Sling Score https://vendor-monitoring.com/ Sling brings to the forefront a unique risk scoring mechanism, based on Threat Intelligence capabilities as a main parameter for prediction, management and mitigation Thu, 09 Jan 2025 08:48:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://vendor-monitoring.com/wp-content/uploads/2024/04/cropped-SLINGLOGO-32x32.png Sling Score https://vendor-monitoring.com/ 32 32 Digital Asset Discovery: Enhancing Third-Party Risk Management https://vendor-monitoring.com/digital-asset-discovery-enhancing-third-party-risk-management/ https://vendor-monitoring.com/digital-asset-discovery-enhancing-third-party-risk-management/#respond Thu, 09 Jan 2025 08:47:35 +0000 https://slingscore.com/?p=5706 Digital Asset Discovery plays a critical role in modern third-party cyber risk management. As cyber threats evolve, understanding the digital footprint of vendors and partners becomes essential. Following a simple onboarding process, Sling conducts an extensive Discovery process. This step lets organizations quickly gain insights into their potential gateways, viewing their digital network from the […]

הפוסט Digital Asset Discovery: Enhancing Third-Party Risk Management הופיע לראשונה ב-Sling Score.

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Digital Asset Discovery plays a critical role in modern third-party cyber risk management. As cyber threats evolve, understanding the digital footprint of vendors and partners becomes essential. Following a simple onboarding process, Sling conducts an extensive Discovery process. This step lets organizations quickly gain insights into their potential gateways, viewing their digital network from the attackers’ perspective.

By efficiently uncovering hidden or forgotten digital assets, Sling helps businesses proactively mitigate risks, secure their supply chain, and prioritize their cybersecurity efforts effectively. The result is a stronger, more resilient third-party ecosystem.

What is Digital Asset Discovery?

Digital Asset Discovery is the process of exploring, identifying,  and mapping all digital assets associated with an organization. These assets include domains, subdomains, IP addresses, and other online resources that form the organization’s digital environment.

This process is critical for several reasons:

  • Visibility: It provides a clear understanding of an organization’s attack surface.
  • Risk Identification: Helps uncover vulnerabilities that could be exploited by attackers.
  • Prioritization: Enables targeted remediation efforts to address the most critical risks first.

Organizations face unique challenges during asset discovery, including the proliferation of shadow IT, neglected, and undocumented assets, and dynamic IT environments. Without a thorough discovery process, these overlooked areas can expose businesses to significant risks.

Sling’s approach to Digital Asset Discovery ensures comprehensive visibility and protection by systematically uncovering all connected assets, both known and unknown. This capability is key to proactively managing cyber threats and securing the extended digital footprint of third-party vendors.

Cyber Risk Assessment Steps
Cyber Risk Assessment Steps

Digital Asset Discovery in Sling’s Assessment Process

Sling’s Digital Asset Discovery is an integral part of its third-party risk assessment process. It follows a streamlined onboarding phase where the assessed entity provides only one primary domain. This minimal input serves as the starting point for comprehensive network mapping.

The process is divided into two main methodologies:

Step 1: Horizontal Discovery

  • It focuses on identifying all of the domains belonging to the assessed entity..
  • Among other techniques, Sling utilizes:
    • WHOIS Records: Extracts domain ownership and registration details.
    • SSL Certificates: Maps assets tied to the organization’s SSL registrations.
  • Provides an initial map of directly related digital assets.

Step 2: Vertical Discovery

  • Expands the scope to uncover deeper layers of the organization’s digital presence.
  • Includes two key actions:
    • Subdomain Collection: Identifies all subdomains associated with the root domains.
    • IP Resolution: Maps domains and related subdomains to their resolving IP addresses, identifying potential interconnections and vulnerabilities.

By combining these steps, Sling ensures no asset is overlooked, providing a holistic view of the digital landscape.

Horizontal and Vertical Digital Asset Discovery
Horizontal and Vertical Digital Asset Discovery

The Role of Digital Asset Discovery in Third-Party Risk Management

Digital Asset Discovery is a foundation of effective third-party risk management, as it provides essential insights into the cyber risk profile of vendors and partners. Its significance includes:

  • Mapping Vendor Footprints: By analyzing their digital assets, organizations can identify potential vulnerabilities that may impact their security.
  • Identifying Hidden Risks: Many third-party risks arise from unknown or unmanaged assets. Discovery helps to uncover these gaps.
  • Strengthening the Supply Chain: A thorough understanding of third-party attack surfaces helps organizations build stronger, more secure partnerships.

Without a complete asset discovery, businesses risk blind spots that attackers could exploit. Sling’s advanced methodologies ensure organizations can proactively address these risks, reducing exposure and enhancing overall resilience.

How Sling Stands Out

Sling’s Digital Asset Discovery process is distinguished by its innovative methodologies and proprietary technologies, ensuring accurate and actionable insights for its clients. Key aspects include:

  • Ongoing Verification: Ensures real-time monitoring and updates of digital assets, automatically reflecting changes like domain creation, removal, or cancellation to maintain the most accurate and current network mapping.
  • Attacker’s View: Provides a graphical visualization of the network, simulating how attackers perceive and target vulnerabilities.
  • Ease of Use: The onboarding process requires minimal input, just one primary domain, making it accessible and user-friendly for organizations of all sizes.

Digital Asset Discovery is a pivotal step in securing third-party ecosystems, providing organizations with the tools to effectively identify and mitigate cyber risks. By focusing on horizontal and vertical discovery, Sling ensures that no asset is overlooked, offering a thorough view of vendors’ digital footprints.

Sling’s innovative approach to Digital Asset Discovery, combined with its ease of use and actionable intelligence, makes it a trusted partner for businesses aiming to strengthen their supply chain security. Organizations that invest in reliable discovery processes gain a significant edge in managing third-party risks, enhancing their resilience against evolving cyber threats.

הפוסט Digital Asset Discovery: Enhancing Third-Party Risk Management הופיע לראשונה ב-Sling Score.

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El Verdadero Costo de las Brechas de Terceros y Cómo Prevenirlas https://vendor-monitoring.com/el-verdadero-costo-de-las-brechas-de-terceros-y-como-prevenirlas/ https://vendor-monitoring.com/el-verdadero-costo-de-las-brechas-de-terceros-y-como-prevenirlas/#respond Sun, 05 Jan 2025 10:49:39 +0000 https://slingscore.com/?p=5654 Hoy en día, las empresas dependen en gran medida de proveedores externos para gestionar funciones críticas, desde el almacenamiento en la nube hasta el procesamiento de pagos. Sin embargo, esta dependencia tiene un costo: una creciente vulnerabilidad a las brechas de seguridad de terceros. Por ejemplo, la brecha de MOVEit Transfer expuso datos sensibles de […]

הפוסט El Verdadero Costo de las Brechas de Terceros y Cómo Prevenirlas הופיע לראשונה ב-Sling Score.

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Hoy en día, las empresas dependen en gran medida de proveedores externos para gestionar funciones críticas, desde el almacenamiento en la nube hasta el procesamiento de pagos. Sin embargo, esta dependencia tiene un costo: una creciente vulnerabilidad a las brechas de seguridad de terceros. Por ejemplo, la brecha de MOVEit Transfer expuso datos sensibles de múltiples organizaciones debido a una única vulnerabilidad explotada. Estos incidentes suelen generar pérdidas financieras significativas, interrupciones operativas y daños reputacionales. Con un costo promedio de una brecha de datos que alcanzó los 4,88 millones de dólares a nivel global en 2024, es evidente que las empresas no pueden permitirse ignorar los riesgos que presentan sus proveedores. Este artículo analiza estos costos y explora estrategias prácticas para mitigarlos.

¿Qué Son las Brechas de Terceros?

Las brechas de terceros ocurren cuando un proveedor externo, contratista o socio expone inadvertidamente datos sensibles o sistemas a accesos no autorizados. Estas brechas suelen aprovechar debilidades en los sistemas de los proveedores, creando una puerta trasera hacia la organización principal. En 2024, el 68% de las brechas involucraron un factor humano, lo que resalta la naturaleza extendida de estas vulnerabilidades (Verizon).

Causas Comunes de las Brechas de Terceros

  1. Errores humanos: Errores simples, como servidores mal configurados o contraseñas débiles, son causas principales de las brechas de terceros. Según Stanford, el 88% de las brechas son provocadas por errores humanos, lo que lo convierte en una amenaza persistente en todos los sectores.
  2. Vulnerabilidades de software: Software obsoleto, protocolos de seguridad insuficientes y sistemas sin parches son puntos de entrada comunes para los atacantes. La brecha de MOVEit es un claro ejemplo, donde los atacantes explotaron una vulnerabilidad conocida en un software de transferencia de archivos ampliamente utilizado.
  3. Falta de supervisión: Con frecuencia, las organizaciones no evalúan de manera exhaustiva las prácticas de seguridad de sus proveedores, lo que genera riesgos pasados por alto que los atacantes pueden explotar fácilmente.

Comprender estas causas y las estadísticas asociadas permite a las empresas evaluar y proteger de manera más eficaz sus relaciones con los proveedores.

Los Costos Financieros de las Brechas de Terceros

El impacto financiero de las brechas de terceros es abrumador, con costos globales que aumentan cada año. En 2024, el costo promedio global de una brecha de datos alcanzó los 4,88 millones de dólares, lo que representa un incremento del 10% respecto al año anterior (IBM). Estos costos son aún más elevados en ciertas industrias. Por ejemplo, las organizaciones de salud enfrentan costos promedio de 10,10 millones de dólares por brecha, debido al alto valor de los datos médicos, mientras que las instituciones financieras registran costos promedio de 5,9 millones de dólares, en gran parte por las sanciones regulatorias y las medidas de prevención de fraude.

La recuperación de ataques de ransomware, que representan una proporción creciente de las brechas de terceros, costará a las organizaciones un promedio de 2,73 millones de dólares en 2024 (Sophos). Además, el prolongado ciclo de vida de las brechas agrava las pérdidas financieras. En promedio, se necesitan 194 días para identificar una brecha y 292 días para contenerla completamente (IBM), lo que genera interrupciones operativas prolongadas y costos crecientes.

Las brechas de terceros, en particular, son significativamente más costosas de abordar que las internas. Según Gartner, la remediación de una brecha de terceros puede costar hasta un 40% más, debido a la complejidad de gestionar relaciones externas y al potencial impacto en redes más amplias.

Costo Global Promedio de una Brecha de Terceros
Costo Global Promedio de una Brecha de Terceros

Daño Reputacional y sus Implicaciones a Largo Plazo

El impacto de las brechas de seguridad vinculadas a terceros trasciende las pérdidas financieras inmediatas, dejando una huella duradera en la reputación corporativa. La confianza, un activo difícil de construir pero fácil de perder, se ve gravemente afectada por estos incidentes, debilitando la percepción de clientes, socios estratégicos y partes interesadas.

Un caso emblemático es la reacción pública ante la brecha de MOVEit, donde las organizaciones que dependían del software fueron objeto de un escrutinio intensificado, no solo por el incidente en sí, sino también por la falta de rigor en la evaluación de las prácticas de seguridad de sus proveedores. Según estudios, el 64% de los estadounidenses nunca ha verificado si sus datos personales han sido comprometidos en una brecha (Varonis). Sin embargo, estas violaciones erosionan la lealtad a la marca, ya que los clientes perciben una traición a su confianza.

Tras una brecha, las organizaciones suelen enfrentar un aumento significativo en la pérdida de clientes y una reducción en los ingresos. Esto se ve exacerbado por el hecho de que el 56% de los estadounidenses desconoce qué acciones tomar cuando sus datos han sido expuestos, lo que incrementa la frustración y la probabilidad de que rompan vínculos con la empresa. Incluso marcas bien establecidas encuentran dificultades para recuperarse de las repercusiones reputacionales, ya que la reconstrucción de la confianza en un mundo altamente interconectado es un proceso complejo y prolongado.

Adoptar medidas proactivas para gestionar los riesgos asociados a terceros es esencial para salvaguardar la reputación corporativa y mitigar las consecuencias a largo plazo de una brecha de seguridad.

Disrupciones Operativas

Las brechas de seguridad relacionadas con terceros suelen provocar disrupciones operativas significativas que trascienden el incidente inicial. Cuando los sistemas de un proveedor son comprometidos, los efectos en cadena pueden detener procesos críticos para el negocio, interrumpir la prestación de servicios y generar desafíos de cumplimiento normativo.

Por ejemplo, durante la brecha de MOVEit, muchas organizaciones se vieron obligadas a suspender sus operaciones para evaluar el alcance del ataque y contener los daños. Este tiempo de inactividad resultó en proyectos retrasados, interrupciones en los servicios al cliente y un aumento en los costos asociados con los esfuerzos de recuperación. En promedio, identificar una brecha lleva 194 días y contenerla otros 98 días, lo que implica que las empresas podrían enfrentar casi un año de inestabilidad operativa (IBM).

Tiempo de Identificación y Contención de una Brecha de Terceros
Tiempo de Identificación y Contención de una Brecha de Terceros

Cumplimiento de Regulaciones Normativas

El cumplimiento normativo es otro ámbito crítico afectado por las brechas de terceros. Regulaciones como el GDPR y la CCPA imponen estrictos requisitos de notificación, y el incumplimiento puede derivar en multas significativas. Las organizaciones que se apresuran a cumplir con estas obligaciones durante una brecha en curso a menudo enfrentan sanciones adicionales y un daño reputacional considerable.

La Influencia del Error Humano en las Brechas de Terceros

El error humano desempeña un papel crucial en la habilitación de brechas de seguridad de terceros, actuando como una puerta de entrada para que los atacantes exploten vulnerabilidades. A pesar de los avances en tecnología de ciberseguridad, las personas siguen siendo el eslabón más débil en las defensas organizacionales. Según investigaciones de la Universidad de Stanford, el 88% de las brechas de datos son causadas directamente por errores humanos, lo que lo convierte en el factor de riesgo más persistente.

Entre los errores más comunes se encuentran los sistemas mal configurados, contraseñas débiles y empleados que caen en esquemas de phishing. En las relaciones con terceros, estos errores se amplifican. Proveedores con una formación insuficiente en ciberseguridad o poca conciencia sobre las amenazas pueden crear vulnerabilidades que comprometan los datos de sus clientes. Por ejemplo, la brecha de MOVEit explotó una vulnerabilidad conocida que podría haberse mitigado con parches oportunos y una mejor supervisión.

En 2024, los datos de Verizon indicaron que el 68% de las brechas involucraron un elemento humano, lo que demuestra la magnitud del problema. Incluso pequeños errores, como compartir credenciales de acceso sensibles a través de canales no seguros, pueden tener consecuencias catastróficas cuando los atacantes acceden a sistemas interconectados.

Medidas Proactivas para Mitigar las Brechas de Seguridad de Terceros

Mitigar los riesgos asociados con las brechas de seguridad de terceros exige un enfoque proactivo en la gestión de proveedores y las prácticas de ciberseguridad. Las organizaciones deben tratar las relaciones con terceros con el mismo rigor que aplican a sus protocolos de seguridad internos, garantizando que los socios externos no se conviertan en eslabones débiles en sus defensas.

Estrategias Clave para la Reducción de Riesgos

  1. Realizar evaluaciones periódicas de riesgos de proveedores
    Evalúa la postura de seguridad de los proveedores antes de su incorporación y lleva a cabo revisiones periódicas. Esto incluye verificar el cumplimiento normativo con marcos como DORA, HIPAA y NIS 2.
  2. Adoptar una arquitectura de confianza cero
    Implementar un modelo de confianza cero garantiza que ningún usuario o sistema (interno o externo) sea inherentemente confiable. El acceso a sistemas y datos críticos debe concederse únicamente bajo el principio de necesidad, minimizando el impacto potencial de una brecha.
  3. Desarrollar un plan de prioridades
    Identifica riesgos y vulnerabilidades dentro del ecosistema de proveedores y priorízalos según su impacto potencial. Abordar primero los problemas más críticos asegura una asignación eficaz de recursos y la mitigación de vulnerabilidades antes de que puedan ser explotadas.
  4. Aprovechar herramientas avanzadas de monitoreo
    Utiliza tecnología para supervisar los ecosistemas de proveedores en busca de actividades inusuales y vulnerabilidades. Las herramientas de monitoreo incluyen sistemas que combinan inteligencia avanzada de amenazas en la dark web con gestión de superficies de ataque (ASM) para una supervisión integral.

Lecciones de las Brechas de Alto Perfil (Estudio de caso MOVEit)

Examinar brechas de alto perfil proporciona perspectivas críticas sobre las vulnerabilidades y consecuencias asociadas a los riesgos de terceros. Uno de los ejemplos más ilustrativos es la brecha de MOVEit, que sirve como advertencia para las empresas a nivel mundial.

Cronología de los eventos:

En 2023, una vulnerabilidad crítica en el software MOVEit Transfer fue explotada por atacantes, comprometiendo datos sensibles en múltiples organizaciones. A pesar de las advertencias de agencias de ciberseguridad, como el Centro Nacional de Seguridad Cibernética del Reino Unido (NCSC), muchas organizaciones no implementaron los parches a tiempo.

Vulnerabilidades clave explotadas:

Los atacantes aprovecharon software sin parches para obtener acceso no autorizado a información altamente sensible. Este caso destacó los peligros de depender de herramientas de terceros sin una supervisión y actualizaciones continuas.

Impacto:

La brecha provocó interrupciones operativas generalizadas, sanciones regulatorias y pérdidas financieras. Varias organizaciones afectadas enfrentaron un daño reputacional significativo, ya que la confianza pública se desplomó.

Lecciones Generales de las Brechas de Terceros

  1. La interconectividad aumenta el riesgo
    Muchas organizaciones que utilizaban MOVEit desconocían su exposición a las vulnerabilidades del software. Esta falta de visibilidad resalta la importancia de realizar evaluaciones completas de riesgos con los proveedores.
  2. La velocidad de respuesta es crucial
    Los retrasos en la aplicación de parches o en la mitigación de vulnerabilidades suelen amplificar el impacto de las brechas. Las empresas deben priorizar una acción rápida y un monitoreo constante.
  3. Ramificaciones regulatorias
    Como se observó en el caso MOVEit, las brechas suelen dar lugar a investigaciones y posibles sanciones bajo normativas como el GDPR o la CCPA. Esto subraya la necesidad de mantener una postura de cumplimiento activa y preventiva.



הפוסט El Verdadero Costo de las Brechas de Terceros y Cómo Prevenirlas הופיע לראשונה ב-Sling Score.

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The True Cost of Third-Party Breaches and How to Avoid Them https://vendor-monitoring.com/the-cost-of-third-party-breaches/ https://vendor-monitoring.com/the-cost-of-third-party-breaches/#respond Wed, 25 Dec 2024 09:56:09 +0000 https://slingscore.com/?p=5641 Businesses today depend heavily on third-party vendors to handle critical functions, from cloud storage to payment processing. This reliance comes with a price: a growing vulnerability to third-party breaches. For example, the MOVEit Transfer breach exposed sensitive data across multiple organizations due to a single exploited vulnerability. These incidents often lead to significant financial losses, […]

הפוסט The True Cost of Third-Party Breaches and How to Avoid Them הופיע לראשונה ב-Sling Score.

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Businesses today depend heavily on third-party vendors to handle critical functions, from cloud storage to payment processing. This reliance comes with a price: a growing vulnerability to third-party breaches. For example, the MOVEit Transfer breach exposed sensitive data across multiple organizations due to a single exploited vulnerability. These incidents often lead to significant financial losses, operational downtime, and reputational damage. With the average cost of a data breach reaching $4.88 million globally in 2024, it’s clear that companies cannot afford to ignore the risks posed by their vendors. This article breaks down these costs and explores actionable strategies to mitigate them.

What Are Third-Party Breaches?

Third-party breaches occur when an external vendor, contractor, or partner inadvertently exposes sensitive data or systems to unauthorized access. These breaches often exploit weaknesses in vendor systems, creating a backdoor to the primary organization. In 2024, 68% of breaches involved a human element, emphasizing the widespread nature of these vulnerabilities (Verizon).

Common Causes of Third-Party Breaches

  1. Human Error: Simple mistakes, such as misconfigured servers or weak passwords, are leading causes of third-party breaches. For example, Stanford reports that 88% of breaches are caused by human error, making it a persistent threat across industries.
  2. Software Vulnerabilities: Outdated software, insufficient security protocols, and unpatched systems are common entry points for attackers. The MOVEit breach exemplifies this, as attackers exploited a known vulnerability in widely used file transfer software.
  3. Lack of Oversight: Organizations often fail to thoroughly vet their vendors’ security practices, leading to overlooked risks that attackers can easily exploit.

By understanding these causes and the statistics behind them, businesses can better evaluate and secure their relationships with vendors.

The Financial Costs of Third-Party Breaches

The financial toll of third-party breaches is staggering, with global costs climbing each year. In 2024, the average global cost of a data breach reached $4.88 million, representing a 10% increase over the previous year (IBM). These costs are even higher in specific industries. For example, healthcare organizations face average breach costs of $10.10 million due to the high value of medical data, while financial institutions see average costs of $5.9 million as they grapple with regulatory penalties and fraud prevention measures.

Recovering from ransomware attacks, a growing component of third-party breaches, will cost organizations an average of $2.73 million in 2024 (Sophos). Additionally, the prolonged lifecycle of breaches exacerbates financial losses. On average, it takes 194 days to identify a breach and 292 days to fully contain it (IBM), leading to extended operational disruptions and increased costs.

Third-party breaches, in particular, are significantly more expensive to address than internal breaches. Gartner estimates that remediating a third-party breach costs up to 40% more due to the complexity of managing external relationships and the potential for widespread network impact.

Average global cost of a data breach over the past years
Average global cost of a data breach over the past years

Reputational Damage and Its Long-Term Effects

The impact of third-party breaches extends far beyond immediate financial losses, often leaving a lasting scar on a company’s reputation. Trust is hard-won and easily lost, and data breaches erode the confidence of customers, partners, and stakeholders.

A striking example is the public backlash following the MOVEit breach, where organizations relying on the software faced scrutiny not only for the breach itself but also for their lack of vigilance in vetting vendor security. Studies show that 64% of Americans have never checked if their data was compromised in a breach (Varonis). Yet, breaches still damage brand loyalty as customers feel their trust has been betrayed.

In the aftermath of a breach, companies often experience increased customer churn and declining revenue. This is compounded by the fact that 56% of Americans don’t know what steps to take after their data is exposed, leaving them frustrated and more likely to sever ties with the company. Even well-established brands struggle to recover from the reputational fallout, as rebuilding trust in today’s hyper-connected world is both challenging and time-consuming.

By proactively addressing third-party risks, organizations can better safeguard their reputations and minimize the long-term effects of a breach.

Operational Disruptions

Third-party breaches often cause significant operational disruptions that extend well beyond the initial incident. When a vendor’s systems are compromised, the ripple effects can halt business-critical processes, disrupt service delivery, and create compliance challenges.

For example, during the MOVEit breach, many organizations had to suspend operations to assess the scope of the attack and contain the damage. This downtime resulted in delayed projects, disrupted customer services, and increased costs associated with recovery efforts. On average, it takes 194 days to identify a breach and another 98 days to contain it, meaning businesses could face nearly a year of operational instability (IBM).

Regulatory Compliance

Regulatory compliance is another critical area affected by third-party breaches. Regulations like the GDPR and CCPA impose strict reporting requirements. Additionally, supply-chain regulation guidelines and frameworks, such as DORA, NIS 2, HIPPA, etc. demand strong risk management, and non-compliance can lead to significant fines. Organizations scrambling to meet these requirements during an ongoing breach often face additional penalties and reputational damage.

Timeline of breach identification and containment
Timeline of breach identification and containment

The Role of Human Error in Third-Party Breaches

Human error plays a significant role in enabling third-party breaches, acting as a gateway for attackers to spread and exploit vulnerabilities. Despite advancements in cybersecurity technology, people remain the weakest link in organizational defenses. Stanford University’s research reveals that 88% of data breaches are directly caused by human error, making it the most persistent risk factor.

Common mistakes include misconfigured systems, weak passwords, and employees falling victim to phishing schemes. In third-party relationships, these errors are magnified. Vendors with inadequate cybersecurity training or poor awareness of threats can unknowingly create vulnerabilities that compromise their clients’ data. For instance, the MOVEit breach exploited a known vulnerability that could have been mitigated with timely patches and better oversight.

In 2024, Verizon’s data showed that 68% of breaches involved a human element, illustrating how widespread this problem is. Even small errors, such as sharing sensitive login credentials over unsecured channels, can lead to catastrophic consequences when attackers gain access to interconnected systems.

Proactive Measures to Mitigate Third-Party Breaches

Mitigating the risks associated with third-party breaches requires a proactive approach to vendor management and cybersecurity practices. Organizations must treat third-party relationships with the same rigor as internal security protocols, ensuring that external partners do not become weak links in their defenses.

Key Strategies for Risk Reduction

  1. Conduct Regular Vendor Risk Assessments:
    Evaluate the security posture of vendors before onboarding and conduct periodic reviews. This includes assessing regulatory compliance with different frameworks like DORA, HIPPA, NIS 2.
  2. Adopt a Zero-Trust Architecture:
    Implementing a zero-trust model ensures that no user or system (internal or external) is inherently trusted. Access to critical systems and data should be granted on a need-to-know basis, minimizing the potential impact of a breach.
  3. Develop a Prioritized Plan:
    Identify risks and vulnerabilities within the vendor ecosystem and prioritize them based on their potential impact. Addressing the most critical issues first ensures that resources are allocated effectively and vulnerabilities are mitigated before they can be exploited. 
  4. Leverage Advanced Monitoring Tools:
    Utilize technology to monitor vendor ecosystems for unusual activity and vulnerabilities. Monitoring tools include systems that combine advanced dark net threat intelligence with Attack Surface Management (ASM) for comprehensive oversight.

Lessons from High-Profile Breaches (MOVEit Case Study)

Examining high-profile breaches offers critical insights into the vulnerabilities and consequences associated with third-party risks. One of the most illustrative examples is the MOVEit breach, which serves as a cautionary tale for businesses worldwide.

  • Timeline of Events: In 2023, a critical vulnerability in the MOVEit Transfer software was exploited by attackers, compromising sensitive data across multiple organizations. Despite warnings from cybersecurity agencies like the UK’s National Cyber Security Centre (NCSC), many organizations failed to implement patches in time.
  • Key Vulnerabilities Exploited: Attackers leveraged unpatched software to gain unauthorized access to highly sensitive information. The exploit highlighted the dangers of relying on third-party tools without continuous oversight and updates.
  • Impact: The breach led to widespread operational disruptions, regulatory penalties, and financial losses. Several affected organizations faced significant reputational damage as public confidence plummeted.

Broader Lessons from Third-Party Breaches

  1. Interconnectivity Increases Risk: Many organizations using MOVEit were unaware of their exposure to vulnerabilities within the software. This lack of visibility underscores the importance of comprehensive vendor risk assessments.
  2. Speed of Response Matters: Delays in applying patches or addressing vulnerabilities often amplify the impact of breaches. Businesses must prioritize swift action and consistent monitoring.
  3. Regulatory Ramifications: As seen in the MOVEit case, breaches often lead to investigations and potential penalties under regulations like GDPR or CCPA.

הפוסט The True Cost of Third-Party Breaches and How to Avoid Them הופיע לראשונה ב-Sling Score.

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Cyber Intelligence: Dark Net, Deep Web, and Threat Intelligence – What is it and Why is it Critical for TPRM? https://vendor-monitoring.com/cyber-intelligence-deep-web-dark-net-threat-intelligence/ https://vendor-monitoring.com/cyber-intelligence-deep-web-dark-net-threat-intelligence/#respond Thu, 19 Dec 2024 10:38:42 +0000 https://slingscore.com/?p=5630 What is Cyber Threat Intelligence? Cyber intelligence is the process of gathering, analyzing, and applying knowledge about potential cybersecurity threats. It helps organizations understand malicious actors’ tactics, motives, and capabilities. This knowledge is crucial for predicting and mitigating risks in today’s ever-evolving threat landscape. Cyber intelligence combines insights from various sources, including the Deep Web, […]

הפוסט Cyber Intelligence: Dark Net, Deep Web, and Threat Intelligence – What is it and Why is it Critical for TPRM? הופיע לראשונה ב-Sling Score.

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What is Cyber Threat Intelligence?

Cyber intelligence is the process of gathering, analyzing, and applying knowledge about potential cybersecurity threats. It helps organizations understand malicious actors’ tactics, motives, and capabilities. This knowledge is crucial for predicting and mitigating risks in today’s ever-evolving threat landscape. Cyber intelligence combines insights from various sources, including the Deep Web, Dark Net, and Technical Intelligence, to provide a comprehensive view of threats that could impact an organization’s security posture.

Why TPRM Decision-Makers Should Care

Third-Party Risk Management (TPRM) is an essential component of a strong cybersecurity strategy. Organizations increasingly rely on vendors, partners, and suppliers, but these relationships come with risks. Cybercriminals often target third-party vendors as weak links in the supply chain.

Leveraging cyber intelligence allows decision-makers to:

  • Monitor potential threats hidden in the Deep Web and Darknet.
  • Proactively identify vulnerabilities in vendor networks.
  • Make informed choices about partnerships based on security assessments.

By integrating cyber intelligence into TPRM, organizations can better protect their data, reputation, and operations from external threats.

1. Understanding the Deep Web and Dark Net

Deep web and dark net, cyber threat intelligence
Image: Deep Web & Dark Net

What is the Deep Web?

The Deep Web refers to the parts of the internet that are not indexed by standard search engines like Google or Bing. This includes any online content that requires a password, authentication, or special permissions to access. Examples of Deep Web content include:

  • Private email accounts.
  • Banking records.
  • Subscription-based services.
  • Confidential databases and organizational files.

The Deep Web is vast, making up an estimated 90% of all online content. For organizations, this hidden portion of the web is critical because it often houses sensitive data, including internal documents, client records, and private communication channels.

Why it Matters for TPRM

The Deep Web can also harbor risks. Cybercriminals often exploit private areas to hide their activity. For example:

  • Stolen credentials are frequently exchanged on hidden platforms.
  • Private databases may be accessed by hackers before being made public.

By incorporating Deep Web monitoring into TPRM, organizations can identify and mitigate these risks before they escalate.

What is the Dark Net?

The Dark Net is a smaller, more concealed segment of the Deep Web, and accessing it requires specialized tools. Unlike the broader Deep Web, the Dark Net is designed to provide anonymity, making it attractive to both legitimate users and bad actors.

Characteristics of the Dark Net:

  • Anonymity: Users can browse and communicate without revealing their identities.
  • Encrypted access: Content is hidden from traditional browsers.
  • Marketplaces and forums: Often associated with illegal activities, but also used by whistleblowers and activists.

Risks on the Dark Net:

  • Illicit activities: Sale of stolen data, malware, and hacking services.
  • Cybercriminal collaboration: Threat actors discuss and share attack strategies.
  • Leaked vendor information: Data breaches often surface on Dark Net forums.
AspectDeep WebDarknet
AccessibilityRequires login or permissionsRequires specialized software 
PurposeProtect sensitive or private dataProvide anonymity, often used for illicit trade
RisksData theft, unindexed vulnerabilitiesCriminal forums, sale of stolen credentials
Table: Key Differences Between Deep Web and Darknet

Understanding and monitoring these hidden layers of the internet is crucial for identifying emerging threats and strengthening TPRM efforts.

2. Technical Intelligence (TECHINT) Explained

Technical Intelligence, or TECHINT, is the process of gathering and analyzing technical data to understand the tactics, techniques, and procedures (TTPs) used by malicious actors. This form of intelligence goes beyond traditional threat data, providing actionable insights into how cybercriminals operate and what vulnerabilities they might exploit.

Key Elements of TECHINT:

  • Tactics: High-level strategic objectives or goals that adversaries aim to achieve during a cyberattack. Tactics serve as the overarching categories under which specific techniques and procedures are organized
  • Techniques: Specific methods or approaches threat actors utilize to achieve their tactical objectives
  • Procedures: The sequences of actions taken during an attack, often forming patterns that can be identified and countered.

By analyzing these components, TECHINT empowers organizations to anticipate and neutralize threats before they materialize.

Why is TECHINT Vital for TPRM?

In the context of Third-Party Risk Management, TECHINT plays a pivotal role in identifying vulnerabilities within vendor ecosystems. Many third-party breaches stem from inadequate security practices or overlooked vulnerabilities.

Benefits of TECHINT in TPRM:

  1. Proactive Threat Identification
    TECHINT allows organizations to detect potential risks early. For example:
    • Identifying known vulnerabilities in a vendor’s software.
    • Flagging suspicious activities linked to third-party networks.
  2. Enhanced Vendor Risk Assessments
    TECHINT helps assess the cybersecurity posture of third-party vendors by analyzing their exposure to known threats and attack methods.
  3. Faster Incident Response
    When an incident occurs, TECHINT provides the necessary context for quick remediation. For example:
    • Pinpointing the malware variant used in an attack.
    • Understanding the attacker’s motive and methods.
  4. Prioritized Decision-Making 

By leveraging TECHINT, decision-makers can focus on identifying and addressing the most critical risks, enabling them to prioritize which vendors to trust and allocate resources effectively for risk mitigation.

3. Cyber Intelligence in Action

Integrating Cyber Intelligence into TPRM

Threat intelligence combines insights from the Deep Web, Darknet, and Technical Intelligence to provide actionable information that strengthens Third-Party Risk Management (TPRM) efforts. By leveraging these tools and strategies, organizations can monitor, assess, and respond to vendor-related risks more effectively.

Key Methods for Integrating Cyber Intelligence into TPRM:

  1. Deep Web and Darknet Monitoring
    • Objective: Track stolen credentials, sensitive data leaks, and vendor associations with malicious activities.
    • Implementation: Use specialized tools to scan forums, marketplaces, and databases for vendor-related information.
  2. Proactive Threat Analysis
    • Objective: Identify potential attack vectors targeting third-party vendors.
    • Implementation: Apply TECHINT to analyze vendor software vulnerabilities and historical attack patterns.
  3. Real-Time Reporting and Alerts
    • Objective: Stay updated on emerging risks tied to vendors.
    • Implementation: Integrate cyber intelligence platforms into existing risk management systems to receive immediate alerts.
  4. Incident Response Planning
    • Objective: Mitigate vendor-related breaches swiftly and effectively.
    • Implementation: Use cyber intelligence to inform containment, remediation, and recovery efforts.

Sling Score’s Approach to Cyber Intelligence

Platforms like Sling Score demonstrate the power of integrating cyber intelligence into TPRM. By using proprietary algorithms, Sling Score analyzes data from the Dark Net, Deep Web, and TECHINT sources to generate predictive risk scores.

How Sling Score Benefits TPRM:

  • Predictive Scoring: Estimates the likelihood of a vendor being targeted by attackers.
  • Continuous Monitoring: Provides ongoing updates on vendor and portfolio risk levels.
  • Comprehensive Analysis: Considers historical data and current threat trends.

This holistic approach ensures decision-makers have the insights needed to make data-driven security decisions.

4. Benefits of Cyber Intelligence for TPRM Decision-Makers

Key Advantages of Cyber Intelligence in TPRM

Cyber intelligence offers a wide range of benefits for organizations, especially decision-makers tasked with managing third-party risks. These benefits stem from the actionable insights and proactive measures that cyber intelligence enables, leading to better security and more effective risk management.

1. Comprehensive Visibility into Third-Party Risks

  • Cyber intelligence tools scan both the visible and hidden parts of the internet for vulnerabilities, breaches, and potential threats associated with third-party vendors.
  • Vendors’ credentials, confidential data, or even associations with cybercriminal forums can be identified and flagged early.

2. Proactive Defense Against Threats

  • With Technical Intelligence (TECHINT), organizations can detect vulnerabilities in vendor software and infrastructure before attackers exploit them.
  • Example: Identifying and remediating vulnerabilities in a vendor’s network that ransomware groups frequently target.

3. Enhanced Compliance with Cybersecurity Regulations

  • Many regulations, such as GDPR, HIPAA, and ISO standards, require robust third-party risk assessments.
  • Cyber intelligence ensures compliance by providing thorough risk evaluations and continuous monitoring.

4. Cost Efficiency

  • Early detection of risks minimizes the financial damage from breaches or attacks.
  • By addressing vulnerabilities proactively, organizations avoid expensive incident responses and recovery efforts.

5. Strengthened Vendor Relationships

  • By ensuring vendors comply with security requirements, organizations foster trust and transparency.
  • Clear communication about expectations improves long-term partnerships.

Cyber intelligence is essential for effective Third-Party Risk Management (TPRM). By leveraging insights from the Deep Web, Dark Net, and Technical Intelligence (TECHINT), organizations can proactively identify risks, protect vendor ecosystems, and enhance decision-making. Integrating cyber intelligence into your TPRM strategy ensures better visibility, stronger compliance, and reduced vulnerability to emerging threats.

Take the next step in securing your organization—explore TPRM solutions like Sling that incorporate advanced cyber intelligence today.









הפוסט Cyber Intelligence: Dark Net, Deep Web, and Threat Intelligence – What is it and Why is it Critical for TPRM? הופיע לראשונה ב-Sling Score.

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Gestión de Riesgos Cibernéticos de Terceros (TPRM & TPCRM) https://vendor-monitoring.com/gestion-de-riesgos-ciberneticos-de-terceros-tprm-tpcrm/ https://vendor-monitoring.com/gestion-de-riesgos-ciberneticos-de-terceros-tprm-tpcrm/#respond Wed, 11 Dec 2024 10:36:46 +0000 https://slingscore.com/?p=5620 La gestión de riesgos cibernéticos de terceros (TPCRM y TPRM) se ha convertido en un enfoque crítico para las empresas debido a la creciente prevalencia de los ataques a la cadena de suministro. Los atacantes han cambiado cada vez más sus técnicas, aprovechando oportunidades para propagar sus ataques a través de entidades de terceros, lo […]

הפוסט Gestión de Riesgos Cibernéticos de Terceros (TPRM & TPCRM) הופיע לראשונה ב-Sling Score.

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La gestión de riesgos cibernéticos de terceros (TPCRM y TPRM) se ha convertido en un enfoque crítico para las empresas debido a la creciente prevalencia de los ataques a la cadena de suministro. Los atacantes han cambiado cada vez más sus técnicas, aprovechando oportunidades para propagar sus ataques a través de entidades de terceros, lo que hace que la gestión de riesgos sea esencial para salvaguardar la seguridad organizacional. Por ejemplo, la brecha de seguridad de MOVEit en 2023 comenzó cuando los atacantes explotaron una vulnerabilidad en el software de transferencia de archivos MOVEit utilizado por numerosas organizaciones, lo que permitió el acceso no autorizado a datos sensibles de clientes y organizaciones, generando una exposición generalizada de datos y daños financieros y reputacionales significativos.

Manejar estos riesgos implica identificar vulnerabilidades, monitorear las prácticas de seguridad de los proveedores y abordar las posibles amenazas antes de que se agraven. En este artículo, exploraremos los fundamentos de la gestión de riesgos cibernéticos de terceros, destacaremos los tipos de riesgos que enfrentan las empresas y analizaremos por qué cada industria debe adoptar un enfoque proactivo para proteger su ecosistema de proveedores.

¿Qué es TPRM / TPCRM?

La gestión de riesgos cibernéticos de terceros es la práctica de identificar, monitorear y mitigar los riesgos de ciberseguridad introducidos por proveedores externos, suministradores o prestadores de servicios. Estos terceros suelen tener acceso a sistemas críticos, datos propietarios e información sensible de clientes, lo que los convierte en una posible puerta de entrada para amenazas cibernéticas.

Por ejemplo, muchas organizaciones utilizan proveedores externos de almacenamiento en la nube para manejar datos sensibles. Si los protocolos de seguridad del proveedor son débiles, una brecha de seguridad podría comprometer no solo sus sistemas, sino también a las empresas que atienden. De manera similar, externalizar el soporte de TI puede agilizar las operaciones, pero también puede introducir riesgos si esos proveedores no implementan medidas de seguridad adecuadas.

El objetivo de TPRM  es abordar de manera proactiva estos riesgos antes de que se conviertan en incidentes costosos. Esto implica evaluar las prácticas de ciberseguridad de los terceros, garantizar el cumplimiento de los estándares relevantes y establecer protocolos claros de respuesta a incidentes. Sin este nivel de rigor, las empresas están, en esencia, apostando con su propia seguridad.

Funciones Clave de la Gestión de Riesgos Cibernéticos de Terceros

  • Evaluación de Riesgos: Evaluar el impacto potencial y la probabilidad de las vulnerabilidades de terceros.
  • Monitoreo Continuo: Supervisar las prácticas de seguridad de los proveedores para detectar riesgos emergentes.
  • Acuerdos con Proveedores: Establecer requisitos de seguridad en los contratos para definir expectativas claras.
  • Plan de Remediación: Proveer orientación con instrucciones paso a paso, priorización de acciones, estrategias de mitigación y enfoques detallados para abordar los riesgos e incidentes identificados.

Comprender e implementar la gestión de riesgos cibernéticos de terceros no es solo una buena práctica, sino una imperativa empresarial.

Tipos de Riesgos Cibernéticos en las Relaciones con Terceros

Las empresas enfrentan numerosos riesgos cibernéticos al trabajar con proveedores externos, a menudo porque estos socios no siempre comparten los mismos estándares de seguridad rigurosos. Comprender estos riesgos es el primer paso para mitigarlos. A continuación, se presentan los tipos más comunes de riesgos cibernéticos asociados con las relaciones con terceros:

1. Compromiso de Datos

Los terceros a menudo manejan datos sensibles de clientes, empleados o de la propia empresa. Si los sistemas de seguridad de un proveedor se ven comprometidos, los atacantes pueden aprovechar su acceso para infiltrarse en su red.

  • Ejemplo: En la brecha de MOVEit de 2023, los atacantes explotaron una vulnerabilidad en el software de transferencia de archivos utilizado por numerosas organizaciones, obteniendo acceso no autorizado a datos sensibles de clientes y empresas, lo que resultó en una exposición masiva de datos.
  • Impacto: Pérdidas financieras, responsabilidad legal y daño reputacional.

2. Interrupciones del Servicio

Si un proveedor es víctima de un ciberataque, sus sistemas podrían quedar inoperativos, afectando las operaciones de su empresa.

  • Ejemplo: Un ataque de Denegación de Servicio Distribuido (DDoS) a un proveedor de servicios en la nube podría dejar fuera de servicio sistemas críticos durante horas o incluso días.
  • Impacto: Pérdida de productividad, ingresos no percibidos y daño a la confianza de los clientes.

3. Incumplimiento de Regulaciones Normativas

Regulaciones como el GDPR, HIPAA, DORA y NIS2 responsabilizan a las empresas por la protección de los datos, incluso si son gestionados por terceros.

  • Ejemplo: Un proveedor de servicios de salud que utilice un tercero que no cumpla con HIPAA podría enfrentarse a multas significativas si los datos de los pacientes se ven comprometidos.
  • Impacto: Sanciones regulatorias y un mayor escrutinio por parte de los auditores.

4. Robo de Propiedad Intelectual

Los terceros con acceso a información propietaria, como diseños de productos o secretos comerciales, pueden exponerla inadvertidamente debido a medidas de seguridad débiles.

  • Ejemplo: Los archivos de diseño de una empresa manufacturera podrían ser robados a través de la red comprometida de un proveedor, lo que podría resultar en productos falsificados en el mercado.
  • Impacto: Pérdida de ventaja competitiva y posibles disputas legales.

5. Ataques a la Cadena de Suministro

Los ciberdelincuentes suelen atacar a los proveedores para infiltrarse en los sistemas de sus clientes, aprovechando la confianza entre ambas partes.

  • Ejemplo: En 2021, el ataque de ransomware a Kaseya apuntó a un proveedor de software de gestión de TI ampliamente utilizado. Los atacantes explotaron vulnerabilidades en el sistema del proveedor para desplegar ransomware en cientos de clientes del proveedor, afectando a empresas a nivel mundial, incluidas escuelas, hospitales y cadenas minoristas.
  • Impacto: Disrupciones operativas generalizadas, pérdidas financieras por pagos de rescates y tiempos de inactividad significativos para las organizaciones afectadas.
Tipos de Riesgos Cibernéticos y su Impacto

La Solución de Sling para TPRCM

Gestionar eficazmente los riesgos cibernéticos de terceros requiere herramientas sofisticadas y un enfoque proactivo. Sling ofrece una solución integral adaptada a las complejidades de las redes de proveedores modernas, proporcionando a las organizaciones las herramientas necesarias para adelantarse a las amenazas.

Tablero de Control del Portafolio

1. Puntuación de Riesgo Propietaria

La plataforma de Sling utiliza algoritmos avanzados para calcular un puntaje único de Sling para cada tercero, combinando múltiples puntos de datos para crear un perfil de riesgo integral.

  • Entradas Clave:
    • Informes completos y detallados sobre los riesgos asociados al conjunto completo de componentes del portafolio y los riesgos específicos introducidos por cada empresa, con un análisis priorizado de los problemas críticos.
    • Análisis de las vulnerabilidades de los activos.
    • Hallazgos de datos de la Darknet relacionados con posibles ataques.
  • Beneficio: Las organizaciones obtienen una comprensión clara de sus relaciones con terceros más vulnerables y pueden priorizar los esfuerzos de remediación en consecuencia.

2. Monitoreo Continuo

Sling proporciona visibilidad en tiempo real sobre las prácticas de seguridad de los proveedores externos, asegurando que cualquier riesgo emergente sea detectado a tiempo.

  • Características:
    • Alertas automatizadas para problemas de riesgo o incumplimiento.
    • Actualizaciones periódicas sobre el estado de seguridad de los proveedores.
    • Integración con los flujos de trabajo existentes de gestión de incidentes.
  • Beneficio: Las empresas pueden tomar medidas inmediatas para mitigar los riesgos antes de que se conviertan en incidentes.

3. Vista Desde la Perspectiva del Atacante

Sling integra inteligencia de amenazas que simula cómo los atacantes identifican y priorizan las vulnerabilidades de los proveedores. Al comprender las tácticas de los atacantes, Sling ayuda a las organizaciones a fortalecer sus defensas en las áreas más críticas.

  • Características:
    • Identificación de proveedores de alto valor según sus niveles de acceso y vulnerabilidades.
    • Información sobre la superficie de ataque expuesta por las conexiones de terceros.
  • Beneficio: Las organizaciones obtienen una comprensión de los puntos más probables de ataque y pueden tomar medidas preventivas.

4. Información Accionable y Reportes Personalizados

Sling ofrece reportes detallados y accionables diseñados para ayudar a las empresas a fortalecer sus estrategias de ciberseguridad. Estos reportes incluyen recomendaciones prácticas adaptadas al perfil de riesgo de cada proveedor.

  • Ejemplos de Reportes:
    • Reporte de Portafolio: Proporciona una visión detallada del estado de seguridad general de sus proveedores, destacando información clave sobre cómo sus perfiles de riesgo y puntajes impactan la resiliencia cibernética de su portafolio.
    • Reporte de Riesgo Cibernético: Ofrece un análisis detallado del estado de ciberseguridad de un proveedor específico, resaltando los riesgos que contribuyen a su Sling Score.
  • Beneficio: Las empresas están capacitadas para tomar decisiones basadas en datos que protejan sus operaciones.
CaracterísticaDescripciónBeneficio
Puntuación de Riesgo PropietariaCombina inteligencia, vulnerabilidades y datos de la Darknet.Identifica proveedores de alto riesgo.
Monitoreo ContinuoSeguimiento en tiempo real de la seguridad de los proveedores.Detección temprana de riesgos emergentes.
Vista del AtacanteVista gráfica de la perspectiva de los atacantes sobre las vulnerabilidades.Permite tomar medidas preventivas antes de que los atacantes actúen.
Información AccionableReportes personalizados con recomendaciones prácticas.Decisiones de ciberseguridad basadas en datos.

¿Cómo Comenzar con la Gestión de Riesgos Cibernéticos de Terceros?

Gestionar los riesgos cibernéticos de terceros puede parecer complejo, pero con las herramientas y estrategias adecuadas, puedes proteger tu negocio de las vulnerabilidades introducidas por proveedores externos. Al realizar evaluaciones de riesgos, establecer estándares claros de seguridad, monitorear las actividades de los proveedores y prepararte para incidentes, estás sentando las bases para una sólida postura de ciberseguridad.

Sin embargo, implementar estos pasos de manera efectiva requiere la plataforma y la experiencia adecuadas. Aquí es donde entra en juego la solución de gestión de riesgos de terceros de Sling. Con tecnologías avanzadas como Sling, puedes tener un control total de tu ecosistema de proveedores, identificar vulnerabilidades de manera proactiva y mitigar riesgos antes de que se conviertan en problemas graves.

¿Listo para proteger tu negocio y asegurar tu cadena de suministro?
Reserva una demostración personalizada hoy mismo para descubrir cómo Sling puede transformar tu estrategia de gestión de riesgos de terceros. Aprende a evaluar a tus proveedores, monitorear amenazas en tiempo real y construir un plan de respuesta a incidentes proactivo, todo en una plataforma integral.

Agenda tu Demostración Ahora

Permite que Sling contribuya a fortalecer la seguridad de tu negocio a nivel global. Actúa con anticipación y comienza a mitigar tus riesgos desde hoy.

הפוסט Gestión de Riesgos Cibernéticos de Terceros (TPRM & TPCRM) הופיע לראשונה ב-Sling Score.

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Third Party Cyber Risk Management (TPRM & TPCRM) https://vendor-monitoring.com/third-party-cyber-risk-management-tprm-tpcrm/ https://vendor-monitoring.com/third-party-cyber-risk-management-tprm-tpcrm/#respond Mon, 09 Dec 2024 14:03:37 +0000 https://slingscore.com/?p=5612 Third-party cyber risk management (TPCRM & TPRM) has become a critical focus for businesses due to the rising prevalence of supply chain attacks. Attackers have increasingly shifted their techniques, exploiting opportunities to spread their attacks through third-party entities, making risk management essential for safeguarding organizational security. For example, the 2023 MOVEit breach began when attackers […]

הפוסט Third Party Cyber Risk Management (TPRM & TPCRM) הופיע לראשונה ב-Sling Score.

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Third-party cyber risk management (TPCRM & TPRM) has become a critical focus for businesses due to the rising prevalence of supply chain attacks. Attackers have increasingly shifted their techniques, exploiting opportunities to spread their attacks through third-party entities, making risk management essential for safeguarding organizational security. For example, the 2023 MOVEit breach began when attackers exploited a vulnerability in the MOVEit file transfer software used by numerous organizations, allowing unauthorized access to sensitive customer and organizational data and resulting in widespread data exposure and significant financial and reputational damage.

Managing these risks involves identifying vulnerabilities, monitoring vendor security practices, and addressing potential threats before they escalate. In this article, we’ll explore the fundamentals of third-party cyber risk management, highlight the types of risks businesses face, and discuss why every industry must adopt a proactive approach to secure their vendor ecosystem.

What is Third Party Cyber Risk Management?

Third-party cyber risk management is the practice of identifying, monitoring, and mitigating cybersecurity risks introduced by external vendors, suppliers, or service providers. These third parties often have access to critical systems, proprietary data, and sensitive customer information, making them a potential gateway for cyber threats.

For example, many organizations use third-party cloud storage providers to handle sensitive data. If the provider’s security protocols are weak, a data breach could compromise not only their systems but also the businesses they serve. Similarly, outsourcing IT support may streamline operations, but it can also introduce risks if those vendors fail to implement proper security measures.

The goal of third-party cyber risk management is to proactively address these risks before they escalate into costly incidents. This involves evaluating the cybersecurity practices of third parties, ensuring compliance with relevant standards, and establishing clear incident response protocols. Without this level of scrutiny, businesses are effectively gambling with their own security.

Key Functions of TPCRM

  • Risk Assessment: Evaluating the potential impact and likelihood of third-party vulnerabilities.
  • Continuous Monitoring: Keeping tabs on vendor security practices to detect emerging risks.
  • Vendor Agreements: Establishing security requirements in contracts to set expectations.
  • Remediation Plan: Guidance with step-by-step instructions, prioritization of actions, strategies for mitigation, and detailed approaches to addressing identified risks and issues.

Understanding and implementing third-party cyber risk management isn’t just good practice—it’s a business imperative.

Types of Cyber Risks in Third-Party Relationships

Businesses face numerous cyber risks when working with third-party vendors, often because these external partners don’t always share the same rigorous security standards. Understanding these risks is the first step in mitigating them. Below are the most common types of cyber risks associated with third-party relationships:

1. Data Breaches

Third parties often handle sensitive customer, employee, or company data. If a vendor’s security systems are compromised, attackers can exploit their access to infiltrate your network.

  • Example: In the Target breach mentioned earlier, hackers accessed Target’s payment system through a vendor’s compromised credentials, exposing millions of customer records.
  • Impact: Financial losses, legal liability, and reputational damage.

2. Service Disruptions

If a vendor falls victim to a cyberattack, their systems could be rendered inoperable, impacting your operations.

  • Example: A Distributed Denial of Service (DDoS) attack on a cloud hosting provider could shut down critical systems for hours or even days.
  • Impact: Lost productivity, missed revenue, and damage to customer trust.

3. Compliance Violations

Regulations like GDPR, HIPAA, DORA and NIS2 hold businesses accountable for protecting data, even if it’s managed by third parties.

  • Example: A healthcare provider using a vendor that doesn’t comply with HIPAA could face steep fines if patient data is compromised.
  • Impact: Regulatory penalties and increased scrutiny from auditors.

4. Intellectual Property Theft

Third parties with access to proprietary information, like product designs or trade secrets, can inadvertently expose it through weak security measures.

  • Example: A manufacturing company’s design files could be stolen through a compromised vendor network, leading to counterfeit products in the market.
  • Impact: Loss of competitive advantage and potential legal disputes.

5. Supply Chain Attacks

Cybercriminals often target vendors to infiltrate their clients’ systems, leveraging the trust between the two parties.

  • Example: In 2021, the Kaseya ransomware attack targeted a widely used IT management software vendor. Attackers exploited vulnerabilities in the vendor’s system to deploy ransomware to hundreds of the vendor’s clients, affecting businesses globally, including schools, hospitals, and retail chains.
  • Impact: Widespread operational disruptions, financial losses from ransom payments, and significant downtime for affected organizations.
types of cyber risks
Types of Cyber Risks

Sling’s Solution for Third-Party Cyber Risk Management

Managing third-party cyber risks effectively requires sophisticated tools and a proactive approach. Sling offers a comprehensive solution tailored to the complexities of modern vendor networks, providing organizations with the tools they need to stay ahead of threats.

sling's portfolio dashboard
Portfolio Dashboard Overview

1. Proprietary Risk Scoring

Sling’s platform uses advanced algorithms to calculate a unique sling score for each third party, combining multiple data points to create a comprehensive risk profile.

  • Key Inputs:
    • Comprehensive and detailed reports on risks associated to the overall portfolio components and the specific risks introduced by each company, featuring a prioritized analysis of critical issues.
    • Analysis of asset vulnerabilities.
    • Findings from Darknet data regarding potential attacks.
  • Benefit: Organizations gain a clear understanding of their most vulnerable third-party relationships and can prioritize remediation efforts accordingly.

2. Continuous Monitoring

Sling provides real-time visibility into the security practices of third-party vendors, ensuring that any emerging risks are detected early.

  • Features:
    • Automated alerts for risk issues or non-compliance issues.
    • Regular updates on vendor security postures.
    • Integration with existing incident management workflows.
  • Benefit: Businesses can take immediate action to mitigate risks before they escalate into incidents.

3. Attacker’s View

Sling integrates threat intelligence that simulates how attackers view and prioritize vendor vulnerabilities. By understanding the attacker’s tactics, Sling helps organizations strengthen their defenses where it matters most.

  • Features:
    • Identification of high-value vendor targets based on their access levels and vulnerabilities.
    • Insights into the attack surface exposed by third-party connections.
  • Benefit: Organizations gain an understanding of where attackers are most likely to strike and can take preventive measures.

4. Actionable Insights and Tailored Reporting

Sling delivers detailed, actionable reports designed to help businesses strengthen their cybersecurity strategies. These reports include practical recommendations tailored to each vendor’s risk profile.

  • Example Reports:
    • Portfolio Report: provides an in-depth view of your vendors’ overall security posture, highlighting key insights into how their risk profiles and scores shape your portfolio’s cyber resilience.
    • Cyber Risk Report: delivers a detailed analysis of a specific vendor’s cybersecurity posture, highlighting the risks contributing to their Sling Score.
  • Benefit: Companies are empowered to make data-driven decisions to protect their operations.
FeatureDescriptionBenefit
Proprietary Risk ScoringCombines intelligence, vulnerabilities, and Darknet dataIdentifies high-risk vendors
Continuous MonitoringReal-time tracking of vendor securityEarly detection of emerging risks
Attackers ViewGraphic view of attackers perspective on vulnerabilitiesAllows to take preventative measures before attackers strike
Actionable InsightsTailored reports with practical recommendationsData-driven cybersecurity decisions

How to Get Started with Third-Party Cyber Risk Management

Managing third-party cyber risks can seem complex, but with the right tools and strategies, you can safeguard your business from vulnerabilities introduced by external vendors. By conducting risk assessments, setting clear security standards, monitoring vendor activities, and preparing for incidents, you’re laying the groundwork for a strong cybersecurity posture.

However, implementing these steps effectively requires the right platform and expertise. That’s where Sling’s third-party risk management solution comes in. With advanced technologies like Sling, you can take full control of your vendor ecosystem, proactively identify vulnerabilities, and mitigate risks before they escalate.

Ready to protect your business and secure your supply chain?
Book a personalized demo today to see how Sling can transform your third-party risk management strategy. Learn how to assess your vendors, monitor threats in real time, and build a proactive incident response plan—all in one comprehensive platform.

Schedule Your Demo Now

Let Sling help you secure your business beyond borders. Don’t wait—start mitigating your risks today!


הפוסט Third Party Cyber Risk Management (TPRM & TPCRM) הופיע לראשונה ב-Sling Score.

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The Compliance Pillars: Managing Third-Party Cyber Risks https://vendor-monitoring.com/the-compliance-pillars-managing-third-party-cyber-risks/ https://vendor-monitoring.com/the-compliance-pillars-managing-third-party-cyber-risks/#respond Thu, 15 Aug 2024 13:11:45 +0000 https://slingscore.com/?p=5312 Managing third-party cyber risks and compliance standards (such as DORA, NIS2, ISO 27001, NIST, HIPAA, and SEC) is essential, particularly when involving third-party partners. Given the growing dependence on external vendors, it’s crucial to verify that these partners adhere to cybersecurity standards to minimize risks and uphold regulatory requirements. In each third-party cybersecurity related framework, […]

הפוסט The Compliance Pillars: Managing Third-Party Cyber Risks הופיע לראשונה ב-Sling Score.

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Managing third-party cyber risks and compliance standards (such as DORA, NIS2, ISO 27001, NIST, HIPAA, and SEC) is essential, particularly when involving third-party partners. Given the growing dependence on external vendors, it’s crucial to verify that these partners adhere to cybersecurity standards to minimize risks and uphold regulatory requirements. In each third-party cybersecurity related framework, it’s essential to address several key areas to ensure comprehensive security and compliance.

Third-Party Cyber Risk Management:

Businesses should monitor third-party cyber risks by conducting thorough risk analyses. This involves not only evaluating the cybersecurity posture of each third-party before entering into a partnership but also continuously monitoring their practices throughout. Regular risk assessments should be conducted to identify any weaknesses or gaps in security, with particular attention to how third parties handle sensitive data, manage access controls, and respond to potential threats.

With the help of Cyber Risk Ratings (CRR), businesses can assess a third party’s risk level through a standardized rating system. These ratings focus on the likelihood of risk scenarios. The risk analyses should align with established compliance standards such as DORA, NIS2, ISO 27001, NIST, HIPAA, SEC and others that are relevant to the business’s industry. By guaranteeing that all third parties meet these requirements, businesses can significantly reduce the likelihood of data breaches, financial loss, or reputational damage stemming from third-party vulnerabilities.

Visibility into Cyber Threat Intelligence (CTI):

To stay ahead of potential threats, businesses must prioritize enhancing their visibility into cyber threat intelligence (CTI). This involves leveraging advanced threat detection and analysis tools that provide deep insights into the shifting environment. By integrating these capabilities, businesses can monitor and analyze data from a wide range of sources, identifying patterns that could signal an attack.

This gives organizations the ability to discover hidden vulnerabilities within their systems, networks, and processes that might otherwise go unnoticed. By identifying these weaknesses earlier on, businesses can implement targeted defenses and remediation strategies before threats materialize. Additionally, enhanced CTI allows for real-time threat monitoring, enabling rapid responses to emerging threats and minimizing the potential impact on operations. As these capabilities are integrated, it’s essential to ensure that all data collection and monitoring practices comply with relevant regulations and standards, maintaining both security and compliance.

Attack Surface Management (ASM):

Businesses should routinely conduct comprehensive assessments of their attack surfaces, viewing them through the lens of potential attackers. This non-intrusive method allows organizations to map out all possible entry points and weaknesses without disrupting operations. By identifying and addressing these vulnerabilities early, businesses can significantly reduce the risk of exploitation. This approach enhances the organization’s ability to respond to up-and-coming threats. Regularly updating and adapting this process ensures that businesses stay ahead of cyber threats, maintaining strong cyber postures at all times. Additionally, ensuring that identified vulnerabilities and corresponding mitigations are documented and reviewed during compliance assessments is critical to maintaining regulatory adherence and reducing legal risks.

How Compliance Works with Sling:

Sling enables companies to automatically assess their own compliance and that of their vendors using customizable questionnaires. The results indicate how well each party aligns with the relevant criteria. The platform can be tailored to match a company’s specific framework requirements, or Sling’s own standardized questionnaire can be used. The data is then automatically exported into reports that detail compliance status and risk severity.

Sling’s compliance framework is aligned with key standards from the United States and the European Union, including DORA, NIS2, ISO 27001, NIST, HIPAA, and the SEC. By adhering to these standards, businesses can strengthen their security, maintain regulatory compliance, and achieve operational excellence, ultimately protecting their assets and reputation. As a key partner, Sling confidently assists businesses in navigating cyber risks and maintaining compliance

הפוסט The Compliance Pillars: Managing Third-Party Cyber Risks הופיע לראשונה ב-Sling Score.

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NIS2: The Sling Approach https://vendor-monitoring.com/nis2-the-sling-approach/ https://vendor-monitoring.com/nis2-the-sling-approach/#respond Tue, 16 Jul 2024 11:00:30 +0000 https://slingscore.com/?p=5339 To read document in English:

הפוסט NIS2: The Sling Approach הופיע לראשונה ב-Sling Score.

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Original publication

To read document in English:

הפוסט NIS2: The Sling Approach הופיע לראשונה ב-Sling Score.

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Lessons from the PJ&A Data Breach https://vendor-monitoring.com/lessons-from-the-pja-data-breach/ https://vendor-monitoring.com/lessons-from-the-pja-data-breach/#respond Tue, 21 May 2024 14:07:09 +0000 https://slingscore.com/?p=5076 Perry Johnson & Associates (PJ&A) is a prominent company in the United States responsible for managing patient information by providing ‘medical transcription solutions’ to healthcare institutions. In May 2023, PJ&A was breached, resulting in one of the most significant threats to the privacy of personal information. Although not confirmed by PJ&A, experts in the field […]

הפוסט Lessons from the PJ&A Data Breach הופיע לראשונה ב-Sling Score.

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Perry Johnson & Associates (PJ&A) is a prominent company in the United States responsible for managing patient information by providing ‘medical transcription solutions’ to healthcare institutions. In May 2023, PJ&A was breached, resulting in one of the most significant threats to the privacy of personal information. Although not confirmed by PJ&A, experts in the field claim the data breach may be the result of hackers exploiting vulnerabilities in the supply chain. While it’s not always a result of the company’s negligence or wrongdoing, there are ways to enhance security. To mitigate the risk of such breaches, Sling provides an all-encompassing third-party risk assessment platform that can help maintain cyber integrity in the supply chain.

It is important to note that the breach impacted approximately 9 million individuals in America, emerging as one of the biggest identity hacks in 2023. The information leaked compromises not only the victims but also third parties connected to PJ&A. Being part of a complex supply chain, PJ&A’s vulnerabilities have affected many medical institutions working with their systems. The information leaked may be used for various tactics employed by hackers to jeopardize individuals’ well-being. In the wrong hands, the information can be used to impersonate people, giving hackers access to financial information, bank accounts, and serving as a gateway for identity theft. Moreover, if exploited, the information can be used for blackmail or even sold to individuals operating on the darknet.

PJ&A serves as a proper case study for understanding the importance of third-party risk management (TPRM). Whether the data breach resulted from exploiting vulnerabilities in third parties collaborating with PJ&A, or if PJ&A itself acted as a third party impacting medical institutions, the importance of third-party risk management cannot be overstated. TPRM serves as a valuable strategy in anticipating breaches and predicting hacks by analyzing vulnerabilities in the supply chain. Moreover, TPRM mitigates the threat posed to attacked assets by correctly managing registered information.

With the utilization of verified information and collected data, Sling can predict where attacks might happen. Using a deep assessment of known vulnerabilities in supply chains, Sling has created an intricate scoring system that helps businesses assess their vendors and find vulnerabilities before they are exploited. By doing so, our solution can help you make informed decisions about your security strategy.

In the event of an unwanted breach, Sling can offer technical evaluations to identify compromised assets and assist in verifying known malware within your supply chain, enabling prompt adjustments to be made.

הפוסט Lessons from the PJ&A Data Breach הופיע לראשונה ב-Sling Score.

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Navigating Supply Chain Regulations with Sling’s Integrated Solutions https://vendor-monitoring.com/navigating-supply-chain-regulations-with-slings-integrated-solutions/ https://vendor-monitoring.com/navigating-supply-chain-regulations-with-slings-integrated-solutions/#respond Wed, 06 Mar 2024 12:19:22 +0000 https://slingscore.com/?p=4948 With emerging regulations and guidelines, including DORA, NIS2, HIPAA, SEC, and NIST, enterprises need a trusted partner to continuously monitor third-party, vendors and supply chain cyber risk. Sling is designed to align seamlessly with the diverse set of supply chain regulations and frameworks, ensuring that organizations not only meet but exceed the necessary standards. This […]

הפוסט Navigating Supply Chain Regulations with Sling’s Integrated Solutions הופיע לראשונה ב-Sling Score.

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With emerging regulations and guidelines, including DORA, NIS2, HIPAA, SEC, and NIST, enterprises need a trusted partner to continuously monitor third-party, vendors and supply chain cyber risk.

Sling is designed to align seamlessly with the diverse set of supply chain regulations and frameworks, ensuring that organizations not only meet but exceed the necessary standards. This protects sensitive data while establishing a culture of trust and transparency with regulators and stakeholders.

DORA

The Digital Operational Resilience Act (DORA) is a European regulatory framework for financial entities and critical third parties. DORA focuses on strengthening defenses against disruptions and cyber threats.

Sling seamlessly integrates risk management assisting entities in aligning with the DORA framework. Sling aligns with DORA’s emphasis on continuous management and reporting, providing ongoing oversight and facilitating compliance with regulatory demands.

NIS2

The most recent iteration of the Network and Information Systems Directive (NIS2) is a European regulation targeting organizations critical to the economy and society’s cyber resilience, spanning sectors like energy, transport, finance, health, etc., and their supply chains. This, in turn, may impose obligations on entities outside of the EU that have business partnerships or serve as vendors for entities based within the EU.

Sling facilitates NIS2 compliance by supporting thorough risk analyses and identifying vulnerabilities in supply chains. It enables coordinated security risk assessments and ensures continuous evaluation of cybersecurity measures. Sling’s dynamic approach, including regular updates based on emerging threats, helps organizations adapt their supply chain security in alignment with the evolving threat landscape, overall enhancing enterprises cyber posture.

HIPAA

The Health Insurance Portability and Accountability Act (HIPAA), is a U.S. regulation mandating healthcare organizations to protect their health information and uphold patients’ rights. Compliance with HIPAA involves conducting comprehensive risk assessments for business associates and third parties with potential access to electronic Protected Health Information (ePHI).

Sling supports organizations in the regular review and updating of risk analysis and management processes. This adaptability ensures alignment with changes in environmental or operational factors that may impact ePHI, ensuring a continuous and dynamic approach to compliance.

NIST

National Institute of Standards and Technology (NIST) highlights Cyber Supply Chain Risk Management (C-SCRM).

While not a regulatory binding requirement, NIST is a common framework for multiple cybersecurity issues, also applicable in the form of the C-SCRM framework.

Organizations can enhance C-SCRM with the Sling tool supporting the identification, assessment, and mitigation of cybersecurity risks in the supply chain and critical infrastructure. Sling streamlines thorough risk assessments, pinpoints potential vulnerabilities, and facilitates due diligence of suppliers. Sling’s continuous monitoring strategies align with NIST’s emphasis on adaptability, enabling organizations to detect and respond promptly to changes in the supply chain risk environment.

SEC

The landscape of the U.S. Securities and Exchange Commission (SEC) regulations significantly impacts publicly traded companies, placing a primary emphasis on the management of third-party risks. Within this framework, there is a crucial focus on addressing cybersecurity, ensuring operational resilience, and upholding compliance with securities laws.

Sling facilitates adherence to multiple key compliance measures, including the adoption of External Attack Surface Management, continuous understanding and addressing of supply chain risk, standardized cyber risk measurement, driving remediation efforts, verifying vendor compliance, and determining vendor criticality. By utilizing Sling, organizations can integrate these compliance measures into their third-party risk management framework, effectively meeting SEC requirements and enhancing the overall security of their operations.

In essence, Sling becomes a vital partner for enterprises seeking to navigate the complexities of modern cybersecurity regulations. By streamlining safety procedures, Sling empowers organizations to focus on their core capabilities, confident in the knowledge that their cyber risk management is in good hands. As the regulatory landscape continues to develop and evolve, having a trusted partner like Sling becomes crucial in maintaining a strong and secure business environment.

הפוסט Navigating Supply Chain Regulations with Sling’s Integrated Solutions הופיע לראשונה ב-Sling Score.

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