Outdated systems, sloppy code, and years of quick fixes have created a growing issue of "technical debt" in businesses. This unseen threat poses security risks, slows innovation, and leaves companies running on inefficient systems. Technical debt costs the US an estimated $2.41 trillion annually, with a whopping $1.52 trillion needed just to address the backlog. As businesses prioritize new features over fixing deep-rooted problems, the issues keep piling up, creating deeper vulnerabilities in legacy systems.

Joining me today on Explain to Shane is Ken Silva, a renowned industry veteran with over 30 years of experience in tech, cybersecurity, and telecommunications businesses. He is well known for the work he has done as a chief technology officer and as a chief security officer for multiple tech companies.

Tune in as we explore the hidden price of technical debt.

As the world becomes increasingly interconnected economically, blockchain-based financial networks offer new solutions for facilitating seamless international trade, remittances, and humanitarian aid. What specific advantages do blockchain-based financial networks offer over traditional systems? As global economic interconnectivity increases, what role can blockchain technology play in developing a more robust and efficient infrastructure for cross-border payments?

Shane interviews Candace Kelly, Chief Legal Officer of the Stellar Development Foundation, on the latest episode of Explain to Shane. They discuss how blockchain-based payment networks like Stellar are poised to step in and facilitate cross-border transactions when traditional banking falters.

The proliferation of cyber threats has evolved into a crisis: Last year, there were 880 million cybercrime complaints resulting in over $12 billion in losses. Analysts suggest that cybercrime is now the third-largest economy globally after the United States and China. The most pressing challenges in today's cybersecurity landscape include staying ahead of sophisticated and constantly evolving threats. But what technological and cultural shifts are necessary for organizations to stay ahead of these growing dangers?

Stepping into the fray is Jason Hogg, an expert in the fight against cybercrime. Currently serving as the Executive-In-Residence at Great Hill Partners, Jason identifies and pursues investment opportunities in the financial technology, insurtech, cyber insurance, and software industries. For more than a decade, he was a senior lecturer and professor of innovation and technology at Cornell University.

Join us as we delve into the insights and strategies shaping the future of cybersecurity.