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Bridge the Compliance Gap: New Tools Empower MSPs to Bolster Cyber Risk Management

Posted on February 20, 2024February 20, 2024 By Martin Hinton

In today’s rapidly evolving cyber threat landscape, businesses face ever-increasing challenges to safeguard their digital assets. Managed Service Providers (MSPs) stand as crucial guardians of their clients’ cybersecurity. However, the intricacies of compliance often present daunting hurdles. However, with Compliance Scorecard’s latest enhancements, MSPs now have powerful new tools at their disposal to bridge the compliance gap and bolster cyber risk management.

Formerly known as Compliance Risk, Compliance Scorecard has undergone a strategic rebranding. This evolution underscores the company’s commitment to assisting MSPs in seamlessly integrating compliance services into their portfolios.

Tim Golden, Founder and CEO of Compliance Scorecard, emphasizes the company’s dedication to setting a new governance and compliance management standard. Golden said, “Our new brand and expanded offerings reflect our focus on simplifying the complex world of compliance for MSPs. We are committed to innovation and our mission to empower MSPs and businesses to achieve and maintain policies and procedures that protect their organizations and their customers.

Backed by investment from Bellini Capital and recognized as a leader in Assessment by Channel Program for the fourth quarter of 2023. This acknowledgment is a testament to its performance and innovation, as evidenced by customer satisfaction.

In conjunction with its rebranding, Compliance Scorecard introduces enhancements designed to simplify IT governance from policy to practice. These include standardized documentation using the Open Security Controls Assessment Language (OSCAL). Additionally, in collaboration with FifthWall Solutions, Compliance Scorecard now offers a cutting-edge cyber insurance scorecard. Furthermore, new policy reference materials, video training courses, and expanded peer support resources empower MSPs to navigate compliance complexities effectively.

Source: Compliance Risk Rebrands to Compliance Scorecard™; Introduces New Governance-as-a-Service Enhancements for MSPs.

Other News: MSPs Warned: Be Careful About Giving Clients Cyber Insurance Advice (Opens in a new browser tab)

Risk Modeling Tags:Compliance, Compliance Scorecard, cyberinsurance, Cybersecurity, Risk Strategies

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

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📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

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00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
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Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

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6:26 - William Altman on AI and threat actors
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14:20 - The future of AI in cybercrime

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Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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