Supply Chain Cybersecurity Partnership

VENDOR iQ Announce Supply Chain Cybersecurity Partnership with Apex Analytix to Enhance Supply Chain Cybersecurity

VENDOR iQ, a leader in unlocking unrealised value within financial services businesses through their supply chains, proudly announces a strategic partnership with apexanalytix. This collaboration will enable VENDOR iQ’s clients to enhance their ongoing monitoring of third parties and strengthen their operational resilience against a serious, high-profile threat to their data and business operations.

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 VENDOR iQ 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

Through this partnership, VENDOR iQ clients can gain real time visibility of potentially harmful incidents and systemic cyber risk across their supply chain. This game changing partnership leverages proprietary technology from both VENDOR iQ and apexanalytix surfacing insights from the dark web and other key indicators of vulnerabilities in the supply chain cyber-attack surface.

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.

”"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 and transforming the world quality data into actionable insights we are equipping our clients with everything they need to optimise and maintain the integrity of their supply chains."
Kevin MitchellCEO and Co-Founder of VENDOR iQ

”“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.”
Charlie Clark,General Manager and EVP of apexanalytix | Cyber Risk

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 | Cyber Risk enables organisations 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.