I sit down with Bob Burns, the Chief Product Security Officer at Thales Cloud Protection and Licensing, a division of Thales. The discussion was a deep dive into the alarming statistics and insights from Thales' 2023 Data Threat Report, which provides a comprehensive look at the evolving landscape of cybersecurity threats, notably ransomware. Bob starts the conversation by highlighting how ransomware attacks have not just increased in frequency but have also evolved in sophistication. What's more disconcerting is that despite this knowledge, the industry as a whole has not substantially improved its cybersecurity posture. This lack of progress is manifesting as a critical impact on businesses, disrupting operations and diminishing revenues. We continue to delve into the worrisome metrics around data loss due to cyberattacks. Bob's insights bring to light the severe implications of inadequate cybersecurity planning. The conversation touches on the notion that having a robust ransomware plan isn't just a technological necessity but also a strategic imperative for business continuity. Bob stresses the value of proactive rather than reactive measures in mitigating the threat landscape. Legal and ethical considerations also take center stage in the discussion. We explore the complexities that organizations face when deciding whether or not to pay a ransom. The debate surfaces the ethical dilemmas, legal repercussions, and long-term business consequences that accompany such a critical decision. At the heart of the episode is the conversation on the financial impact of ransomware attacks. We both agree that beyond data loss and potential reputational damage, the most immediate effect is on a company's bottom line. The 2023 Data Threat Report supports this view, revealing that of those affected, a staggering 67% experienced some form of data loss, with 35% reporting a significant impact or exposure to external operations. The episode concludes with an analysis of how companies are shifting their spending to prevent ransomware attacks, as revealed by the 2023 Data Threat Report. While 61% of respondents claim they would allocate or shift budgets toward ransomware preventive tools, the report also indicates a lack of clarity in terms of what specific tooling organizations are investing in. Despite these incremental changes in spending, the report underscores the need for more coordinated efforts between stakeholders. In sum, the episode is a compelling discourse that not only provides alarming statistics about the increasing threat of ransomware but also engages listeners in the broader complexities of cybersecurity planning, ethical considerations, and financial consequences. It serves as an invaluable guide for business leaders, IT professionals, and policymakers seeking to understand and address the intricate challenges posed by ransomware and other evolving cybersecurity threats. ... https://www.youtube.com/watch?v=9KsS0ZNYtMY

Hiring is a time-consuming process. Have you ever gone through hundreds of resumes, shortlisted candidates, scheduled multiple interviews, and still could not find the right person for your team? This is the exact problem a company called Hirect set out to solve. Hirect focuses on top tech startup hiring. Using its proprietary algorithm, they match job seekers and recruiters instantly. The one-stop-shop for matching candidates and video interviewing removes the time-consuming email tennis waiting for responses. Stephanie Lovell shares how Hirect's algorithms combined with asynchronous communication are, helping tech startups find the right candidate fast. I also learn how this means no more anxious waiting or messy communications for candidates. ... https://www.youtube.com/watch?v=XycLo9y5C10

In an era where global spending on cybersecurity solutions is forecasted to surpass $200 billion in 2023, and nearly $300 billion by 2026, the persistence of cyberattacks is a baffling paradox. More perplexing is the fact that phishing attacks constitute more than 90% of these cyber incursions. To dissect the reasons behind this incongruity and chart a viable way forward, I spoke with Max Gannon, Vice President of Threat Research at Cofense, a company that stands at the forefront of anti-phishing solutions. Max Gannon offers an eye-opening perspective that challenges conventional cybersecurity wisdom. He argues that the overreliance on technology to solve phishing problems is a fundamental flaw in how organizations approach security. Despite the sophistication of machine learning algorithms and threat detection systems, technology alone is unable to fully understand the human behaviors and decision-making processes that often lead to successful phishing attacks. This brings us to another pivotal point made by Max: the underestimated value of Security Awareness Training (SAT). In a digital culture where checking boxes often substitutes for comprehensive understanding, SAT programs can sometimes be reduced to a perfunctory exercise. Max emphasizes the necessity of evolving these programs into continuous educational experiences that adapt to ever-changing threat landscapes. Integrating human intelligence into cybersecurity strategy is not just an add-on; it's imperative. According to Max, human intelligence can catch the nuances and intricacies that often evade machine-led security measures. Organizations can leverage both human and machine capabilities with a more foolproof defense mechanism by having a more integrative approach. During our conversation, we also explored the current state of the cyber threat landscape, highlighting the limitations of current email security measures. Max notes that even the most advanced technologies can fall prey to sophisticated social engineering attacks, making up 98% of social engineering attacks according to some statistics. We also delved into the future of cybersecurity, examining potential strategies and solutions that organizations can adopt to stay one step ahead of increasingly inventive and aggressive cyber adversaries. This engaging dialogue with Max Gannon is a conversation and a call to organizations to rethink their cybersecurity strategies. As phishing remains a ubiquitous threat, the insights from Max offer a robust framework for reinforcing organizational cybersecurity measures. I highly recommend tuning into this enlightening discussion to learn how to fortify your defenses in an ever-volatile cyber world. ... https://www.youtube.com/watch?v=0qO5F2UvWqY

In its latest SMB technology forecast, Analysys Mason predicted that IT spending by SMBs will grow at a growth rate of 7.5% between 2022 and 2027. In addition, cloud-based categories are expected to grow from USD $600 billion in 2022 to USD $1.0 trillion in 2027. Bob Takacs, Research Director and SMB IT practice leader at Analysys Mason, commented on the forecast, “Our latest forecast reveals the shift in SMBs’ behavior and priorities since the pandemic. We see increased investments in categories driving resiliency and efficiency. This is an important release because we accounted for the impact of three critical drivers, including SMB’s changing behaviors post-pandemic, macroeconomic headwinds, and the global political unrest.” Bob joins me on Tech Talks Daily to discuss how the report suggests that SMB’s spending priorities include IT solutions that support efficiency, resiliency, and business continuity. We also discuss how three categories will account for almost half of all spending; managed services, infrastructure, and cybersecurity. Finally, we talk about how a distributed workforce and hybrid working practices will continue to influence IT spending. ... https://www.youtube.com/watch?v=L1Pl__Ch0z8