Wednesday, September 22 2021

Large enterprises continue to be beleaguered by the outsized consequences of human errors, many of which are entirely avoidable. Jeremy Seth Davis spoke with RedSeal CEO Ray Rothrock about developing digital resilience against threats that rely on employee negligence.

Rothrock has since published an executive handbook on the topic, Digital Resilience: Is Your Company Ready for the Next Cyber Threat?, and he was recently named executive chairman of the cyber risk modeling platform.

This transcript has been edited slightly for clarity.

I’d like to hear your thoughts on cybersecurity trends. You have discussed phishing attacks. That’s an important area of concern.

Phishing has become a really big deal. No longer is the perimeter of a corporation or an organization now the main barrier—because phishing just walks through the front door, usually attached to email. In fact, I’ve seen reports that about 95% of all the attacks, begin with a phishing event or someone either intentionally or accidentally clicks on a link in an email, they think it’s official or whatever. So that means the threat is now in, it’s not just being stopped at the firewall and detecting that malware in the email, for example, is very difficult. I mean, fire eye has some technology there, but nothing’s perfect. So assume it’s in assume you’re going to click on assume it’s going to disperse itself. But phishing is a big deal. There are companies I’m aware of startups that are working on technologies that will try to detect the phishing packets before they get to the firewall that would be great. But that’s probably a ways off and they’ll never be 100%.

It’s just a way that the bad guys have inflected the market one more time to get inside your perimeter defense and so therefore, interior defenses and capability respond is really important. Actually, the big aha moment, this third phase, if you will, that I see happening is McKinsey & Company published a book called Beyond Cybersecurity in April of this year and it’s about resilience. In particular, they call it digital resilience, and resilience, basically, as the ability to recover from impairment. Automobiles have resilience, they build steel bodies, you know, airplanes have the ability to fly on three engines instead of four those. These are thoughtful things about how if you have a complicated machine, how it can survive a problem. Networks were not built that way. The concept of resilience or impairment and surviving is just not there.

An example of that was last July, the New York Stock Exchange, United Airlines and the Wall Street Journal, all three of those networks were down for two hours at the same time. Was it cyber? Was it an attack? Was it a Twitter feeds all thought we were having a Pearl Harbor moment? It was not. These were simple mistakes that people made by uploading some images on Cisco firewall on Cisco routers that were not quite right, and they brought those networks down. These were cyber events by normal people doing their job that brought down these companies. Can you imagine if you brought down the banking system by uploading the wrong router image, that’s a big deal and this whole resilience in particular digital resilience, measuring it, taking actions, when you find problems in that assessment, is what we’re all about and other companies, I think there’s going to be a real emergence of that concept. It’s already in the C-suite. How do you know this stuff? How do you measure this stuff? That’s what we do and I’ve put all my attention and I’ve hired a team that thinks this way.

Previous

Grace Chi: "There's still a lot of ambiguity"

Next

Cyber-hygiene: Managing the managers

Check Also

Widget

Don’t Miss

Cyber Deal Update: Upstream Security, Hunters, build.security

Khushi Arora

Upstream Security and Hunters complete Series C and Series A funding rounds, respectively. Elastic NV acquires build.security. Funding Upstream Security, an Israeli provider of automotive cybersecurity and a data analytics platform for connected vehicles, has closed a $62 million Series C funding round led by Mitsui Sumitomo Insurance, along with new investors I.D.I. Insurance, NextGen […]

Cyber Deal Update: Loop Secure, Intelligent Automation, Blumira

Khushi Arora

Tesserent acquires Loop Secure to complement its own services, and BlueHalo merges with Intelligent Automation. Blumira completes a Series A funding round. Mergers and Acquisitions Tesserent, an Australian network security company, has announced its intent to acquire Loop Secure, a provider of managed security services, governance risk and compliance, and offensive security services also based […]

Cyber Deal Update: FHIRBlocks, InfoSum

Khushi Arora

Healthcare cybersecurity company ConsenSys Health acquires FHIRBlocks. InfoSum and Monte Carlo close a Series B and Series C funding round, respectively. Mergers and Acquisitions Otava, a Michigan-headquartered cloud solutions provider, has announced its acquisition of NewCloud Networks, a Colorado-based cloud computing services provider. The acquisition provides Otava a product portfolio that includes security services, cloud […]

Cyber Deal Update: Carve Systems, Baffle, Certik

Khushi Arora

iVision acquires Carve Systems, Baffle closes a Series B funding round, and CertiK closes adds to its Series B funding round announced last month. Mergers and Acquisitions iVision, a Georgia-based provider of IT infrastructure and application solutions, has acquired Carve Systems, a New York-based cybersecurity company that provides security testing, security engineering, and security strategy […]

Cyber Executive Moves: Aegon Asset Management, Tego Cyber

Khushi Arora

Aegon Asset Management hires former COO of MN and Tego Cyber gains a new CISO. Aegon Asset Management, based in The Netherlands, has appointed Nicole Grootveld-Sandig as its chief technology officer. Grootveld-Sandig joins Aegon from the Dutch specialist pensions management company MN NV. Tego Cyber, a Nevada-based developer of cyber threat intelligence solutions, has hired […]

Cyber Deal Update: Appriss Insights, Espagon

Khushi Arora

Equifast acquires data analytics company Appriss Insights, while Cisco acquires observability provider Espagon. Mergers and Acquisitions Equifax, an Atlanta-based global data, analytics and technology company, has announced its acquisition of Appriss Insights, a Kentucky-based information technology company providing customized solutions to enhance security and financial processes for businesses, for $1.825 billion. “We are extending the […]