Transcript
Rich (0:00)
From the CISO series, it's cybersecurity headlines. Google acquires cybersecurity Firm Wiz for $32 billion. Senate bill offers improved cybersecurity for water utilities. And Hellcat's JIRA campaign strikes again. These are some of the stories that my colleagues and I have selected from this past week's cybersecurity headlines. And now we're looking forward to some insight, some opinion and indeed some expertise from our returning guest making her third appearance on the show, Christina Shannon, CIO over at KIK Consumer Products. Christina, it has been too long. I gotta ask though, how was your week in cybersecurity?
Christina Shannon (0:41)
Week's going great, Rich. Good to see you too. You know, it's a nice thing to see. It might be a little premature for me to say cause I'm not sure I have enough data to see if this is a pattern or not, but at least for me, we're doing our cybersecurity insurance renewal and it seems like the last few years of what I call crazy premiums are starting to normalize.
Rich (1:01)
Hey. So. Hey. Well, we'll have to keep tabs on that. But that's, I like the little scuttlebutt here. This is, this is nice. This is nice. And that's why we did award you three stars. Our producer Steve Prentice put up the three stars for our three time guest. So thank you so much for gracing the show. Once again, thanks also to our sponsor Delete me, take control of your personal data. We'll hear more from them later in the show. I'm going to say, you know, they haven't been a sponsor for three times but they have potential to be a three star sponsor as well. Join us on YouTube live. Do so go to CISO series.com hit the events dropdown and look for the cybersecurity headlines Week in review image. You can just click on it to join us. Get in there. I see some new names in there. Stuart Sandstrom, of course, one of our regular ccl, the big boss man, David Spark and Kevin Ferrell all making their time to make the show better with their comments and you can indeed join them. So get in that chat and contribute. Just some quick housekeeping here. A little bit of breaking news here before we get into our discussion. Big hat tip to security researcher Brian Krebs. You may have heard of him, he is on security quite frequently. He highlighted that the US treasury just announced it is lifting sanctions against the cryptocurrency mixer Tornado Cash. We cover them quite a bit in 2022, 2023, their initial sanctions, kind of the arrest and sentencing of a lot of their leadership. They're responsible for laundering at least half a billion dollars for the North Korean Lazarus Group, among many others, billions of dollars in money laundering. In lifting the sanctions, the treasury said it remains deeply concerned about the significant state sponsored hacking and money laundering, but that digital assets present enormous opportunities for innovation and value creation for the American people. Read those tea leaves as you will. Before we get into the discussion portion of this, quick reminder that all the opinions Christina is going to be presenting are indeed her own, necessarily those of our employer, family, friends, staff or affiliates. Next. First up here, the big story that got everybody talking this week. Google acquiring the cybersecurity Firm Wiz for $32 billion. I promise I won't say it every time like that. The global tech giant has decided to ease on down the road, according to Wiz, its largest purchase to date. The Financial Times says that Wiz and Alphabet have agreed to a $3.2 billion termination fee, which lets Wiz run like an independent company if the deal falls through or is significant, significantly delayed. So the deal was announced, it is not, you know, it will probably take upwards of a year or more for it to actually close. But Christina, clearly this is not intended to be, you know, a heavy load for Google. Rather, it's a move to strengthen its position in the competitive cloud market, particularly in the era of rapid AI advancement, something they're trying to keep pace with. Last week on the show we were reporting on the DoJ's intention to break up Google. I guess they didn't get the memo or like, what if we got bigger instead? I'll be in a different, completely different market here. I'm curious, what's your take on this?
