Gone Phishing

Gone Phishing


Enhancing Cybersecurity Through Third Party Risk Assessments (with Matt Quammen)

June 05, 2024

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/