[Customers](/customers) UpGuard Vendor Risk Customer # UpGuard Vendor Risk Customer Security ratings and automated third-party risk assessment help to scale their vendor risk management program. [Read more](#start) 42% Reduction in time to assess vendor security performance 50+ Vendors assessed through the UpGuard platform 40+ Digital assets continuously monitored This leading fund manager empowers their customers to build a better future with retirement solutions and financial advice. UpGuard helps de-risk their exposure to suppliers and enables them to be proactive in managing third-party vendor risk. ## ## Established in 1992, our customer is one of Australia’s largest fund managers with more than 750,000 customers. They are the custodians of an asset pool of over $90bn. Headquartered in Sydney, Australia with offices throughout New South Wales, the Australian Capital Territory, Victoria and Western Australia, Our customer has a team of more than 800 employees servicing the needs of its customers. ### The challenge With today’s increasing exposure to third-party risks, and the upcoming release of Australian financial services regulator [APRA’s CPS 234 Information Security standard](https://www.upguard.com/blog/apra-cps-234-information-security-prudential-standard?hsLang=en), our customer wanted to understand how their third-party vendor security was performing from an external perspective. Additionally, our customer recognised the limitations of traditional, spreadsheet-based vendor security questionnaires, which often result in fewer vendors being monitored due to cumbersome workflows and manual process inefficiencies. ### The solution UpGuard was chosen to get visibility into the risks of their own systems, as well as those of their vendors and partners. [UpGuard Vendor Risk](https://www.upguard.com/product/vendorrisk?hsLang=en) provides continuous risk monitoring, security ratings, and automated vendor questionnaires. UpGuard’s risk monitoring capabilities provide assurance that our customer's own internet-facing properties were securely configured and gave them the technical information to guide their vendors toward reducing risk to an acceptable level. Vendor security ratings enabled the team to prioritize the assessment of third parties based on risk and the questionnaire assessments closed the loop with detailed responses on internal controls needed to safely do business. Upguard has helped us de-risk our organisation, with solutions that are both reliable and accurate in producing fact-based information about our key suppliers, that we can proactively act on in order to help keep our platforms secure and stable. ## We’re experts in securing data breaches and data leaks We’ve helped Facebook, Dow Jones, Verizon, Ford, the RNC, GoDaddy and many other companies secure customer data. Don’t just take our word for it. As featured in [](https://www.washingtonpost.com/technology/2019/04/03/millions-sensitive-facebook-user-records-were-left-exposed-public-web-security-researchers-say/)[](https://techcrunch.com/2020/06/02/researchers-find-exposed-data-on-millions-of-users-of-quiz-app-tvsmiles/)[](https://www.nytimes.com/2018/07/20/business/suppliers-data-leak-automakers.html)[](https://www.forbes.com/sites/thomasbrewster/2019/01/16/massive-oklahoma-government-data-leak-exposes-7-years-of-fbi-investigations/#182b39126e11)[](https://www.bloomberg.com/news/articles/2019-06-27/ford-td-bank-files-found-online-in-cloud-data-exposure)[](https://gizmodo.com/amazon-engineer-leaked-private-encryption-keys-outside-1841160934) ## More customer stories We’ve helped hundreds of global companies. #### [Felix Group Holdings](/customers/felix-group-holdings) How Felix Group Holdings Replaced Blanket Web Filters With User-Level AI Governance With UpGuard Read case study #### [Global Airline](/customers/global-airline) Taking third-party cyber risk visibility to 30,000 feet Read case study #### [Chemist Warehouse](/customers/chemist-warehouse) Scaling TPRM and cutting security assessment time by 75% Read case study #### [Riverside County](/customers/riverside-county) Cutting assessment time from days to minutes while strengthening TPRM Read case study #### [Anglo-Eastern](/customers/anglo-eastern) How Anglo-Eastern reduced false positives, prevented typosquatting attacks, and shifted to a proactive cybersecurity strategy. Read case study #### [Global Cloud Software Company](/customers/global-cloud-software-company) UpGuard helped this global cloud software company establish a comprehensive TPRM program that continues to manage 1000s of vendors. Read case study [View all customer stories](/customers) Experience superior visibility and a simpler approach to cyber risk management [Get a demo](/contact-sales) [Free trial](/demo)