Cybersixgill, a global cyber threat intelligence data provider, announced the introduction of a third-party intelligence module. This powerful new extension provides vendor-specific cybersecurity and threat intelligence to security teams, allowing them to continuously monitor and detect risks emanating from third-party suppliers. This module provides this intelligence, allowing security operations teams to take pre-emptive action before an attack occurs.
An innovative third-party intelligence module combines vendor-specific cyber threat intelligence (CTI) with cybersecurity posture data from the supplier's technical environment. This combination reveals security blind spots and provides threat analysts and security teams with the means to identify threats within their supply chain and scale threat exposure management efforts.
The rise in cyber-attacks on software supply chains is a stark reminder of the dangers posed by these types of security threats. In 2023, 245,000 software supply chain attacks were reported worldwide, causing significant economic impact and costs reaching $46 billion. Current estimates predict that this number will reach an astonishing $60 billion by 2025. The impact of these cyber threats on businesses is significant, with nearly two-thirds (61%) of U.S. businesses directly affected by software supply chain attacks. Additionally, 66% of businesses expressed doubts about whether third parties would be able to promptly notify them in the event of a major breach, a growing concern.
“Cybersixgill's new third-party intelligence is a major advancement in providing security teams and CISOs with actionable threat intelligence insights to strengthen and maintain their organizations' risk posture,” says Enterprise Management Research. said Chris Steffen, vice president of security and risk management. Associates (EMA). He added: “Threat intelligence that shines a broad and bright light on threats from within an organization's third-party network is a clear missed opportunity in an organization's cybersecurity program.”
Gabi Reish, Chief Product Officer at Cybersixgill, shared a similar sentiment, saying, “Security teams can take every precaution to protect an organization's environment. If you lack information about the risks your chain faces and the implications for your company, the consequences of a breach in your security posture can be detrimental to your company's brand and bottom line.'' The company also noted the importance of new third-party intelligence modules that provide security operations and threat analysts with critical insights to protect organizations and their supplier and partner networks as the cost of supply chain attacks rises. Did.
In a world of increasing cyber threats, the introduction of Cybersixgill's third-party intelligence module is a welcome development, allowing organizations to better manage and mitigate potential cybersecurity risks within their supply chains. We provide critical solutions.
