In recent years, there’s been a rise in the number of cyber attacks resulting from vulnerabilities in vendors and third-party organizations. As organizations recognize the need to effectively assess and mitigate the cyber risks associated with their third-parties, the third-party risk management (TPRM) market has become a critical component of business operations. TPRM solutions offer methods to evaluate an organization’s digital infrastructure by calculating a cyber score and prioritizing the associated vendors.
Even though TPRM solutions are gaining popularity, third-party attacks are still surging, often resulting in significant financial losses to organizations, as well as business interruptions. This trend continues due to cyber score miscalculation and a lack of risk assessment.
Sling Score addresses the inadequacies of existing risk assessments and the oversight of critical risks through its proprietary scoring algorithm, which is specifically tailored to focus on the Darknet. This tool was developed in collaboration with Threat Intelligence experts, leveraging a unique, in-house decade-plus Darknet and cybercrime database. Sling’s scoring mechanism, referred to as the “Sling Score”, operates on a scale of 0 to 100, representing the risk of the company being attacked by considering insights from an attackers’ perspective.
This is done by three key functionalities. Firstly, through actionable assets discovery, it autonomously validates the identification of assets, including domains, subdomains, and IP addresses, ensuring a wide detection and analysis of company-related assets. Secondly, the intelligence collection which includes advanced analysis to delve into attackers’ motivations, relying on a deep understanding of the Darknet and open sources. Lastly, the system prioritizes noise reduction, concentrating on verified data with clear impact on the vendor’s network.
These methods make the Sling Score a predictive tool for cyber incidents, offering a solution that combines extensive Darknet knowledge with expert-driven threat intelligence for a more robust and proactive approach to cybersecurity. Over time, customers using Sling’s platform can improve companies’ scores by remediating risks related to network vulnerabilities & minimizing Darknet exposure. Customers with an average portfolio score of 75 and above are unlikely to endure a cyber incident from a provider in the supply chain.
With this approach, Sling helps organizations maintain a resilient cybersecurity posture by addressing vulnerabilities and staying current with the evolving threat landscape.
