19 Aug Palo Alto Networks CEO Says Hackers Can “Get In And Out” In Three Hours
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in TheStreet
Sausalito, Calif. – Aug. 19, 2024
A story in TheStreet notes that in roughly the time it takes to fly from New York to Miami, hackers can transfer a company’s most valuable data and do all kinds of damage.
“Bad actors can get in and out of companies’ infrastructure in about three hours now,” Nikesh Arora, chairman and CEO of Palo Alto Networks (PANW), said during Bank of America Securities’ 2024 Global Technology Conference on Jun. 4. “It used to be days, but now it’s down to three hours.”
“I can get in and out of a company, exfiltrate terabytes of data. You have to be able to find me in there and stop me from reading data in three hours,” he said. “You can’t do it.”
Cyberattacks come at a heavy price. Worldwide, cybercrime is predicted to cost the world $9.5 trillion this year, according to the research firm Cybersecurity Ventures, and reach $10,5 trillion in 2025.
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