653 Threat Captain: Bridging the Gap Between Cybersecurity and Financial Risk

Episode Sponsor: Thread (www.getthread.com)=== Adam Anderson, co-founder of Threat Captain, joins the podcast to discuss his company's mission and its participation in the PitchIT accelerator program. Threat Captain is a cybersecurity leadership development company dedicated to bridging the gap between executive leadership and security teams through strategic alignment and informed decision-making.The company has developed a financial risk platform that helps people understand and communicate the financial impact of cybercrime. This platform is designed to facilitate better conversations between technology providers and their customers by graphically showing the likelihood and potential financial impact of a cyber breach based on the customer's security controls.Threat Captain's software platform is a SaaS tool that runs simulations on cyber threats and impacts, providing reports for MSPs to share with their customers during QBRs or for prospecting. It leverages data feeds from the MITRE ATT&CK framework and the Verizon Data Impact Report to assess the likelihood and potential financial costs of a breach based on the customer's security posture.While initially targeting the insurance industry, Threat Captain pivoted to focus on the MSP market, recognizing the need for transparency and data-driven insights to sell cybersecurity services effectively. The company is currently in its first eight months and is actively seeking integrations with various MSP software products to enhance its platform's capabilities.Threat Captain's participation in the PitchIT accelerator program aims to gain valuable feedback from potential customers and industry experts, ensuring they build the best possible product from the outset.Key TakeawaysThreat Captain provides a financial risk platform to help communicate the financial impact of cybercrime.The platform assesses the likelihood and potential financial costs of a cyber breach based on a customer's security controls.Threat Captain's software runs simulations and provides reports for MSPs to share with customers.The company leverages data from the MITRE ATT&CK framework and Verizon Data Impact Report.Threat Captain is actively seeking integrations with various MSP software products.Participation in the PitchIT accelerator program aims to gather feedback and insights for product development.Links from the showWebsite: https://threatcaptain.com/ === Connect with Uncle Marv🌐 Website: https://www.itbusinesspodcast.com/🎙 Host: Marvin Bee🛒 Uncle Marv’s Amazon Store (gear & tools I recommend): https://amzn.to/3EiyKoZ☕ Support the show: https://ko-fi.com/itbusinesspodcastIf you found value in this episode, share it with another MSP, IT provider, or tech entrepreneur. Your support helps keep practical, no-nonsense IT business conversations coming every week.