The UNSECURITY Podcast – Episode 64 Show Notes – 3rd Party Risk
Here we are, already into the 4th week of January and this is the last show for the month.
Quick recap of last week because it was awesome!
On Saturday (1/18), we held our holiday party at Punch Bowl Social. FRSecure and SecurityStudio employees flocked in from all over the country (Nevada, Kentucky, Missouri, Florida, etc.) to celebrate together. We sort of took over the joint with 120+ people eating, drinking, singing karaoke, bowling, playing pool, and hanging out.
One of our core values is “work hard/play hard”, and Lord knows we are experts at both these things! The teams did incredible things in 2019 and every single person played a critical part in our success. It was so awesome to spend time with each other, celebrating (a great 2019) and looking forward to an even better year ahead (2020)! It was a great night!
We gathered everyone together on Monday (1/20) morning for our quarter end/year end meeting. There are no words to describe what these people did in 2019. There isn’t an adequate adjective. By every account, 2019 was a huge success. Not only in terms of dollars and cents, but more importantly in the impact we made on our industry and in people’s lives.
Just a few highlights:
- FRSecure has helped more than 1,000 organizations build and maintain better information security programs.
- The CISSP Mentor Program helped 532 people learn better information security, secure better career options, and/or successfully pass their CISSP exam. UPDATE: We exceeded the entire 2019 enrollment within 24 hours of opening this year’s registration!
- We gave more than 100 talks at conferences all over the United States.
- SecurityStudio made great strides in helping organizations and people speak the same (information security language), including the release of the S2Me.
- The companies grew at more than 40% again (top line), for the 10th consecutive year.
I could write an entire book about what was accomplished in 2019, and I’m speechless when I think about what we’ll do together this year (2020)!
The Minnetonka HQ office was full and buzzing on Monday! The rest of the week was filled with meetings, conversations, and security stuff. All icing on the cake.
Alright, on to the show notes. This is Brad’s show to lead and these (below) are his notes.
SHOW NOTES – Episode 64
Date: Monday, January 27th, 2020
Our topics this week:
- Catching Up
- FRSecure Year End
- SecurityStudio Year End
- 3rd-Party/Vendor Risk Management
- Let’s get literal.
- A deep dive.
- Seven “must haves”.
- A warning (or two)
- Next Week
- Tips for talking to boards
- I’m going to RSA this year and I already regret it
[Brad] Welcome back! This is episode 64 of the UNSECURITY Podcast, and I’m your host this week, Brad Nigh. Today is January 27th, and joining me is my co-host, Evan Francen. Good morning Evan.
[Evan] Something energetic and uplifting I’m sure.
[Brad] We’ve got another great show planned for you this week, and we’ve already got some good topics to talk about next week. This week we’re going to cover a deep dive into 3rd-party (or vendor) risk management. Next week we’re going to cover tips for talking to boards and have a conversation about the RSA money grab. Don’t miss it! I’m guessing it could get controversial.
Before we get started, let’s recap last week quick.
- Brad’s update(s)
- Evan’s update(s)
[Brad] I wanted to take some time today talking about Vendor Risk Management and the difference between an audit based certification (SOC2, ISO, HITRUST) vs a risk assessment (S2Org or similar).
[Evan] Yeah man! Let’s do it!
3rd-Party/Vendor Risk Management
[Brad] You added stuff to my show notes! What gives man?
[Evan] Yeah, I couldn’t help myself. Hope you’re OK with it.
[Brad] What’s with “let’s get literal”?
[Brad] Let’s talk about the differences between audit based certification (SOC2, ISO, HITRUST, etc.) versus a risk assessment (S2Org or similar).
- The fundamental differences
- The positives and negatives to both approaches
- At the end of the day, what should an organization be trying to accomplish with their Vendor Risk Management program
- What should the vendor share/not share, how do they handle requests for more than they are comfortable sharing
Be sure to mention the new article (not yet posted), “Seven must-haves for effective third-party information security risk management”. You can get the free preview download by emailing us.
[Brad] Hopefully that was helpful to people working on both sides of Vendor Risk Management. Let’s do some news.
Always plenty of things to talk about in the news, and here’s a few stories that caught my eye this week:
- ThreatList: Ransomware Costs Double in Q4, Sodinokibi Dominates – https://threatpost.com/threatlist-ransomware-costs-double-in-q4-sodinokibi-dominates/152200/
- DDoS Mitigation Firm Founder Admits to DDoS – https://krebsonsecurity.com/2020/01/ddos-mitigation-firm-founder-admits-to-ddos/
- Snake Ransomware That Written in Golang Language Removes Backup Shadows Copies & Encrypt Windows Files – https://gbhackers.com/snake-ransomware/
- Over Half of Organizations Were Successfully Phished in 2019 – https://www.infosecurity-magazine.com/news/over-half-of-organizations-phished/
- NIST’s new privacy rules – what you need to know – https://nakedsecurity.sophos.com/2020/01/22/nists-new-privacy-rules-what-you-need-to-know/
[Brad] That’s it. Episode 64 is a wrap. Thank you to our listeners! Keep the questions and feedback coming. Send things to us by email at email@example.com. If you’re the social type, socialize with us on Twitter, I’m @BradNigh and Evan is @evanfrancen. Lastly, be sure to follow SecurityStudio (@studiosecurity) and FRSecure (@FRSecure) for more goodies!
That’s it. Talk to you all again next week!