CyberVadis is a third-party cyber security risk management software that helps with third-party vendor portfolio management, assessment and progress tracking. CyberVadis follows a risk assessment methodology that is compatible with various major international standards, assuring seamless outcomes. Once completed with the vendors’ assessment part, CyberVadis offers both parties a standardised scorecard with clear improvement recommendations mentioned in them for the vendors. Moreover, CyberVadis also provides its users with a yearly assessment of their companies’ security structure, strengths and risk areas. The software prepares a detailed action plan helping businesses to prioritise and track their improvement levels. Information security teams of individual organisations can utilise CyberVadis’s risk management module to detect and monitor vendors that do not match the scheduled requirements and take actions accordingly.