Cybercrime is on the rise, and most instances of damage can be traced to third-party suppliers. Vendors and buyers of software must perform diligent security reviews to protect systems and applications, but these processes can take absurd amounts of time. HyperComply’s third-party risk management platform automates the security review process, introducing efficiency to this essential part of business operations.
HyperComply was founded in 2019 to improve and ultimately replace tedious security questionnaires, which eat into productive time and can take weeks or even months to process. With Hypercomply the process is compressed into a few business days, with AI-driven automatic questionnaire responses and dedicated security specialists to check accuracy. There are numerous competitors for the company, but Hypercomply is charting a path less trodden by serving both sides of the equation – sales, and purchasing.
By helping companies shave time from the process of filling in security questionnaires, HyperComply has demonstrated progress towards its final aim of eliminating them entirely. 2022 seed funding was focused on launching their product for the purchasing sphere, so it will be interesting to see where their development heads next.
Freddie
Company Specialist at Welcome to the Jungle
