Cyber Risk Assessment

A Cyber Risk Assessment systematically evaluates the potential loss or damage to an organization's information assets and capabilities resulting from cyberattacks or other cybersecurity incidents. It helps organizations identify, analyze, and prioritize cybersecurity risks.

Here's a more detailed explanation:

• Asset Identification: The assessment identifies the organization's valuable assets, including hardware, software, data, and systems.

• Threat Identification: It involves identifying potential cyber threats that could target those assets.

• Vulnerability Assessment: The assessment evaluates weaknesses or flaws in the organization's systems and processes that threats could exploit.

• Likelihood Determination: It assesses the probability of a cyberattack or incident occurring.

• Impact Analysis: The assessment analyzes the potential consequences of a successful cyberattack, including financial losses, reputational damage, and legal repercussions.

• Risk Prioritization: Based on the likelihood and impact, risks are prioritized to focus on the most critical ones.

• Control Evaluation: The assessment evaluates the effectiveness of existing security controls in mitigating the identified risks.

• Recommendations: Finally, the assessment recommends implementing new or improved security controls to reduce the organization's cyber risk.

ThreatNG provides valuable data and analysis to support cyber risk assessments in the following manner:

External Discovery: Identifying Assets at Risk

• ThreatNG's external discovery process identifies an organization's externally facing assets. This is the first step in a Cyber Risk Assessment, as these assets are the potential targets of cyberattacks.

• By identifying websites, applications, servers, cloud services, and other exposed systems, ThreatNG helps organizations understand the scope of their assets and where risks might lie.

External Assessment: Evaluating Threats and Vulnerabilities

ThreatNG's external assessment modules provide detailed information about potential threats and vulnerabilities:

• Vulnerability Scanning: ThreatNG assesses the externally accessible parts of web applications to identify potential entry points for attackers. To determine cyber risk exposure, it also considers parameters like certificates, subdomain headers, vulnerabilities, and sensitive ports. This helps in a Cyber Risk Assessment's "Vulnerability Assessment" part.

• Attack Surface Analysis: ThreatNG analyzes the external attack surface to identify potential weaknesses attackers could exploit. For example, it assesses "Web Application Hijack Susceptibility" and "Subdomain Takeover Susceptibility".

• Threat Intelligence: ThreatNG incorporates threat intelligence, such as information on ransomware events and groups and compromised credentials on the dark web. This helps in a Cyber Risk Assessment's "Threat Identification" part.

• Exposure Assessments: ThreatNG provides assessments like "Data Leak Susceptibility" and "Mobile App Exposure," which help evaluate the potential impact of attacks on different types of assets.

Risk Analysis and Prioritization

• ThreatNG provides data that helps analyze the likelihood and impact of cyber risks.

• For example, the "Breach & Ransomware Susceptibility" assessment calculates the likelihood of such attacks based on factors like exposed vulnerabilities and dark web activity.

• By assessing factors like "Brand Damage Susceptibility" and "Financials," ThreatNG helps evaluate the potential impact of cyber incidents.

Reporting: Communicating Risk Assessment Findings

• ThreatNG's reporting capabilities present the findings of its assessments in a clear and actionable manner.

• Reports can be tailored to different audiences, providing executive summaries for management and detailed technical reports for security teams.

Continuous Monitoring: Ongoing Risk Assessment

• ThreatNG's continuous monitoring capabilities ensure the Cyber Risk Assessment is updated.

• It detects changes in the organization's external attack surface and emerging threats, providing ongoing risk awareness.

Investigation Modules and Intelligence Repositories: In-Depth Risk Analysis

• ThreatNG's investigation modules provide tools for in-depth analysis of specific risks.

  • For example, the Domain Intelligence module allows a detailed investigation of domain-related risks.

• ThreatNG's intelligence repositories provide valuable context for risk assessment.

  • For example, the dark web presence data helps assess the risk of credential compromise and ransomware attacks.

Working with Complementary Solutions: Enhancing Risk Management

• ThreatNG's cyber risk assessment data can be integrated with other security and risk management tools to provide a more comprehensive view of organizational risk.

  • For example, it can be combined with a SIEM to correlate external threats with internal security events.

In summary, ThreatNG provides a powerful platform for conducting Cyber Risk Assessments. It helps organizations identify assets, evaluate threats and vulnerabilities, analyze risk likelihood and impact, and continuously monitor their risk posture.