Episode 69: The Cybersecurity Paradox

Listen

On this show, we have talked quite a bit about the red hot cybersecurity industry. Companies can’t fill open positions fast enough.


Globally, cybersecurity spending exceeds $200 billion.


But there’s a small problem. You might call it a cybersecurity paradox.


Despite companies spending more than ever on cybersecurity, companies are also losing data more than ever.


In this episode of Privacy Files, we talk to Richard Hollis, a 35-year veteran of the cybersecurity industry.


Richard works at Risk Crew, a London-based cyber risk management consulting firm that strengthens companies’ cybersecurity defenses through ethical hacking and information security awareness programs.


Overall, Richard believes the cybersecurity industry has failed to accomplish its mission, citing how companies around the world are collectively losing on average 20 million personal records ever single day.


Over the last five years globally, companies have lost the records of more than 17 billion people.


These are staggering numbers.


We talk about some of the reasons the cybersecurity industry is failing, including looking at the largest incentive not to protect personal data: the desire to make money from it.


Richard brings a very refreshing perspective to the cybersecurity discussion, believing that companies should start viewing this from an individual privacy perspective.


To learn more about Richard Hollis:
https://www.linkedin.com/in/riskexpertrichardhollis/


To learn more about Risk Crew:
https://www.riskcrew.com/


Links Referenced:
https://www.cybersecuritydive.com/news/cybersecurity-spending-increase-idc/645338/

Related Episodes

Episode 72: Reusable Digital Identity

Episode 72: Reusable Digital Identity

In the United States, fraud and identity theft together result in tens of billions of dollars in losses annually. Contributing to this growing problem is the continued use of usernames and passwords stored in giant, centralized databases owned by large companies....

Episode 71: The Practice of Privacy Law

Episode 71: The Practice of Privacy Law

When it comes to data privacy, the legal and regulatory environment is changing faster than ever. While in the United States, no federal privacy law exists, there's a growing sentiment from those who are watching closely that things are about to change. In this...