Combining security ratings and automating third-party risk monitoring helps their executive team measure cyber risk.
Taylor Fry helps a diverse set of customers with complex problems in actuarial science and data analytics. UpGuard helps benchmark and continuously improve their own cybersecurity performance, as well as assess and remediate third-party risk.
improvement to Taylor Fry's Cyber Security Rating in less than a year
Vendors continuously monitored by the UpGuard platform
11 digital assets continuously monitored. Over half with a 950/950 security rating.
Taylor Fry is an analytics and actuarial consulting firm, providing general insurance and advanced analytics services to business and government.
Provide a way for Taylor Fry to assess, remediate and monitor the ongoing cybersecurity performance of their own IT department, as well as their third-party vendors.
UpGuard BreachSight and VendorRisk, for Cyber Security Ratings and Continuous Vendor Monitoring
Born out of a need to break out of institutional thinking driven by corporate politics, Taylor Fry (in their words) "started off as three guys in a corner office surrounded by cardboard boxes, looking for a better way to do things”.
For over twenty years, Taylor Fry have helped some of the world’s biggest brands solve thorny problems in actuarial and data science. They also proudly work with governments to uncover solutions that aid the most vulnerable people in society.
The Taylor Fry team is a diversified group of creative thinkers, including physicists, engineers and and computer scientists. With three offices in the Australia / New Zealand region, they are poised for global growth.
Taylor Fry has embarked on an IT transformation journey which included a comprehensive review of their technology architecture and environment. From IT policy through to cybersecurity, a multi-year program was executed to prepare Taylor Fry for the next stage of growth.
Cyber security ratings were part of the scope of the program, and were not a new concept for Taylor Fry. They had a relationship with a previous security ratings provider, but it was time to look at the market for new alternatives.
Thomas McCosker, Head of IT at Taylor Fry, reached out to UpGuard while investigating alternative providers. We were ultimately selected as the security ratings provider for Taylor Fry.
UpGuard BreachSight provides continuous monitoring and security ratings for Taylor Fry. Easily extensible modules also enable advanced cybersecurity monitoring capabilities such as data leak detection, domain typosquatting protection and external vulnerability assessment.
Taylor Fry also needed a solution for identifying and assessing third-party vendor risk. UpGuard VendorRisk works side by side with BreachSight to continuously monitor vendor security performance and automate security questionnaires. Combining the two products has given Taylor Fry a single cyber security rating, which they use to benchmark overall cybersecurity performance.
By automating cyber risk detection and assessment, UpGuard has helped increase our cybersecurity performance, while getting efficiency through automation.
Benchmarking their current security performance has helped Taylor Fry improve their score quickly, but more importantly, sustain the improvement. The feedback loop from daily scoring has enabled fast resolution of cybersecurity risks that would typically take longer to identify, assess and remediate. Taylor Fry’s IT leadership uses the UpGuard cyber security rating as a KPI to measure security performance at executive team meetings.
In addition to their own security performance, Taylor Fry is able to continuously monitor 25 key vendors. Each vendor is independently rated for their own security performance, and to help quantify the impact of third-party risk, vendor performance also contributes to Taylor Fry’s own cyber security rating.
Taylor Fry is able to determine when one of their web-based properties has an emerging vulnerability, assess any risks, and manage cybersecurity hygiene on a daily basis.
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