Risk Attribution
Risk attribution refers to identifying and analyzing the sources and factors that contribute to the cybersecurity risk exposure of an organization
It involves breaking down the overall cybersecurity risk of an organization into its components, such as vulnerabilities in software or hardware, human error, third-party risks, and external threats such as cyberattacks. By identifying the sources of risk, organizations can make more informed decisions about allocating resources and prioritizing cybersecurity efforts.
Risk attribution in cybersecurity also involves assessing the likelihood and potential impact of cyber threats, such as phishing attacks, malware infections, and data breaches. It can help organizations to develop and implement more effective cybersecurity strategies, including threat prevention, detection, and response measures.
ThreatNG, which combines External Attack Surface Management (EASM), Digital Risk Protection (DRP), and Security Ratings, and provides a wide range of Susceptibility and Exposure scores, can significantly help organizations, their partners, and related third parties with "Risk Attribution" in several ways:
Comprehensive Risk Assessment: ThreatNG provides a holistic view of an organization's external cybersecurity posture, considering various aspects such as brand damage, BEC & phishing susceptibility, data leak susceptibility, and more. This comprehensive assessment helps organizations understand their vulnerabilities across a broad spectrum of cyber risks.
Customized Risk Scoring: ThreatNG tailors its susceptibility and exposure scores to specific risk categories. This customization enables organizations to focus on the areas of highest concern based on their industry, business model, and threat landscape.
Prioritization of Mitigation Efforts: By providing detailed scores for different types of susceptibility and exposure, ThreatNG helps organizations prioritize their cybersecurity efforts. For example, if the system identifies high brand damage susceptibility, the organization can prioritize measures to protect its reputation and brand integrity.
Risk Attribution: ThreatNG enables organizations to attribute risk to specific vulnerabilities, misconfigurations, or external factors. This attribution is essential for understanding the root causes of cyber threats and taking targeted actions to mitigate them.
Partner and Third-Party Risk Management: Organizations can use ThreatNG's insights to assess the cybersecurity posture of their partners and third parties. It is critical for supply chain risk management and ensuring the entire ecosystem is secure.
Benchmarking and Compliance: Organizations can benchmark their susceptibility and exposure scores against industry standards and compliance requirements. It helps in ensuring that they meet regulatory and industry-specific cybersecurity standards.
ESG Exposure Assessment: Environmental, Social, and Governance (ESG) considerations are increasingly important. ThreatNG's ESG exposure score helps organizations evaluate and report on their ESG-related cybersecurity risks, demonstrating a commitment to responsible business practices.
Incident Preparedness: With susceptibility scores for breach and ransomware, ThreatNG helps organizations assess their readiness to respond to cyber incidents. It enables them to proactively prepare for potential breaches and develop incident response plans.
Continuous Monitoring: ThreatNG continuously monitors the external attack surface and threat landscape. This real-time visibility allows organizations to adapt to evolving threats and vulnerabilities quickly.
Data-Driven Decision-Making: ThreatNG's data and insights empower organizations to make informed decisions about resource allocation, risk mitigation strategies, and cybersecurity investments.
Communication and Transparency: The susceptibility and exposure scores can be used to communicate cybersecurity risks effectively to stakeholders, including executives, board members, partners, and third parties. This transparency builds trust and ensures everyone is aligned on risk management strategies.
