Malcom Risk Advisors

Background

Malcom Risk Advisors, established in 2024 by David Malcom, is dedicated to bridging the cybersecurity talent gap for small and medium-sized businesses (SMBs) and non-profits. Recognizing the unique challenges these organizations face in protecting their data and digital assets, the firm offers expert solutions to enhance cybersecurity capabilities, ensuring resilience in today's digital landscape.

Key Strategic Focus

The company's strategic focus centers on providing tailored cybersecurity services to organizations lacking dedicated security resources. By offering access to seasoned security professionals, Malcom Risk Advisors assists clients in understanding complex security landscapes and implementing strategies to improve their overall security posture. This approach not only strengthens technological environments but also introduces operational efficiencies and enhances customer experiences.

Services Offered

Security Assessment: Identifying storage locations of sensitive data and evaluating the adequacy of existing controls.

Data Protection: Implementing measures to safeguard sensitive information against unauthorized access and breaches.

Security Training and Education: Providing security awareness training to educate staff on recognizing potential threats and best practices for utilizing company IT resources.

Internal Audit: Offering strategic recommendations to ensure internal audit departments remain relevant and respected within their organizations.

Leadership Team

David Malcom, President and CEO: With over 24 years of experience in cybersecurity, risk management, internal audit, and data analytics, David Malcom is a recognized thought leader in the field. His career includes roles in Big 4 consulting firms and leadership positions in large global corporations. Notably, he built and led the Global IT Internal Audit organization and oversaw the Data Analytics team at Accenture. David also served as the Chief Information Security Officer for a global hospitality organization, establishing their information security function. He holds a degree in Accounting and has been honored as the Auditor of the Year by the Institute of Internal Auditors (Chicago chapter) in 2023.

Competitor Profile

Market Insights and Dynamics

The cybersecurity consulting market is experiencing significant growth, driven by increasing cyber threats and regulatory requirements. SMBs and non-profits are particularly vulnerable due to limited resources, making them prime targets for cyberattacks. This underscores the demand for specialized cybersecurity services tailored to these organizations.

Competitor Analysis

Security Risk Advisors: Founded in 2010 and based in Philadelphia, Security Risk Advisors offers cybersecurity services to sectors including financial services, healthcare, pharmaceuticals, technology, and retail. With approximately 248 employees and estimated revenue of $55.7 million, they provide services such as security testing, compliance program development, and threat modeling.

Macro Risk Advisors: Established in 2008 and headquartered in Rye, New York, Macro Risk Advisors specializes in financial market intelligence and risk management for institutional clients. With around 63 employees and revenue of $11.4 million, they offer services including market analysis, trading opportunities identification, and risk management strategies.

Risk Strategies: Founded in 1997 in Boston, Massachusetts, Risk Strategies is a private insurance brokerage and risk management advisor. With approximately 5,000 employees, they provide insurance brokerage and risk management services across various industries.

Strategic Collaborations and Partnerships

While specific collaborations and partnerships involving Malcom Risk Advisors are not detailed in the available information, the firm's approach emphasizes building long-term relationships with clients. By providing tailored solutions and continuous support, they aim to be a trusted partner in enhancing cybersecurity capabilities for SMBs and non-profits.

Operational Insights

Malcom Risk Advisors differentiates itself by offering big-firm talent without the associated costs, making high-quality cybersecurity expertise accessible to smaller organizations. Their personalized solutions and commitment to building lasting relationships position them as a valuable partner for clients seeking to improve their security posture.

Strategic Opportunities and Future Directions

The increasing prevalence of cyber threats presents significant opportunities for Malcom Risk Advisors to expand its client base among SMBs and non-profits. By continuously evolving their service offerings and staying ahead of emerging risks, the firm is well-positioned to meet the growing demand for specialized cybersecurity services.