Enhancing Cybersecurity Through Third Party Risk Assessments (with Matt Quammen)
Description
On today's episode of Phin Security, Connor Swalm (CEO - Phin Security) does a deep dive into the critical importance of third-party risk assessments with Matt Quammen, president and co-founder of Optimize Cyber.
They explore how third-party risk assessments and penetration testing help businesses not only comply with regulations but also play a crucial role in proactive risk management.
Plus, they discuss the implications of cyber insurance requirements and the essential steps small businesses should take to start their cybersecurity journey.
Takeaways:
- Third-party risk assessments and penetration testing are critical for regulatory compliance and business security.
- The long-tail effect of cyber incidents, including class action lawsuits, can have massive financial impacts on businesses.
- Cyber insurance policies incentivize, but may not yet require, regular risk assessments and penetration testing.
- Starting with a risk assessment is a strategic move for businesses new to cybersecurity, highlighting both managed and unmanaged risks.
Connect with Matt Quammen on LinkedIn: https://www.linkedin.com/in/matthewquammen/
Optimize Cyber’s Linkedin: https://www.linkedin.com/company/optimizecyber/
Optimize Cyber’s Website: OptimizeCyber.com
Connect with Connor Swalm on LinkedIn: linkedin.com/in/connor-swalm/
Phin Securities Website: phinsec.io/
United States
