SpyCloud, the leaders in account takeover prevention, launched its Third Party Insight solution to help government and industry leaders evaluate risks presented by vendors, partners and acquisition targets, the company announced in October 2019.
"Our new Third Party Insight solution gives businesses a way to evaluate supply chain risks and work cooperatively with their vendors to mitigate them, in turn strengthening their overall security posture while building goodwill with key partners and suppliers," said David Endler, chief product officer and co-founder of SpyCloud.
SpyCloud has based the solution around several factors that stem from the threat of account takeovers. The Third Party Insight will provide the company’s customers with a risk ranking catered to the specified account’s threat of takeover.
The technology also integrates data on executive credentials, potential infected employees and the rate of password reuse across exposed data. Companies can share this data with partners for free and work with them to remediate exposures, reducing the risk of a breach due to account takeovers in their supply chain.
SpyCloud has cited the attack on Citrix, a provider of virtual private network services to most of the Fortune 1000, in March 2019. The company fell victim to a breach that emanated from an account takeover attack. Criminals had access to emails, project files, employee information and more over a six-month period before the breach was detected. Third Party Insight will continue to protect company’s against these types of cyber attacks.
"In addition to helping assess how vendors and partners may increase your attack surface, Third Party Insight can also help you understand exposures you may inherit through mergers and acquisitions…When news of an acquisition leaks to the press, the parties involved become ideal targets for criminals. We can now proactively improve the security posture of these parties ahead of these events,” said Ted Ross, CEO and Co-founder of SpyCloud.
SpyCloud is the leader in account takeover (ATO) prevention, protecting billions of consumer and employee accounts either directly or through product integrations. Our award-winning solutions proactively defeat fraud attempts and disrupt the criminals' ability to profit from stolen information.