In this episode of Reimagining Cyber Rob and Stan look at the staggering costs and ongoing epidemic of data breaches and ransomware attacks. Did you know that the average cost of a mega breach involving 50 to 60 million records is a jaw-dropping $332 million? Ransomware, though less expensive, still costs businesses an average of $4.5 million per attack. It's clear that organizations must be better prepared to face these threats.

To shed light on effective strategies and insights Rob and Stan are joined by Shamoun Siddiqui, VP and Global CISO of the Upbound Group. He helps answer the burning question: Can businesses ever be truly breach-proof, even with unlimited funds? Shamoun emphasizes that while complete security is unattainable, companies can operate with risk management strategies, acknowledging limitations in funding, talent, and technology.

Shamoun shares real-world examples of vulnerabilities exploited during modernization efforts and stresses the importance of maintaining robust cybersecurity programs. He offers invaluable advice on building business justifications for cybersecurity investments, communicating effectively with boards of directors, and focusing on core security controls like multi-factor authentication and privileged access management.

He also delves into the critical role of external relationships with law enforcement and forensic companies during a breach, and how these interactions can impact the outcome. Shamoun highlights the importance of having a pre-established plan, managing internal and external communications, and the necessity of resilience and recovery strategies.

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Cyber posture –what is its role in today’s digital landscape? What are the essential components that make up a robust cyber posture? What practical advice is there for organizations looking to bolster their defenses against ever-evolving cyber threats?

In this episode, Rob and Stan delve into the complex landscape of cybersecurity posture management. They dissect posture management solutions in the market, highlighting the need to cut through marketing hype to focus on tangible outcomes. Emphasizing the importance of continuous monitoring, they explore the evolution of posture management from a static assessment to an ongoing process. Drawing on examples like cloud security posture management and data governance, they stress the need for comprehensive visibility across diverse environments. Rob and Stan discuss the challenges faced by organizations of varying sizes in achieving effective posture management, considering resource constraints and the role of automation. They also touch on the intersection between posture management and regulatory compliance, advocating for a risk-based approach over checkbox compliance. Throughout the discussion, they underscore the significance of people, processes, and technology in shaping an organization's cyber resilience. Looking ahead, they contemplate the potential role of AI-driven interfaces in facilitating efficient posture management and adaptation to evolving threats.

The Webinar recording Rob and Stan reference in the podcast is available on here

Follow or subscribe to the show on your preferred podcast platform.
Share the show with others in the cybersecurity world.
Get in touch via reimaginingcyber@gmail.com

Follow or subscribe to the show on your preferred podcast platform.
Share the show with others in the cybersecurity world.
Get in touch via reimaginingcyber@gmail.com