McAfee CEO on How to Avoid Getting Hacked: Always Act As If You Are
Cybersecurity has been front and center this year, from the WannaCry ransomware attack to Uber admitting it paid off hackers to hide a data breach.
And security software giant McAfee says that these hacks show “how creative and innovative” attackers are, so companies have to stay on the lookout.
“Any organization has to assume that [it's] never doing enough,” Chris Young, CEO at McAfee told Cheddar. “You have to constantly be vigilant.”
After the spate of recent scandals, companies are taking measures to ensure that data isn’t compromised. A recent PwC survey found that 34 percent of corporate executives have implemented new data collection, retention, and destruction policies. An equal portion say they assess devices, system interconnectivity, and vulnerability across the business ecosystem.
Young, though, predicts that hackers will be bolder next year, targeting things like children’s toys and internet of things (IoT) devices. He even thinks added that cyber criminals will go offline, using IoT devices to their advantage to rob organizations in person.
He sees, for example, “using a camera not necessarily for security, but...to figure out: ‘Hey, how do I go and steal something from an organization.’”
The crossover from cyber physical attacks, Young says, in fact is already happening.
For full interview [click here] (https://cheddar.com/videos/biggest-cyberattacks-of-the-year).
On this episode of Cheddar Innovates: Yat Labs Co-Founder breaks down how a 'Yat' is changing the way people think about their online identities; Scythe Robotics CEO explains how it's bringing innovation to the landscaping industry with its autonomous, all-electric mowers; Founder of California Cowboy discusses how its creating clothing designed for creating in-person connections with others with features like a beverage pocket, bottle opener, and conversation cards; Cheddar gets a look at Curiosity Stream's 'Beyond the Spotlight' biography series.
Jack Morrison, CEO and co-founder Scythe Robotics, joins 'Cheddar Innovates' to discuss how it's bringing innovation to the landscaping industry with its autonomous, all-electric lawn mowers, and how this is addressing the labor crisis in the landscaping industry.
Naveen Jain, Co-Founder of Yat Labs, joins 'Cheddar Innovates' to discuss how a 'Yat' is changing the way people think about their online identities, and why artists like Questlove and G-Eazy are backing this idea.
Mike Proulx, VP and research director at Forrester, joined Cheddar to talk all about Disney's lackluster Q3 earnings after the company reported a slowdown in Disney+ subscriber growth. Proulx discussed a Forrester study that found 45 percent of U.S. adults subscribed to streaming services because of the pandemic but 26 percent had plans to cancel a service over the next two years. "We're always going to look at growth, and we also have to look at engagement," he said. "But both of those metrics come down to having either original or exclusive content that will offer value to the subscriber base."
Anthony Sassine, a senior investment strategist at KraneShares, joined Cheddar to discuss Rivian's historic public debut after the company achieved an $86 billion valuation — more than either Ford or GM. He said the big IPO was a great opportunity for the U.S. to position itself as a leader in the EV space after lagging behind Europe and China. "When you have certainty for growth for the next 10 to 15 years, investors are willing to pay more," he said. "So, this is a massive opportunity for the whole space."
The Department of Justice has filed a lawsuit against Uber, alleging the ride-hailing company discriminates against customers with disabilities. The DOJ is arguing that its two-minute wait period before a cancellation fee is applied violates the Americans With Disabilities Act.
