In this episode, former CISOs-turned-founders Jerry Perullo, Mario Duarte, and Sounil Yu discuss the recent wave of cyber-attacks using Snowflake and the model of shared fate. They debate the effectiveness of banning ransom payments and explore the complexities of cybersecurity regulation, using recent events involving UnitedHealth and Jerry's former employer as case studies. The conversation also touches on the ethical dilemmas CISOs face when interacting with venture capital, highlighting personal experiences and the fine line between advisory roles and conflicts of interest.

Stories:

• UNC5537 Targets Snowflake Customer Instances for Data Theft and Extortion: https://cloud.google.com/blog/topics/threat-intelligence/unc5537-snowflake-data-theft-extortion
• SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion: https://www.sec.gov/news/press-release/2024-63
• Why cybercriminals are targeting small businesses: https://www.marketplace.org/2024/05/30/why-cybercriminals-are-targeting-small-businesses/
• UnitedHealth leaders 'should be held responsible' for installing inexperienced CISO, senator says: https://therecord.media/unitedhealth-ciso-wyden-letter-sec-ftc
• The Gili Ra’anan model: Questions emerging from Cyberstarts' remarkable success: https://www.calcalistech.com/ctechnews/article/b1a1jn00hc

Hosts:

Jerry Perullo: https://www.linkedin.com/in/perullo/

Mario Duarte: https://www.linkedin.com/in/mario-duarte-7855237/

Sounil Yu: https://www.linkedin.com/in/sounil/