Cybersecurity is a hot topic right now across industries, and rightfully so. What are the experts saying? Here are five relevant quotes to consider as you work to understand and navigate the modern cybersecurity landscape.
“Companies spend millions of dollars on firewalls, encryption, and secure access devices, and its money wasted, because none of these measures address the weakest link in the security chain.” – Kevin Mitnick
The infamous hacker, Kevin Mitnick, spent five years in prison for computer-related crimes. He now runs Mitnick Security to teach organizations how to defend themselves against hackers. Here, he admonishes that companies devote their dollars to technical cybersecurity solutions rather than addressing the human element.
“The only truly secure system is one that is powered off, cast in a block of concrete and sealed in a lead-lined room with armed guards.” – Gene Spafford
Purdue University’s Gene Spafford came to cybersecurity prominence in the late 1980s. He analyzed the Morris Worm, which was the first computer worm virus to infect the internet. Spafford’s observation reflects the reality that no network or information system is completely immune to data breaches.
Businesses can prepare by comparing cybersecurity quotes and enrolling in an insurance policy to protect themselves against massive financial liability. But there’s no 100 percent foolproof solution for stopping hackers.
“Passwords are like underwear: you don’t let people see it, you should change it very often, and you shouldn’t share it with strangers.” – Chris Pirillo
Chris Pirillo is a technology expert who writes on all aspects of internet etiquette and security. His analogy between passwords and underwear reflects how employees in organizations of all sizes treat password protection. Employees often default to the same simple passwords for multiple personal and corporate logins. However, they should be using complex, unique, and private passwords. Password vaults are an easy solution.
“Most people are starting to realize that there are only two different types of companies in the world: those that have been breached and know it and those that have been breached and don’t know it. Therefore, prevention is not sufficient and you’re going to have to invest in detection because you’re going to want to know what system has been breached as fast as humanly possible so that you can contain and remediate.” – Ted Schlein
Ted Schlein is a venture capitalist with Silicon Valley’s Kleiner Perkins Caufield & Byers. Like other cybersecurity experts, Schlein believes that data breaches are virtually inevitable in the current environment. His observation goes deeper to suggest that hackers are becoming more sophisticated about covering their tracks.
“The knock-on effect of a data breach can be devastating for a company. When customers start taking their business—and their money—elsewhere, that can be a real body blow.” – Christopher Graham
Graham is the Information Commissioner of the United Kingdom. Small and medium-sized businesses (SMBs) should pay close attention to his commentary. SMBs may be able to recover lost or damaged systems and cover third-party liabilities stemming from the data breach. But they’ll also have to deal with ruinous reputational damage.
“Cybercrime is the greatest threat to every company in the world.” – Ginni Rommety
Rommety is the CEO of IBM Corporation. Her remark applies to large corporations, like IBM, but encompasses every company regardless of size. SMBs in particular face this mounting threat to their existence every day.
These quotes reflect a common theme: The threat of data breach is omnipresent, and no company is completely immune. Companies that ignore the threat or fail to insure themselves against it are unlikely to survive long-term.