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
Kelly White, co-founder and CEO, RiskRecon

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.

See Also: The Cost of Underpreparedness to Your Business

"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.

About the Author

Anna Delaney

Anna Delaney

Director, Productions, ISMG

An experienced broadcast journalist, Delaney conducts interviews with senior cybersecurity leaders around the world. Previously, she was editor-in-chief of the website for The European Information Security Summit, or TEISS. Earlier, she worked at Levant TV and Resonance FM and served as a researcher at the BBC and ITV in their documentary and factual TV departments.

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