Cybersecurity concerns were front and center at the World Economic Forum in Davos, Switzerland. Vik Phatak, CEO of NSS Labs joins Cheddar to discuss how world leaders are joining forces to combat security issues that plague everyone.
Experts say the cost of cybercrime to the global economy could reach $500 billion annually. Phatak says the biggest message out of Davos was that "enough is enough." World leaders want to crack down on security issues happening on social media and beyond. He says many were saying it's time for people to take accountability and be transparent with cybersecurity moving forward.
Plus, how can we prevent a digital dark age? Phatak says it's important for the leaders who are running cybersecurity solutions at large corporations to learn how to speak business. These employees need to know what risks to alert the board on and in language that means something to them. If the two teams can't understand each other then it will be hard to combat these security issues moving forward.
Blue check marks are coming to Instagram and Facebook. Meta CEO Mark Zuckerberg on Friday announced the expansion of a premium subscription service for $11.99 per month on the web and $14.99 on mobile. The service launched in Australia and New Zealand last month.
Cheddar News catches up with Payal Thakkar, EY Advanced Manufacturing and Mobility Cybersecurity Leader, at SXSW to break down how cyberattacks are evolving, what solutions are out there to battle these attacks, and give advice for staying ahead of cyberwarfare.
