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.
Character design studio Superplastic recently raised $20 million in a Series A round. Paul Budnitz, founder and CEO of Superplastic, joined Cheddar News to discuss the financing and a new collaboration with Amazon to develop a new series.
A Republican-led House panel voted to advance a bill that would give President Joe Biden the power to ban TikTok. Chris Pierson, the founder and CEO of BlackCloak, joined Cheddar News to discuss how the process could affect other businesses.
The Biden administration on Thursday released a plan for improving the nation's cybersecurity by shifting the burden from individuals, small businesses, and local governments to federal agencies and major tech providers.
