Case Study: Leading Fund Management Company reduces vendor security assessment time by 42% and scales third‑party risk management with UpGuard

Leading Fund Manager adopts UpGuard for Third Party Risk Management

Leading Fund Management Company, one of Australia’s largest fund managers serving over 750,000 customers and overseeing more than $90bn in assets, faced rising third‑party cyber risk and the need to align with APRA’s upcoming CPS 234 information security requirements. They also found spreadsheet‑based vendor questionnaires slow and inefficient, so they engaged UpGuard and its UpGuard Vendor Risk service to gain an external, scalable view of vendor security performance.

UpGuard deployed continuous risk monitoring, security ratings and automated vendor questionnaires to assess and prioritize suppliers, monitor 40+ digital assets and evaluate 50+ vendors. The solution cut time to assess vendor security performance by 42%, enabled targeted remediation based on technical findings, and helped the customer proactively de‑risk their supplier ecosystem — demonstrating measurable improvements driven by UpGuard.