31 Jan CISO Show: Defending Against Cybercrime
World’s top chief information security officers. Brought to you by KnowBe4
– Steve Morgan, Editor-in-Chief
Sausalito, Calif. – Jan. 31, 2023
The CISO Show is the no. 1 destination for thought leadership on what matters the most in cybersecurity. Chief information security officers from across the globe talk to Cybercrime Magazine about the magnitude of the cybercrime threat, ransomware and other major threats, the cybersecurity market and its solutions, the talent gap and what can be done about it, educating employees on cyber safety and other pressing concerns. Don’t miss an episode! Tune in at CISOShow.com.
Why Security Awareness Training?
KnowBe4 Guest: James McQuiggan, Security Awareness Advocate
Technology and cybersecurity journals, and vendors, routinely speculate on why organizations should prioritize security awareness training. Cybercrime Magazine took it a step further. We asked a group of large enterprise CISOs just how important they believe it is to train their organization’s employees on cyber safety, and why. In this episode of the CISO Show we hear back from security chiefs in financial services, petroleum, and healthcare. Their responses may explain why Cybersecurity Ventures predicts the global market for security awareness training will reach $10 billion (USD) by 2027.
Phishing Simulation
KnowBe4 Guest: James McQuiggan, Security Awareness Advocate
“Anybody that has an email in your organization has that proverbial key to the electronic front door — and the ability to open that door if they click on a link or a file attachment,” says James McQuiggan, Security Awareness Advocate at KnowBe4. Once the door is open, cybercriminals are free to walk through and inflict all sorts of damage. Training employees on cyber safety helps keep the door shut at all times. Phishing Simulation, according to many large enterprise CISOs, is an especially important aspect of a security awareness training program. In this episode of the CISO Show, we find out why.
Security Awareness Training Market
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
Cybersecurity Ventures predicts that the overall market for security awareness training products and services, which includes the fast-growing market for what Gartner has dubbed ‘security awareness computer-based training (SACBT)’ solutions, to be worth $10 billion annually by 2027. Cybersecurity training has evolved into bite-sized videos, episodic series, podcasts, or interventions that direct users to a quick training exercise immediately after they click on a malicious link that is blocked by back-end content scanners. Watch what the CISOs say about educating and protecting their employees.
The Human Element of Security
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
There are more than 3 billion people employed globally. KnowBe4 reports that human error is ranked as the top cybersecurity threat. In this episode of the “CISO Show,” a handful of the world’s top chief information security officers (CISOs) talk to Cybercrime Magazine about why training their employees to be cyber safe matters. If you’re a CISO, security leader, or security awareness training manager, then you’re sure to take away actionable information from our latest installment.
Ransomware: The Fastest Growing Type of Cybercrime
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
Ransomware will cost its victims more around $265 billion (USD) annually by 2031, Cybersecurity Ventures predicts, with a new attack (on a consumer or business) every 2 seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities. The dollar figure is based on 30 percent year-over-year growth in damage costs over the next 10 years. Ransomware is expected to attack a business, consumer, or device every 2 seconds by 2031, up from every 11 seconds in 2021. Watch the CISOs to learn more.
The Cybersecurity Talent Gap
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
There are 3.5 million unfilled jobs globally in 2023, enough to fill 50 NFL stadiums. That’s up from one million positions a decade ago. For the first time since Cybersecurity Ventures has been tracking the market, we anticipate the number of openings to level off. But over the next three years we expect the 3.5 million figure to hold steady. In this episode, some of the world’s top CISOs share their insights on the cybersecurity labor shortage, and how to get more young people, women, minorities, and crossovers from IT into our field.
The Cybersecurity Market
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
The imperative to protect increasingly digitized businesses, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending on cybersecurity products and services to $1.75 trillion cumulatively for the five-year period from 2021 to 2025, according to Cybersecurity Ventures. In 2004, the global cybersecurity market was worth just $3.5 billion, and now it’s one of the largest and fastest-growing sectors in the information economy. What do the CISOs have to say? Watch!
Global Cybercrime Damage Costs
KnowBe4 Guest: Anna Collard, SVP Content Strategist & Evangelist
Cybercrime is predicted to cost the world $8 trillion USD in 2023, according to Cybersecurity Ventures. If it were measured as a country, then cybercrime would be the world’s third-largest economy after the U.S. and China. Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. Watch what the CISOs have to say on this.
– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.
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Sponsored by KnowBe4
KnowBe4 is the provider of the world’s largest security awareness training and simulated phishing platform that helps you manage the ongoing problem of social engineering. We help you address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. Tens of thousands of organizations like yours rely on us to mobilize your end users as your last line of defense.
