This post is a review of the book “Big Breaches” by Neil Daswani and Moudy Elbayadi. I received the book via the NetGalley site, and this book is awesome! Thank you to #NetGalley!
Normally I am very selective about the books I request on the site – it has to pique my interest first! For this book, the description was compelling, and seemed useful for someone like me who works in in the risk management IT space! Happy to say the book exceeded expectations on all counts – this post is a gist of the ‘Whys’! 🙂
[Note – a modified version of this post is also posted on my Medium blog here.]
Did You See The News?
With the recent news about the Colonial pipeline breach and ensuing gas shortage nightmares, everyone is (or should be) concerned about cybersecurity. Whether you work in IT or not! Data breaches have become as common as excessive rains in Mumbai, India – Experian, Facebook, Target! Ugh!
This book offers detailed insight into the how and why, in an easy manner targeting non-technical folks and the general public!
Data Breaches Affect Everyone!
Data breaches affect everyone, not just gullible senior citizens or folks posting a zillion social media posts!
Preventing such breaches is hard, almost akin to the Border Security Police (BSP) work! BSP personnel have thousands of points to monitor — illegal tunnels, airport passengers, rogue shipments at ports, etc. increasing the odds of failure! Terrorists only have to find a single vulnerability to get in — an overlooked mine, overpower a tired soldier or bribe a single person! Similarly, banks and large corporations have to work tirelessly to keep their digital assets secure — the task is Herculean, thankless and often feels like an uphill (and losing) battle! I worked in credit card fraud analytics and risk management and can personally vouch at the inventive ways cyber criminals attack our orgs!
This book brings explains such incidents in a masterful storytelling method!
AI investments, anyone?
Loved the discussion on investments in information security companies and startups!
Artificial intelligence and machine learning tools are already used for identifying money laundering activities, preventing credit card fraud, and securing digital data related to consumers. Many types of software tools are used for compliance (think GDPR data laws and similar federal regulations). However, as more companies start to use cloud-based vendors and services, tools in this space “cybersecurity cloud services” will also start to mature and become ubiquitous. Perhaps even mandatory!
So I can totally imagine the stocks of those companies soaring as the Zoom stock did once the pandemic started! Money-makers of the future! (This is just a thought, not a guarantee! Not doling out investment advice in any shape or form!) This section on cybersecurity markets and investments is a fascinating read!
Astute readers may even come away with ideas for products (or startups) that fit those niches. I know I have been bursting with ideas that I plan to validate soon!
Must read for anyone who works in IT or financial firms — whether you work in cybersecurity or not!