Strategic Cyber Ventures CEO on Uber Hack

The transcript discusses a cybersecurity breach at Uber, highlighting the company's delayed response and payment to hackers. Tom Kellerman, a cybersecurity expert, emphasizes the need for stronger regulations and proactive measures. He criticizes the underinvestment in cybersecurity and suggests moving beyond passwords. The discussion also compares global cybersecurity practices, noting that the US lags behind countries like Singapore and Europe. The new Uber CEO's response and future steps for improving cybersecurity are also covered.

What was one of the most shocking aspects of the Uber data breach?

• The breach was reported immediately.

• Uber had the best cybersecurity measures in place.

• Uber paid hackers to keep the breach quiet.

• The breach affected only a few individuals.

What are companies required to do under federal data breach reporting regulations?

• Ignore the breach.

• Delete all data immediately.

• Report the breach in a timely manner.

• Pay hackers to keep quiet.

What is suggested as a replacement for traditional passwords?

• Simple PIN codes.

• No authentication.

• Adaptive authentication.

• Longer passwords.

What percentage of their budget is recommended for companies to allocate towards cybersecurity?

• 10%

• 5%

• 20%

• 30%

Which countries are noted for being proactive in cybersecurity investment?

• Brazil and India.

• United States and Canada.

• Singapore and European countries.

• China and Russia.

What is the estimated percentage of companies paying off hackers?

• 5-10%

• 10-20%

• 20-30%

• 30-40%

What should companies do instead of paying off hackers?

• Close their business.

• Increase their ransom payment.

• Work with law enforcement.

• Ignore the threat.