Razorwire Cyber Security
Razorwire Cyber Security
Razorthorn Security
Welcome to the Razorwire podcast where we share information, best practices and up to date news in cyber security. Our mission is to help you become a better cyber security professional and support our vision of creating an agile community of cyber professionals who are stronger than ever before. This show is first and foremost about sharing knowledge and benefiting from collaboration. We bring you the advice and wisdom of both your host, James Rees, and his guests to build on the strength and depth of your own knowledge and experience. Your host James Rees is an information security veteran with over 25 years of industry experience and is the founder of Razorthorn Security, delivering expert security consultancy and testing services on a day to day basis to some of the largest and most influential organisations in the world, including many in the Fortune 500. The Razorwire podcast is for cyber security professionals looking for new ideas and the drive to improve their response to cyber security events. Through collaboration, we can strengthen our defences. For more information about us or if you have any questions you would like us to discuss on the podcast email [email protected] or head to www.razorthorn.com This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
Trends in Identity and Access Management with Simon Moffatt
Hello Razorwire listeners! It's your host Jim here, and in today's fascinating episode, we sit down with cybersecurity veteran Simon Moffatt. With two decades under his belt in the dynamic field of identity and access management, Simon unpacks the complexities of cyber protection in our modern age. From the evolution of technology to the murky waters of liability and insurance in cybersecurity, Simon's insights shed light on the challenges and trends we face. As the founder of The Cyber Hut, Simon taps into his experience with giants like Oracle and ForgeRock and his startup stints to guide organisations through the labyrinth of cybersecurity strategies. We talk about the seismic shifts in industry practices, highlighting the advent of cloud technologies and "as a service" models and the post pandemic rise of remote work. We explore the forefront of passwordless technology, the challenges of IoT security, and the critical nature of defence in depth strategies.You’ll hear about a significant legal battle that a sizable organisation won against its insurers, highlighting the larger uncertainties in cyber liability insurance. Find out about Simon's predictions for the industry's trajectory, combined with his first hand accounts of working in various sectors of the tech world, to provide a rare glimpse into the past, present and future of cybersecurity.Key Talking Points:1. The Transformation of Cyber Liability Insurance: Discover why a major organisation's legal victory signals a critical juncture for cyber liability coverage and what this means for businesses navigating today's risk landscape.2. Passwordless Futures and Biometric Booms: Tune in as Simon forecasts the rise of biometric authentication over the next few years, discussing how behaviour tracking could redefine threat detection and response.3. Cloud Confusion and Shared Responsibilities: Uncover the intricacies of cloud service models and how shifting boundaries have resulted in complex challenges for CISOs and CIOs in pinpointing control and ownership amidst a virtual landscape.Ready for a deep dive into cybersecurity's evolving realm with Simon Moffatt? Join us on Razorwire to unravel the enigma of cyber protection in our interconnected world.“Cyber's a top priority, maybe even more so than it was 3 or 4 years ago. By that, I mean people are quite familiar with protecting their own identities, or PII protection. People are aware of hackers, you know, the bad guys, nation state threats."Simon MoffattListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:Concerns and challenges surrounding data protection liabilityThe problems of uncertainty due to the constantly changing landscape of cyber liability insuranceIncomplete picture of cybersecurity with third party intelligence companiesThe limitations of third party intelligence companies in the cybersecurity space Trends in identity and access management Introduction to The Cyber Hut, a business focused on tracking cyber trends and aiding organisations in navigating the cybersecurity landscapeThe shift towards cloud technology, remote work and changes in software deliveryThe blurred lines of responsibility in cloud services are explored, raising questions about data ownership and controlThe need for agility, modularity and preparedness in systems following the pandemicGUEST BIOSimon MoffattSimon is a recognised expert in the fields of digital identity, access and information security who assists organisations in the...
Feb 21, 2024
45 min
Adapting to Legislative Demands: Insights on Cyber Security Compliance in Critical Infrastructure
Welcome to Razorwire, the podcast dedicated to exploring the complex and evolving world of cyber security legislation. I'm your host, Jim, and in today's episode, we delve into the intricate landscape of cyber security legislation with our guests Steve Applegate and Phil Tonkin from Dragos.In this episode, our guests shed light on the challenges and intricacies of navigating the cyber security legislature, focusing on the impact on critical infrastructure and the evolving landscape of compliance. From managing connectivity safely to the complexities of integrating IT and OT in modern manufacturing, we explore the key factors influencing cyber security legislation and its practical implications.Key Talking Points:1. The importance of managing connectivity safely and ensuring proper segmentation and visibility in the Niz legislation.2. Challenges faced by organisations, such as Sellafield, in implementing controls and recognising legacy challenges in OT environments.3. The impact of conflicting regulations on consumers and the need for practical compliance requirements in cyber security legislation.“We can't let FUD be the guide, right? If every time we hear a thing, we start panicking and we deviate from our processes and start making a whole bunch of new mandates, even internally, all the people within a company that have to track that and follow it and meet with people, and it's a distraction, I think, from real security."Steve Applegate - DragosListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:Managing Connectivity Safely: Emphasising the need to ensure proper segmentation and visibility in cyber security legislation.Challenges Faced by Organisations: Discussing the difficulties in implementing controls, recognising legacy challenges, and the importance of proportional controls.Conflicting Regulations and Consumer Impact: Raising concerns about conflicting regulations and the impact on consumers due to compliance costs.Information Exchange Hesitance: Discussing the hesitance of information exchange for cyber security purposes and its impact on managing threats.Reporting Dilemma: Describing the challenge of eradicating cyber events and the dilemma of reporting to the public versus mitigating further attacks.Third-Party Oversight Frustrations: Addressing the frustration with third-party involvement in security oversight and assessment processes.Transparency in Security Relationships: Advocating for transparent and trust-based relationships with third parties, emphasising actionable intelligence, and fostering transparency.Evolving Skill Set of Security Professionals: Describing the evolving skill set of security professionals, particularly the increasing specialisation and separation from GRC.Legislative Impact on OT Environments: Expressing concerns about the impact of legislation and compliance on operational technology environments and the difficulty of implementing changes in systems with old technology.Challenges of Sudden Legislative Changes: Discussing the challenges of sudden legislative changes, public outcry influencing legislation, and the need for realistic expectations of change in a legacy industry.Resources Mentioned- Dragos- Sellafield<a...
Feb 7, 2024
55 min
Cybersecurity in 2024: Expert Predictions You Need to Know
Welcome to Razorwire, the podcast for all things cybersecurity and information security. I'm your host, Jim, and today we have a thought-provoking discussion with industry experts Iain Pye and Chris Dawson about emerging cybersecurity threats and trends to watch out for in 2024.In this episode, we dive into three key talking points that are essential for cybersecurity professionals to listen in on:The accelerating risk of ransomware and data breaches, including the increasing need for continuous security testing and the challenges of balancing security tool costs with limited budgets and the speed required to adapt.The use, impact and potential threats of artificial intelligence on major global events including the elections coming up in 2024, in the context of societal and political manipulation, as well as the rising risks of identity theft, sophisticated disinformation and deep fake technology.The importance of operational resilience plans, the challenges of compliance and auditing processes, and the need for improved cybersecurity standards and training.Tune in to gain insights from leading experts in the field on how organisations can prepare for the cybersecurity challenges of 2024.&nbsp;"What's your operational resiliency plan? How is your organisation going to have to learn the hard truths? Take a really hard look at what you're doing and go: if that falls over or it gets breached, can we keep running our business?"Iain PyeListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:- Technology vs. training: security advancements outpacing public knowledge- Complex compliance: regulation challenges for smaller organisations- Cybersecurity testing shift: from annual to continuous- Offensive and defensive AI use anticipated to increase in 2024- Reviewing technical security solutions and policies- Budget struggles: balancing security tools and costs- Call for government prioritisation in security training- Importance of basic security measures- Mistrust in mainstream media and information sources- Artificial intelligence: potential risks and benefitsResources MentionedGDPRSECAICyber EssentialsCSFIOther episodes you'll enjoyThe Use Of AI In Cybersecurity – Consultants Roundtablehttps://www.razorthorn.com/the-use-of-ai-in-cybersecurity-consultants-roundtable/Lessons from an InfoSec Icon: A Fireside Chat with PCI Guru Jeff Hall<a href="https://www.razorthorn.com/lessons-from-an-infosec-icon-a-fireside-chat-with-pci-guru-jeff-hall/" rel="noopener noreferrer" target="_blank"...
Jan 24, 2024
58 min
Beyond Buzzwords: The Truth About AI
Hey there, Razorwire listener! In this episode, we welcome back cybersecurity experts Richard Cassidy and Oliver Rochford to follow up on our AI podcast back in November. Join us for spirited debates on the current state of AI capabilities, their imminent impacts on society and business, and thought-provoking speculation on the future of AI and its existential promise and perils.We tackle AI topics ranging from innovations like large language models to the role of quantum computing, governance challenges and regulatory responses, workforce disruptions, and the potential for artificial general intelligence. You'll come away with an insider's perspective on AI progress and get beyond the hype to understand real-world limitations and applications.From actionable business advice to philosophical discussions on the human condition, the Razorwire podcast offers incredible insights from industry veterans Oliver and Richard. Learn about investments, cybersecurity issues, ethical considerations, the AI "arms race," and transhumanist ideals spanning neural implants to robot bodies.Whether you're making strategic decisions in your company, tracking public policy issues, or just want to sound informed on emerging tech, the Razorwire podcast delivers the context and perspectives needed to evaluate AI's present impact and future potential with wisdom. Tune in for enlightening analysis you won't get from sensationalised media reports. Every episode offers rare clarity to think smarter about technological forces shaping society."I don’t believe we know humanity is not ready for AGI. We haven’t evolved in the way that we think, and as I said, our colloquial, war-minded economics today to actually even have AGI benefit the planet." Richard CassidyListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:AI Development Accessibility: The current challenges of the development of AI technology.The future of artificial general intelligence (AGI): The conversation delves into the future of AGI and its potential impact on society.Ethical and Existential Concerns: AI's potential implications for society, humanity, and the labour force raise ethical and existential concerns.Business Responsibility: Business leaders are responsible for managing AI technology and should view it as augmenting the workforce.AI for Global Solutions: AI technology has the potential to address serious global problems if used responsibly.Advancements in Human Health: Some advocate for the use of AI to develop new technologies to improve human health and capabilities.Lack of Global Legislation for AI: Concerns are raised about the lack of global legislation for AI and its potential implications for businesses.AI in Military and Autonomous Robots: We discuss the potential implications and ethical concerns of AI technology for building autonomous robots and weapons.AI Regulation and Consequences: We explore the fear of and potential consequences of regulating AI technology.Resources MentionedMoore's LawNeuralinkFermi's Paradox<a href="https://chat.openai.com/" rel="noopener noreferrer" target="_blank"...
Jan 10, 2024
1 hr 6 min
Unleashing the Hidden World of Cybercriminals: The Growing Threat of Cybercrime-as-a-Service
Welcome to Razorwire, the podcast where we cut through the tangled web of cybersecurity to bring you the latest insights and expert analysis. Victor Acin and Oliver Rochford, two esteemed guests, are with me in today's episode.In this episode, we’re exploring the dangerous world of cybercrime as a service and its implications for individuals, organisations, and even nation-states.Join us this week as we unveil the dark side of cybercrime. Victor, the Head of Threat Intelligence at Outpost 24, shares his expertise on the rise of cybercrime as a service. Discover how cybercriminals have adapted their tactics, the motivations driving their actions, and the alarming ease with which they operate.Stay ahead of the game with insider knowledge from Oliver's research, where he discusses the striking similarities between cybercrime services and legitimate tech services. Learn about the techniques used by cybercriminals to infiltrate organisations and exploit their vulnerabilities.&nbsp;Whether you're a seasoned professional or just starting your cybersecurity journey, this episode offers some excellent, practical advice for strengthening your defences. We share some effective ways to protect against credential theft, insider threats, and targeted attacks. Hear about tried and trusted remedies recommended by our experts that can make a significant impact on securing your organisation.So, if you're a cybersecurity professional looking to expand your knowledge and sharpen your skills, join us on Razorwire as we unravel the intricate world of cybercrime as a service.Listen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following:The evolution of cybercrime into an as-a-service model, where specialised services and infrastructure are available to carry out different elements of cyberattacksThe low barriers to entry for new cybercriminals of this business-like modelThe recent rise in credential theft through the use of simple malware toolkits, which allow even unskilled cybercriminals to distribute malware and steal credentials at scaleEstablished cybercrime groups that offer ransomware and even entire cyberattack infrastructure in an as-a-service model. This comes complete with support services for affiliates conducting attacksThe flexibility offered to cybercriminals from a modular services model, which offers mix-and-match attack components from different providers specialising in access, malware, ransomware, money laundering, etc.&nbsp;How cybercriminals choose or decide against their victimsHow the rise of untraceable cryptocurrencies has removed obstacles to monetising and laundering profits from cybercrime, fueling growthWhether or not having easy access to cybercrime services could facilitate corporate espionage and what examples we haveThe importance of threat intelligence—understanding the motives, tools and trends in cybercrime—is vital context for effectively securing against the evolving threat landscapeGUEST BIOSOliver RochfordOliver has worked in cyber security as a penetration tester, consultant, researcher, and industry analyst for over 20 years. Interviewed, cited, and quoted by media, think tanks, and academia, he has written for SecurityWeek, CSO Online and Dark Reading. While working at Gartner, he co-named the Security Orchestration, Automation and...
Dec 20, 2023
47 min
SolarWinds’ CISO Under SEC Scrutiny: The Impact On The Infosec Community
Welcome to Razorwire, the podcast where we cut through the noise to bring you incisive discussions on all things cybersecurity. I'm your host, Jim, and in today's episode, we delve into the SEC charges against SolarWinds CISO, a case that has sent shockwaves through the infosec community.In this episode, our guests Iain Pye and Chris Dawson discuss the hype surrounding the trial, its impact on the infosec community, and the potential consequences for all Chief Information Security Officers (CISOs).&nbsp;We also explore the uncertainties surrounding the CISO's responsibilities and actions within the organisation regarding addressing security vulnerabilities, as well as the potential implications of the SEC ruling on CISOs' risk aversion and self-interest.Lastly, we talk about the dynamics of security compliance certifications and the potential manipulation involved in obtaining them.If you're a cybersecurity professional, join us as we dissect the complexities of CISO responsibilities, the SEC's pursuit of individuals over organisations, and the implications of legal actions on the infosec landscape.&nbsp;Tune in for an insightful discussion that will challenge your perspectives and keep you on the cutting-edge of cybersecurity issues."Companies are now telling victimised organisations not to produce an incident response report or similar or any type of report. Any such report should be delivered verbally or kept off any electronic or paper documents as much as possible as they could be subpoenaed in future lawsuits and may reveal that the company to be at fault."Iain PyeListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we cover the following topics:- The aftermath of the SEC charges against SolarWinds CISO and the debate surrounding the implications for the infosec community- The challenges and potential issues surrounding auditors' understanding of risk management and cybersecurity processes- Discussion of internal messaging about cybersecurity vulnerabilities within SolarWinds and potential misrepresentation of cybersecurity practices- The impact of underfunding on information security departments and the challenges faced in training and securing environments- The potential for individuals to whistleblow on security vulnerabilities and the SEC's regulatory role to hold organisations accountable- The debate on the extent of the CISO's authority within the organisation and the support required from the board in addressing security vulnerabilities- The potential impact of the SEC ruling on CISO decision making and the resulting risk averse behaviour- The potential impact of pressure from insurance companies and the SEC's focus on shareholder rights and company ethics- Suspicions of misrepresentation and potential manipulation in obtaining security compliance certifications and ISO audits- The role of CEOs and senior management priorities in influencing cybersecurity practises and certificationsResources Mentioned- SolarWinds- SEC (U.S. Securities and Exchange Commission)- ISO 27,001<a href="https://www.comptia.org/blog/what-are-the-best-cybersecurity-certifications" rel="noopener noreferrer" target="_blank"...
Dec 6, 2023
1 hr 7 min
Decoding Generative AI: Myths, Realities and Cybersecurity Insights
In the latest episode of the Razorwire podcast, I am delighted to welcome back our esteemed cybersecurity professionals, Oliver Rochford and Richard Cassidy. Today, we delve into the fascinating realm of generative AI and its applications in the cybersecurity landscape.We kick the episode off with an overview of generative AI. We discuss how it works and its training on extensive datasets to infer statistical relationships between words and concepts. While major cybersecurity vendors such as Google, CrowdStrike, SentinelOne, and Microsoft have announced integrations with generative AI, Oliver issues a cautionary note, highlighting that its capabilities are often subject to overhype.We discuss the accuracy of generative AI's representation in the business community. Listen in to hear our consensus: Is it possible for generative AI to live up to the advanced AI depicted in science fiction?Delving into practical cybersecurity use cases and exploring risks associated with explainability, trustworthiness of outputs, and potential regulatory implicationsThe aim of this episode is to give you valuable advice for venturing into the realm of generative AI. Tune in to the Razorwire podcast for an in-depth exploration of this evolving technology.Andrés Horowitz has said that 80% of all of the investment in the generative AI startup goes on compute costs. They worked out that one training run on GPT, I think, 3.5 costs somewhere between half a million to $3,800,000. Is it even affordable?"&nbsp;Oliver RochfordListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:- Big Tech's control over the conversation and concerns about AI- Inconsistencies in the guidelines and censorship policies of platforms like Spotify, Apple, and YouTube limit what can be discussed and criticised.- The limitations and potential dangers of Artificial Generative Intelligence&nbsp;- The different opinions and viewpoints surrounding NFT technology and its impact and significance- Importance of not overhyping NFTs and allowing for experimentation and exploration of new use cases- Limitations of Gen AI tools, particularly in terms of explainability, interpretability, and trustworthiness of data- Advising caution when utilising AI tools for security purposes and the importance of trust and verification- How AI tools can help with paralysis and confusion in data analysis- Examining the high valuation of OpenAI and people's unrealistic expectations of AI due to Hollywood portrayals- Exploring the potential of AI-powered language models like Chat GPT, their integration into various products, and the need to avoid false informationGUEST BIOSOliver RochfordOliver has worked in cyber security as a penetration tester, consultant, researcher, and industry analyst for over 20 years. Interviewed, cited, and quoted by media, think tanks, and academia, he has written for SecurityWeek, CSO Online and Dark Reading. While working at Gartner, he co-named the Security Orchestration, Automation and Response (SOAR) market, worked on the SIEM Magic Quadrant, and also covered the European MSSP Market. In past lives, Oliver worked for Qualys, Verizon, Gartner,  Tenable and Securonix and is currently Chief Furitist at Tenzir, where he works on product strategy and marketing.&nbsp;&nbsp;Richard CassidyRichard Cassidy has been consulting to businesses on cyber security strategies and programs for more than two decades, working across...
Nov 22, 2023
50 min
Lessons from an InfoSec Icon: A Fireside Chat with PCI Guru Jeff Hall
Hello and welcome to Razorwire, the podcast where we delve into the world of cybersecurity with top experts and industry leaders. I'm your host, James Rees, and I can't wait to share this episode with you. As a PCI DSS QSA, I’m delighted to have PCI expert Jeff Hall as my guest today.This episode will give you a unique perspective on how security has evolved from early mainframe days to today's interconnected, risk-focused practises. Jeff tells us about his hard-won lessons and wisdom gathered over decades steering information security programmes, including the need for compliance to work alongside overall security and not hinder it, and why auditors should be viewed as allies, not adversaries.We give you some unique insights on the upcoming PCI DSS v4, the changes we can expect, and what we should be prepared for. We also talk about the issues that shortened CISO tenures create and how this can hinder long-term security progress. Learn why it’s important to focus on the big picture when it comes to security goals rather than getting distracted by minutiae.We cover a wide range of subjects throughout this episode, with some really useful takeaways. One of the key points, and I really must agree, is the importance of matching security priorities to business risk, not compliance checklists. Jeff gives us his advice on focusing on the appropriate controls for what you aim to protect.&nbsp;For CISOs, security leaders, and practitioners at all levels, you’ll gain insight into building effective programmes that deliver real protection. Tune in to level up your approach with advice from this industry luminary and compliance guru.So, if you're ready to up your cybersecurity game, join us on Razorwire. Stay informed, connected, and inspired. Together, we can build a safer digital world. Let's get started!Listen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:- The importance of cybersecurity in e-commerce- Identifying the main problems of managing website vulnerabilities- Discussing the need for implementing specific tools to comply with regulations- Exploring concerns about customer data security, effectively monitoring alerts and meeting requirements- How the increasing costs and complexity of audits could lead to organisations rejecting compliance requirements- How to streamline security programmes and focus on essentials- The challenges of security and deployment in cloud environments- How to prioritise the overall security programme and how not to get lost in minor details or problems- The lack of leadership in the information security industry and the short tenure of CISOs- The shortage of qualified infosec professionals and why we should be supporting mentorship and apprenticeshipGUEST BIOSJeff HallJeff Hall is a principal security consultant at Truvantis, Inc.&nbsp; Jeff has over 30 years of technology and compliance project experience.&nbsp; Jeff has done a significant amount of work in financial institutions, health care, manufacturing, and distribution industries, including security assessments, strategic technology planning, and application implementation.&nbsp; Jeff is part of the PCI Dream Team, a co-author of ‘The Definitive Guide to PCI DSS Version 4: Documentation, Compliance, and Management’ and the writer of the PCI Guru blog (http://pciguru.blog).Resources MentionedRazorthorn’s...
Nov 8, 2023
50 min
The Use Of AI In Cybersecurity - Consultants Roundtable
Hello, and welcome to Razorwire. This week, I've had a great time discussing the fascinating topic of artificial intelligence (AI) and its potential impact on our industry, with my esteemed Razorthorn consultants, Tom, Jamie and Michael. We explore the different types of AI, including machine learning and chatbots, and discuss the challenges of achieving a low false positive rate and high general application.You'll gain valuable insights into the evolution of AI and why we MUST take seriously the very real potential for malicious actors to use it for nefarious purposes. We'll also be highlighting the significance of incorporating security measures into AI development and the need for responsible implementation.By the end of this episode, you'll have a comprehensive overview of AI and its potential risks and benefits in the future of cybersecurity. So join me as we explore this exciting and important topic, and take away key insights that will help you stay ahead in the ever-changing world of cybersecurity."The reality of it is AI is a set of predefined algorithms for a compute standard to take in data, process that data, and then come out with a prediction, and that is impacted number one by the data that's being put into it but also the algorithms and controls that are set by the human factor programming that in."Tom MillsListen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listenIn this episode, we covered the following topics:Overview of AI in Information SecurityMichael gives us an overview of different types of AI, including machine learning and chatbots, and how they are implemented in information security.Difference between True AI and Current State of AIWe talk about difference between true AI and machine learning.Challenges of Achieving Low False Positive Rate and High General Application and how to improve accuracy.AI ImplementationThe consultants discuss ways of reducing risk and false positives in data discovery and leakage solutions.Evolution of AIThe evolution of technology and the reality of whether AI will really replace jobs.AI and Malicious ActorsThe consultants discuss how AI has increased the pool of unsophisticated threat actors who can use AI engines to conduct successful attacks.Behavioural Analysis ToolsDiscussion on the use of behavioural analysis tools in detecting breaches and how they work.Chat GPT and its LimitationsDiscussion on the limitations of chat GPT and the potential for it to be used maliciously, as well as the potential for AI to develop biases based on the data it is trained on.Quality Data for AIThe importance of quality data for AI and the process of stripping out unnecessary information to train AI models.Ethics and Limitations of AIThe limitations of AI and the ethical considerations surrounding the data sets used to train AI models.Regulatory Compliance Standards for AIThe lack of regulatory compliance standards for controlling AI and the potential consequences of malicious actors using AI for cyber attacksThe need for a kill switchThe importance of having a kill switch in AI to prevent it from going rogue and causing harm.The possibility of true AIThe consultants talk about the possibility of achieving true AI, which is self-aware and can disable a kill...
Oct 25, 2023
52 min
Cyber Insurance - Does it Create More Problems than it Solves?
Welcome to Razorwire, where we and our expert guests tackle the issues and opportunities in the world of cybersecurity. In this episode, we explore the challenges and issues faced by the cyber liability insurance industry.&nbsp;&nbsp;This podcast looks into the complex challenges surrounding cyber insurance, an increasingly crucial topic for security leaders and organisations. Join your host James Rees and cybersecurity specialists Chris and Iain, as they engage in an enlightening discussion about the problems with cyber insurance.&nbsp;&nbsp;Learn why the dynamic nature of cyber risk has left insurers playing catchup, leading to unfavourable policy terms, skyrocketing premiums and growing frustration for customers. Gain insights into the systemic impacts of ransomware attacks on insurers along with the immense stresses faced by CISOs navigating insurance responsibilities. Discover innovative ideas like continuous security ratings and improved regulations that could transform the broken cyber insurance model.&nbsp;&nbsp;Whether you're a business leader, security professional or just interested in staying informed, this podcast delivers an array of useful take aways to understand the cyber insurance quagmire. Expect an insightful and engaging discussion on this mission-critical topic. Tune in now to stay ahead of the game in the ever-evolving world of cybersecurity.&nbsp;And that’s why you’re better off insuring yourself!&nbsp;&nbsp;Iain Pye&nbsp;&nbsp;Listen to this episode on your favourite podcasting platform: https://razorwire.captivate.fm/listen&nbsp;&nbsp;In this episode, we covered the following topics:&nbsp;&nbsp;The challenges insurance companies face in properly assessing and pricing cyber risk due to its constantly evolving nature.&nbsp;How restrictive policy terms around "acts of war" have made it difficult for companies to receive payouts after attacks.&nbsp;The lack of cybersecurity expertise and rigorous due diligence conducted by many insurance firms before issuing policies.&nbsp;The skyrocketing cost of cyber insurance premiums and difficulty obtaining comprehensive coverage.&nbsp;The problem of companies being unable to get insured after a breach has already occurred.&nbsp;How the increase in ransomware attacks creates systemic risk for insurers paying out multiple policies.&nbsp;The stress and burnout faced by CISOs and cybersecurity leaders related to insurance coverage responsibilities.&nbsp;The importance of cyber defence planning beyond just having an insurance policy.&nbsp;How continuous security assessment models could help provide better assurance to underwriters.&nbsp;The need for improved security regulations and standards for the insurance industry to base policies on.&nbsp;The benefits of self-insuring cyber risks versus relying solely on external insurance.&nbsp;&nbsp;&nbsp;GUEST BIOS&nbsp;&nbsp;Iain Pye&nbsp;Iain is a Cybersecurity, Data Protection and Risk Specialist with over 20 years of experience in the public and private sectors. Iain has worked in a range of industries from finance, legal, security and government. When Iain is not fighting fires or arguing personal data ethics, Iain likes exploring the world with his family and occasionally going for a run through the Fens with the dog. If the dog is up for it, which she is usually not.&nbsp;&nbsp;Chris Dawson&nbsp;Chris Dawson is a former Royal Marine of 11 years. He moved into the private security sector in
Oct 11, 2023
55 min
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