Cybersecurity Risk

Third Party Risk Management

Cybersecurity risk in third-party risk management (TPRM) refers to the potential for a security breach or compromise resulting from the actions or inactions of a third-party vendor or partner. This can include data breaches, malware infections, ransomware attacks, and other cyber threats that can disrupt operations, damage reputation, and lead to financial losses.

How ThreatNG Helps Manage Cybersecurity Risk:

ThreatNG offers a robust platform for managing cybersecurity risk across your third-party ecosystem. Here's how its features contribute:

1. Superior Discovery and Assessment:

  • Identifying Vulnerabilities: ThreatNG's advanced discovery and assessment capabilities identify vulnerabilities in your vendors' systems and applications that attackers could exploit. This includes weaknesses related to phishing, ransomware, web application hijacking, and more.

  • Examples:

    • Phishing Susceptibility: ThreatNG can assess the likelihood of a vendor falling victim to a phishing attack by analyzing their email security practices, domain health, and presence on the dark web.

    • Ransomware Susceptibility: ThreatNG can evaluate a vendor’s vulnerability to ransomware attacks by examining their security controls, patch management processes, and exposure to known ransomware groups.

2. Continuous Monitoring:

  • Real-Time Risk Detection: ThreatNG continuously monitors your third-party landscape for emerging threats and vulnerabilities. This allows you to address potential risks before they can be exploited proactively.

3. Reporting:

  • Risk-Based Reporting: ThreatNG generates detailed reports on the cybersecurity risk posture of your third-party vendors. These reports can be customized to focus on specific threats or vulnerabilities, helping you prioritize your risk mitigation efforts.

4. Collaboration and Management:

  • Collaborative Risk Mitigation: ThreatNG's collaboration tools facilitate communication and coordination between your organization and vendors. This streamlines addressing security gaps and ensures everyone works towards a common goal.

  • Examples:

    • Automated Questionnaires: ThreatNG can automatically generate vendor security questionnaires, saving time and ensuring consistency.

    • Policy Management: ThreatNG's features allow you to define and enforce security policies across your third-party network.

5. Intelligence Repositories:

  • Proactive Risk Management: ThreatNG's intelligence repositories provide valuable insights into emerging threats and vulnerabilities. This allows you to address potential risks proactively before they materialize.

  • Example: By monitoring the dark web for compromised credentials associated with your vendors, ThreatNG can alert you to potential account takeovers and data breaches.

Complementary Solutions and Services:

ThreatNG can be further enhanced by integrating with complementary solutions and services:

  • Security Information and Event Management (SIEM): Integrating ThreatNG with a SIEM can provide a centralized view of security events across your organization and your third-party ecosystem.

  • Vulnerability Scanning: Regular vulnerability scans can identify weaknesses in your vendors' systems that ThreatNG's automated assessments may not detect.

  • Incident Response: An incident response plan can help you quickly and effectively respond to security incidents involving your vendors.

Examples with Investigation Modules:

  • Domain Intelligence: ThreatNG's domain intelligence module can identify vulnerabilities in vendors' DNS records, such as missing DMARC, SPF, or DKIM records, increasing the risk of phishing attacks.

  • Sensitive Code Exposure: This module can detect if vendors inadvertently expose sensitive data, such as API keys or credentials, in public code repositories, increasing the risk of data breaches.

  • Cloud and SaaS Exposure: ThreatNG can identify if vendors use unsanctioned cloud services or misconfigured cloud security settings, which can expose sensitive data.

  • Dark Web Presence: Monitoring the dark web for mentions of your vendors can provide early warning of potential data breaches or cyberattacks.

By leveraging ThreatNG's comprehensive capabilities and integrating complementary solutions, organizations can effectively manage cybersecurity risk in their third-party relationships, protecting their sensitive data, reputation, and bottom line.