3rd Party Risk Management , Critical Infrastructure Security , Cybercrime
How Ransomware Has Changed the Nature of Risk
Kelly White of RiskRecon on Assessing Suppliers' Cyber Hygiene
Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. "Managing the ransomware risk in the supply chain is not dissimilar to managing the risk of data loss incidents. Suppliers have got to have good cyber hygiene," he says.
"A lot of companies, in their third-party risk management, have not yet reconciled that operational dependency that they have from a cybersecurity perspective with their suppliers," White says, adding that ransomware has "really brought that to the fore."
In a video interview with Information Security Media Group at RSA Conference 2022, White discusses:
- Managing the ransomware risk in the supply chain;
- The correlation between cyber hygiene, ransomware and data loss;
- The key to developing a strong security culture.
Prior to founding RiskRecon, White held various enterprise security roles, including CISO and director of information security, for financial services companies. He was also practice manager and senior security consultant for CyberTrust and Ernst & Young.
