Potential rockfall source areas are widely distributed in the high mountain areas of the Tibetan Plateau, posing significant hazards to human lives, infrastructures, and lifeline facilities. In a combination of field investigation, high-precision aerial photogrammetry, and numerical simulation, we took the Maoyaba basin as an example to explore a rapid identification method for high-altitude rockfall sources. An automatic potential rockfall source identification (PRSI) procedure was introduced to simplify the process of rockfall source identification. The study revealed that rockfall sources are concentrated in areas with intense frost weathering. Our identification results were validated using rockfall inventory data detection from remote sensing images and field investigation. Of the rockfall source areas identified by the PRSI procedure, 80.85% overlapped with the remote sensing images result. The accuracy assessment using precision, recall, and F1 score was 0.91, 0.81, and 0.85, respectively, which validates the reliability and effectiveness of the PRSI procedure. Meanwhile, we compared the rockfall source distribution of five DEMs with different resolutions and four neighborhood areas. We discovered that, in addition to high-resolution DEMs (i.e., 1 m and 2 m), medium-resolution DEMs (i.e., 5 m, 12.5 m) also perform well in identifying rockfall sources. Finally, we conducted a hazard assessment based on Culmann’s two-dimensional slope stability model and rockfall hazard vector method. Appropriate protective measures should be taken at high-hazard sections to safeguard pedestrians, vehicles, and related infrastructure from rockfalls.