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Reduce Third-Party Risk and Secure Your Supply Chains with Cyware

Reduce Third-Party Risk and Secure Your Supply Chains with Cyware - Featured Image

Third-Party Risks Jun 23, 2023

The Problem

  • Large enterprises are supported by thousands of suppliers.

  • A majority of suppliers lack robust cybersecurity measures.

  • Vulnerable supply chains pose a significant risk for enterprises.

Case in Point: MOVEIt Transfer Vulnerabilities

Recent vulnerabilities in MOVEit Transfer, a popular file transfer software, allowed threat actors to gain escalated privileges and unauthorized access to the software. This vulnerability directly affected thousands of enterprises and significantly amplified supply chain risks, exposing an immense gap in supply chain security. Had these enterprises been able to proactively warn their suppliers about the vulnerabilities, the impact of the MOVEit vulnerability would have been significantly reduced.

Solution: Early Threat Warning and Advisory Sharing with Suppliers

Enterprise security teams must activate their shareable intelligence and advisories to drastically decrease supply chain vulnerabilities. Cyware’s Collaborate (CSAP) platform enables enterprises to reduce their third-party risks with:

  • Vulnerability Advisory Sharing : Automatically ingest vulnerability advisories from software providers and share them with suppliers.

  • Threat Assessment Surveys : Promptly identify suppliers at risk from new vulnerabilities by performing real-time threat assessments.

  • Action Assignment : Assign mitigation actions to suppliers and encourage them to patch vulnerabilities before they are exploited.

  • Security Collaboration : Create working groups and directly collaborate with suppliers during active threats or incidents.

Cyware's Collaborate (CSAP) platform allows you to share vulnerability advisories with your suppliers from multiple pre-configured sources. You can also add new advisory sources or create your own advisories and share them.

Schedule a free demo to learn how large enterprise security teams are using Cyware to mitigate third-party cyber risk

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