“Wayne Sadin on Digital Strategy” episodes explore the fast-changing and high-stakes world of digital business. We focus in particular on what CEOs and boards must do to lead their companies successfully into the Digital Age. Today, we talk frankly about the recent Capital One data breach, whether AWS bears any responsibility for it, and how companies of all sizes should be thinking about security and the cloud.
In this episode: the Capital One data breach. Amid all the media buzz is a key question: was the breach Amazon and AWS’ fault, or was it Capital One’s fault? Wayne digs down to say that Capital One shoulders the blame – but also that they noticed the discrepancies and did their best to fix it quickly. As Wayne puts it, “hackers never sleep.” Since cyber-criminals will always be upgrading their technology and sharpening their tools, business leaders need to be diligent.
Zooming out a bit, Wayne and I discuss how companies should react to this high-profile breach. Wayne says that, with a few exceptions, no company should spend enormous sums on cybersecurity when they can buy preconfigured solutions for most of the standard problems they’re facing. Finally, Wayne gets real about the evolving nature of cyber-crime. For example, if hackers turned up everybody’s thermostat to 100 degrees during the middle of a heat wave, how many pets and how many people could they kill?
You can also stream the audio-only version of this episode:
It behooves all of us at the board level and C-suite level to understand the risk we're assuming by being part of the cyber world. #CloudWars Click To Tweet Nobody should be afraid of the cloud, any more than you're afraid of the data center you built. #CloudWars Click To Tweet I think boards are starting to need—and some are well past needing—a qualified technology expert. #CloudWars Click To Tweet
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Cloud Wars Live Digital All-Stars
Wayne Sadin is one of our regular Digital All-Stars. The All-Stars are experts whose video podcasts will focus on the critical themes shaping (and re-shaping!) the business world here in the digital age of 2019. Our intention is to provide regular chunks of timely ideas and insights about high-priority subjects from industry veterans with diverse backgrounds.