On today's episode, Connor Swalm (CEO - Phin Security) delves into the world of cyber risk management with guest Matt Quammen, the co-founder and president of Optimize Cyber.
Takeaways
- Matt discusses the importance of MSPs in making cyber risk an approachable topic for businesses and emphasizes the need for insurance, 24/7 security operations, and regulatory compliance.
- The discussion covers how cyber insurance and backups, when combined, can save businesses from the impact of ransomware attacks, reducing downtime and financial losses.
- Matt highlights the importance of implementing secure protocols for financial transactions, such as requiring in-person verification for money transfers, to prevent wire fraud and unauthorized banking information changes.
- The conversation touches on navigating discussions with small businesses on prioritizing cybersecurity, emphasizing the importance of managing cyber risk as it is within their control unlike other macroeconomic factors.
Connect with Matt Quammen on LinkedIn: / matthewquammen
Optimize Cyber’s Linkedin: / optimizecyber
Optimize Cyber’s Website: OptimizeCyber.com
Connect with Connor Swalm on LinkedIn: linkedin.com/in/connor-swalm/
Phin Securities Website: phinsec.io/
Chapters
01:13 Introduction to MSPs in Cyber Risk Management
03:57 Cyber Insurance and Backup Solutions
09:23 Secure Financial Transaction Protocols
13:19 Balancing Cybersecurity for Small Businesses