Third-party vendors are essential for many business operations, from cloud providers to SaaS applications. However, they add to the ever-growing scope of an organization’s risk management. Third-party risk management (TPRM) is the process of identifying, assessing, and mitigating the security risks posed by vendors, contractors, and service providers that have access to your organization’s data or systems.

At UpGuard, we know that in cybersecurity, timing is everything. That’s why we’ve enhanced our news and incident scanning with 500% more coverage, bringing you faster insights from high-impact sources. Now, SOC analysts and security teams can catch incidents affecting their organization or supply chain sooner, allowing for quicker, proactive responses to mitigate threats before they escalate.

Obrela’s Nick Loumakis, Regional Managing Director MENA, describes the complex cyber attack landscape across the Middle East As the Middle East undergoes rapid economic growth and digital transformation across key sectors like finance, energy, and government, the region faces a surge in cybersecurity threats. The integration of cloud services, IoT devices, and digital financial systems has increased vulnerabilities, making it a focal point for sophisticated cyberattacks.

API calls are the backbone of modern software, enabling applications to communicate and share data seamlessly. However, with this integration comes the challenge of understanding and managing the identities used in API calls. These identities, often tied to authentication and authorization mechanisms, are crucial for determining what data is accessed and exchanged.

As organizations continue to embrace digital transformation, their infrastructure increasingly spans cloud environments, third-party integrations, and remote work setups. This shift enhances efficiency and productivity—but also broadens the digital attack surface, creating new points of exposure to the public internet.

Federal Risk and Authorization Management Program (FedRAMP) and State Risk and Authorization Management Program (StateRAMP) are pivotal frameworks for securing cloud services used by federal and state governments, respectively. These programs mandate stringent security protocols, emphasizing the need for organizations to manage and disclose third-party involvement in delivering software services to the government.

In today’s rapidly evolving digital landscape, managing cyber risk has become essential for sustaining corporate growth and resilience. Cyber risk management requires balancing corporate growth against the evolving tactics of threat actors and governmental regulations – a daunting task that requires continuous measurement and strategic reflection.

In a digital world that’s evolving faster than ever, industry landscapes are shifting, and customer needs are becoming more complex. At Veracode, we recognize these fundamental changes in the application security space. That’s why Veracode strategically acquired Longbow Security, now rebranded as Veracode Risk Manager.