Transcript 0:00 Talk to me. Information, news and entertainment on demand. WUSradio.com. 0:11 [on hold music] Welcome to The Peggi Smedley Show, the voice of IoT in our connected world, with your host, Peggi Smedley. [on hold music] Hello, listeners, and welcome back to The Peggi Smedley Show. 0:27 We are waiting for our next guest, Deidre Diamond, who's the founder and CEO of CyberSN, to call in. 0:33 But in the meantime, while we're trying to get her online, I thought we'd talk about some of the things that are happening in, uh, cybersecurity right now. 0:41 And one of the things that I think is interesting is that we've been talking about how these nefarious characters out there have been way... 0:48 making their way into, uh, the challenge that we have in the Internet of things. And I think one of the things that I think is interesting right now is we talk about how secure are the Internet of things. 1:01 And I think if you look at what we've seen so far, we talk about how many things are we connecting to the internet these, these days. 1:11 And when we first tried to connect the Internet of things, one of the things that we never thought, were we supposed to be connecting all of these things to the internet? And I don't think that was the initial plan. 1:24 I don't think, as we've talked about it many times before, were all of these devices supposed to be connected? And they weren't. 1:32 We found that so many things have been connected, and every time we turn around, more and more things are getting connected to the internet, and we're raising the challenge for the bad guys to be able to hack into it. 1:47 And we see that, like, cybercrime is reaching an all-time trillion dollar kind of thing. And I think the latest number that I see from some of the analysts out there that are... 1:59 is saying that by twenty twenty-one, it could reach as much as damages up to six trillion. Now think about that. I mean, that is pretty horrific if I do. 2:09 And businesses, and if you to protect some of your stuff, could be as much as investing one trillion dollar to prevent, just to mitigate and prevent some of this in the next five years. 2:23 So if that's the case, think about what you have to do. So you have to start combating some of these. 2:30 And so that's why companies like CyberSN are created to find the best recruit and to recruit the best individual to, to thwart some of these bad guys. 2:41 And I think it's important because we are putting all these devices out there, and the problem is we have to create devices that have the security in them. 2:50 And I think it was really great when Lisa was on the segment one, because she was talking about we need to think about governance. We need to have... 3:00 be in a better position as an industry, as a whole, to start having some kind of consortium or things that we have a standard. 3:10 And that's something that I've been making a case for over and over, that we don't have the right standards in place. 3:17 Because if we're gonna spend this kind of money, money on things that we're, we don't know what we're spending, because we're putting so much money into all of this, it gets overwhelmingly expensive to try to fend off all of this. 3:32 And I think that's part of the challenge right now is: How do you stop the bad guys? 3:38 You know, and the challenge with all of this is we're trying to stop these guys, but if we don't work together as an industry, it would be a lot less expensive if we all were working on the same way to kind of 3:53 do it together. You know, develop a common standard. 3:56 And I think, you know, it's this idea that right now we don't know what the next generation of hackers are going to be or our next generation of white hackers, the good guys, right? 4:09 We want the good guys to be able to defend this all off. And I just think it's really good that we develop some really good IT strategies and, and, and to kind of find a way to... 4:24 I, I guess the way I wanna say it is: How do we stop all these malware attacks? I mean, nobody thought a year ago when our home devices were going to be attacked that that would happen. 4:35 We all have been talking about it would happen, but everyone thought, "Oh, it's really not gonna happen." Well, it did, right? And, and now look what happened. 4:42 Now we're starting to say, "Okay, well, we know it can happen, but we're, we're doing the best to stop it." Well, what if this, these attacks come after something bigger? 4:53 Our water systems, our infrastructure that we've been saying, we're all sitting there going, "We're doing our best." Well, right now, our best has not been the best. 5:02 I know we know that it can happen, but, you know, the, the bad guys out there are hoping that they can do more. We're-- They're going after our financial systems. 5:12 They're going after our social media, and, and they're hacking into things. 5:16 But we as an industry have to stop trying to fight this alone and come together and putting our egos aside and figuring out maybe if we kind of rally together and said, "Okay, how do we develop this unique security by design that Lisa mentioned from SPX?" 5:33 I think it's a great way to build something bigger and stronger that I think is, is a smarter way to combat things. And I think now we're, we're kind of building up our immune system. 5:46 I think now we're finding a way that we can actually be and, and build a stronger way to fight all of these kind of things. And maybe that's when we talk about artificial intelligence and learning and building. 6:01 That's how we can, you know, beat this whole thing. I, I don't know. 6:05 And maybe as our next millennials, and I don't know what the next generation is called, Generation Y somethingUh, we, we could figure out how these younger, more efficient, educated professionals coming out can find ways that are trained and have a new approach to cybersecurity, which I think would be really cool, you know, that we have something else that we're looking at that would make the headlines, that we can consistently outpace 6:35 all these automated threats that we keep seeing and increasingly find our ways to focus on something better than the headlines being some other financial institution or retailer that was hacked. 6:49 And we could be reporting about really exciting things about some new cure for an illness. I'd love to read and write more about that, and I think that's what I think we should be looking at. 7:00 But if we don't work together, we're gonna have larger global threats that are going to do more damage than what we're talking about. And I think the investment is going to be worse than what we've talked about. 7:13 These, you know, then six trillion dollars in damages by twenty twenty-one. And I think we have to find more ways to combat these malicious hackers. 7:23 I think the idea of working together, I've always felt is a better way for the industry. I think when companies find ways to work together in a unified front, I think it's, it's better. 7:36 I think it would be better for us to focus on those kind of things than what we're doing right now and talking about, um, what, what is... what are the ways to do things better. 7:48 And, and I think, I think some of us don't understand the severity of some of these cyberattacks. And w-- I think part of it is we don't like talking about cybersecurity. 7:59 I don't think we like talking about how dangerous it can be. 8:03 I think, you know, we, we like to pretend we have our, our handle on it, but I'm not quite sure that we really do have a clear understanding about how bad cybersecurity hacks are and how much damage they can cause. 8:20 I think a lot of times, you know, a lot of our organizations are just kind of saying, "Yeah, well, we have a handle on it." But the real question is, do we? 8:28 You know, I mean, right now I'm, I'm kinda tired of hearing about what goes on in, in Washington about it. I really would like to hear what we're doing from an industry to figure out how these devices that are so cool. 8:40 We have some really amazing connected devices that are helping from a healthcare perspective, that are helping from, you know, finding new ways of cures from medically that I think are really amazing. 8:52 But all we tend to write about are the negative side of things. I'd like to find the ways that new startups are using artificial intelligence, uh, to respond to these threats in a greater way. 9:05 I'd like to write about more of that, I think would be much more exciting. So I don't know. 9:10 As I look at all this and I write about it, and I'm talking to you on the radio about it today, I think there's a great way for us to spend more time preparing for the future, uh, than there is about talking about these challenges that we're not spending. 9:27 And I think the guest that we have, Sean Murphy, who's gonna... who's the CEO of sndr.com, is gonna come on. 9:33 And unfortunately, I guess, uh, Deidre Diamond, uh, the founder of, uh, and CEO of CyberSN, unfortunately wasn't able to make it today. But check out her website. 9:42 She's got a lot of great things that they're doing right now. They bring some really great skilled workers, and they're constantly working to, uh, train and find really good, uh, folks. 9:55 And it's unfortunate because, uh, she, she would have been able to talk about what the fallout was, Wanna-- the WannaCry virus and the malicious software that swept through many of the major companies, and how she was working to find some new employees, um, that were skilled in all of this. 10:11 Um, I would have loved to engage with her more about that, but maybe we'll have her back, and she could talk about the cybersecurity experts, what they're doing to diagnose some of the, the challenges that are coming up. 10:23 But we'll talk to, uh, Sean Murphy, and he can tell us more about that. But in the meantime, we're gonna take a quick commercial break. 10:29 But what I want you to do is check out some of these great experts that we talk to who really have a really great view of what your companies can do because there's a lot of things happening in this space right now that we want you to protect your websites. 10:44 'Cause if you think you're not gonna be attacked, remember, these bad guys, they're always out there, so you always gotta constantly look. They're out attacking your social media on a regular basis. 10:54 They're always trying to get in. So you always gotta be vigilant, and that's what we want to remind you. 10:59 With the Internet of Things, it's great to be connected, but it's also even more important to keep your security at the best it's always gonna be. 11:06 So I wanna thank you for listening for this time, but in the meantime, if you haven't been up to connectedworld.com, we're putting up new articles every day. We've just put up some new ones there. 11:14 We've got some great blogs up there. Also, if you haven't listened to some past shows of The Peggy Smedley Show, go up to thepeggysmedley show.com. There's some great segments there I want you to listen to. 11:24 And also, if you haven't tweeted at us lately, go up to peggy_smedley. I'd love you to... for you to tweet at me. I wanna know what you wanna hear as well. So as always, this is The Peggy Smedley Show, the voice of IoT. 11:37 And remember, with great technology comes great responsibility. 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