Identifying Third-Party Vendor Risks with Michael Magyar

the Tea on Cybersecurity

Gain an understanding of the challenges and solutions surrounding vendor security in this podcast episode.

Michael and Jara discuss the complex subject of third-party risks and why every business, big or small, needs to be cautious about their vendors' security practices. From identifying potential risks to evaluating security measures, Michael offers essential steps businesses should take if a vendor experiences a security incident, stressing the importance of containment, breach notification, and calling in the right experts for help.

Key Takeaways:

  • Third-Party risks are everywhere and to understand where these gaps could be, think about a vendor or third-party as “outsourced staff”

  • What to look out for when working with any vendor or third - party, namely Public Statements of Security

  • How to handle a situation if a vendor or third-party of yours is breached

The Tea on Cybersecurity

Cybersecurity—a word we hear all the time. Show of hands for those that actually understand what it means.

The Tea on Cybersecurity is here to help educate the newbs on what cybersecurity is, why it is important, and everything in between. The Tea on Cybersecurity is for everyone, but especially those small and medium-sized businesses that are starting their journey in building a cyber risk management program. Each show is about 15 minutes long to deliver you with the facts and less fluff.