External Risk Management – Cyberprosys – Cloud Security Posture Management

External Risk Management

It is a process that helps organizations identify and reduce risks that come from outside their organization.

Securing Your Organization from Third-Party Threats.

Key Components of External Risk Management

1. Third-Party Risk Assessment (TPRM)

Assess vendors, suppliers, and partners for security risks before onboarding.
Evaluate risk factors such as data handling policies, access controls, and cybersecurity maturity.
Conduct continuous monitoring instead of just annual security audits.
Solution: Use tools like BitSight, SecurityScorecard, and UpGuard for vendor risk ratings.

2. Supply Chain Security Monitoring

Detect vulnerabilities in software, hardware, and service providers.
Require vendors to follow secure coding practices (e.g., OWASP, NIST frameworks).
Identify hidden dependencies in the supply chain to prevent cascading risks.
Example:Log4j vulnerability (2021) exposed thousands of businesses using Java-based applications from third-party vendors.

3. Continuous Threat Intelligence & Dark Web Monitoring

Monitor external attack surfaces for leaked credentials, exposed APIs, and stolen intellectual property.
Use threat intelligence feeds to track third-party breaches and cybercriminal activity targeting vendors.
Scan dark web marketplaces for compromised vendor credentials.
Solution:Palo Alto Cortex Xpanse, Recorded Future, and Digital Shadows provide real-time external threat visibility.

4. Vendor Access Control & Zero Trust Security

Apply Zero Trust Architecture (ZTA) to restrict third-party access to critical systems and data.
Enforce least privilege access (LPA) for vendors using IAM, MFA, and just-in-time access policies.
Conduct regular audits of vendor credentials and API integrations.
Example: Implement Microsoft Entra (Azure AD), Okta, or CyberArk for third-party identity management.

5. Compliance & Regulatory Risk Management

“CYBERPROSYS ” is a leading company.

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