybersecurity landscape has undergone a seismic shift. CISOs now face an overwhelming number of controls stemming from multiple frameworks, with data scattered across various cloud environments. Operational costs are climbing, and the stakes have never been higher—personal liability for security breaches is now a genuine concern.
At Cypago, we recognized these challenges early on. Two years ago, we identified the need for a comprehensive solution that could address the complexities of modern Cyber GRC. Our vision culminated in the launch of our Cyber GRC platform last August, a milestone that caught the attention of industry leaders and media outlets, including TechCrunch.
For the past 12 months, we’ve been engaging with Gartner, sharing our insights and experiences in this emerging field. As we gained traction in the market, it became increasingly clear that there was a real and growing demand for Cyber GRC solutions. And now, Gartner has officially recognized this need.
Last month, Gartner published research reports that effectively announced the emergence of a new software category: Cyber GRC. This recognition marks a significant moment for us at Cypago and for the industry as a whole. It validates our vision and underscores the importance of Cyber GRC in the current and future cybersecurity landscape.
Our mention in Gartner’s latest Hype and Innovation cycles is not just a milestone for Cypago; it’s a signal to the entire industry that Cyber GRC is here to stay. As we continue to innovate and lead in this space, we’re excited to help organizations navigate the complexities of cybersecurity with confidence and ease.