Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Whenever an organization outsources part of its business process to an outside party, it introduces various risks to the primary organization. Third-party risk management refers to how organizations address and mitigate security risks across their entire library of vendors and suppliers. Unfortunately, third-party risk exposure can be difficult to manage and comes with many challenges organizations must address for an effective third-party risk management program.

CISA added CVE-2023-24489 to the Known Exploited Vulnerabilities Catalog in August 2023. CVE-2023-24489 is an access control vulnerability impacting the use of Citrix ShareFile StorageZones Controller version 5.11.24 and below. Citrix ShareFile is a real-time collaboration platform. While ShareFile primarily offers a cloud-based file-sharing application, there are some features that accommodate data storage through the use of a storage zone controller.

Your website or application must be set up within communications networks in order to be accessible to users. Each connection point to an external environment is a possible attack vector that makes up your attack surface. In order to encrypt traffic between your site and your users, you can set your system up with an SSL certificate that uses SSL/TLS protocols to secure traffic.

According to the Bank for International Settlements, the financial sector is most targeted by hackers, after the healthcare sector. Finance businesses handle and manage large amounts of financial data, making them prime targets for cybercriminals. According to the Financial Stability Board, a serious cyber incident could destabilize financial systems, impacting critical infrastructure and the economy.

Cybersecurity is necessary to protect data from criminals. However, the world of cybersecurity is not so simple. Therefore, a discussion of cybersecurity ethics needs to examine the morality of businesses collecting, processing, using, and storing data. How cybersecurity professionals affect security measures is also worth exploring. Businesses and individuals should ask themselves whether the ends justify the means and to what extent they are willing to sacrifice data privacy for data protection.

While there is no unitary law for cybersecurity and data protection in Germany, the cyber security landscape is held together by a combination of federal and European laws and regulations. Like every European country, Germany’s data protection is governed and enforced by the strict EU-GDPR.

Any organization that relies on third-party vendors for critical business functions should develop and maintain an effective third-party risk management (TPRM) policy. A TPRM policy is the first document an organization should create when establishing its TPRM program. TPRM policies allow organizations to document internal roles and responsibilities, develop regulatory practices, and appropriately communicate guidelines to navigate third-party risks throughout the vendor lifecycle.

The external attack surface is the sum of all potential attack vectors originating outside your internal network, that is, your third-party attack surface. With reliance on third-party vendor relationships increasing, External Attack Surface Management (EASM) plays a more prominent role in data breach prevention programs.

A Third-Party Risk Management Program (TPRM) is a systematic approach to mitigating risks associated with third parties, such as vendors, suppliers, and contractors. It includes an assessment process that identifies, evaluates, and remediates any risks affecting your organization. Implementing effective third-party risk management (TPRM) measures can safeguard organizations against potential threats and promote seamless and confident collaborations with external partners.

The U.S. Federal Government passed the Computer Fraud and Abuse Act (18 U.S.C.§1030) (CFAA) in 1986 as an amendment to the Comprehensive Crime Control Act of 1984, which included the first federal computer crime statute. Since enacting the CFAA, congress and the federal government have amended the act multiple times to extend its reach and impose criminal and civil liability on additional malicious computer activities.