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Malicious Life

Yahoo's Ugly Death, Part 1

Malicious Life

Malicious Life

Technology

4.81K Ratings

🗓️ 11 September 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

Yahoo's Ugly Death, Part 1



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Transcript

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0:00.0

Hi and welcome to malicious life in collaboration with Cyberism. I'm Ren Levy. ran leaving. If I were to ask you what makes an organization good at cyber security?

0:22.0

What would you say? The most obvious answer is people.

0:27.2

If you get talented security people in a room together, you have a pretty good shot at success.

0:34.0

There's also that stuff you put around those people.

0:38.0

Money, for example, and the fancy tools and gadgets we all like to play with.

0:43.0

That stuff isn't worth much on its own,

0:46.0

but in the right hands

0:48.0

it can be a great boost to any cyber sec operation.

1:00.0

But there's another factor too, management. IT security reports to executives who have the power to grant or deny funding.

1:07.0

Team leaders who don't set their foot soldiers in the right direction and inspire good work in them tend to leave security vulnerabilities

1:16.6

in their wake.

1:18.2

You could argue that these business people, even if they never touch a keyboard, are nearly as important to an enterprise security

1:27.0

operation as the actual cybersecurity professionals. It's why on November 8th 2017 when the Senate Commerce Committee organized a hearing on corporate data breaches,

1:44.8

they brought in a panel of CEOs, like Richard Smith.

1:50.0

Even before being called to testify, Richard was having a bad 2017.

1:57.0

His company, Equifax, had experienced arguably the most severe breach of personal data in history.

2:05.0

When the public found out he was fired.

2:08.0

Then he was ping-ponged through Washington, D.C.

2:11.5

sitting before tribunals of senators and congresspeople who used him as a punching bag.

2:18.2

No more was this the case than when Elizabeth Warren on the Senate Banking Committee

2:24.0

systematically broke down how Equifax was actually profiting off its heck

2:30.0

by selling fraud protection to the very customers whose data it exposed in the first place.

...

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