Privacy Files Anonyome Labs

On this show, we have talked quite a bit about the red hot cybersecurity industry. Companies can't fill open positions fast enough.

Globally, cybersecurity spending exceeds $200 billion.

But there's a small problem. You might call it a cybersecurity paradox.

Despite companies spending more than ever on cybersecurity, companies are also losing data more than ever.

In this episode of Privacy Files, we talk to Richard Hollis, a 35-year veteran of the cybersecurity industry.

Richard works at Risk Crew, a London-based cyber risk management consulting firm that strengthens companies' cybersecurity defenses through ethical hacking and information security awareness programs.

Overall, Richard believes the cybersecurity industry has failed to accomplish its mission, citing how companies around the world are collectively losing on average 20 million personal records every single day.

Over the last five years globally, companies have lost the records of more than 17 billion people.

These are staggering numbers.

We talk about some of the reasons the cybersecurity industry is failing, including looking at the largest incentive not to protect personal data: the desire to make money from it.

Richard brings a very refreshing perspective to the cybersecurity discussion, believing that companies should start viewing this from an individual privacy perspective.

To learn more about Richard Hollis:

https://www.linkedin.com/in/riskexpertrichardhollis/

To learn more about Risk Crew:

https://www.riskcrew.com/



Links Referenced:

https://www.cybersecuritydive.com/news/cybersecurity-spending-increase-idc/645338/



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com

The rapid rise of artificial intelligence (AI) is bringing great promise to the world in the form of increased productivity and a better quality of life.

However, as with any new technology, there are people who look to leverage it for nefarious purposes.

Deepfakes are seemingly everywhere now. And while some are being used for humor or general entertainment, many deepfakes are being used to inflict harm.

In this episode of Privacy Files, we welcome Anonyome Labs CFO Naomi Rule to the studio to discuss the challenges facing corporate accounting and finance teams in the face of AI advances, real-time deepfakes and harder-to-detect scams.

We kick of the conversation with the deepfake CFO story that cost one multinational company more than $25 million.

Naomi discusses how thorough processes can help accounting teams thwart the best efforts of sophisticated fraudsters.

We look at how corporations can prepare themselves for increasingly more realistic deepfakes.

In the latter part of the episode, we talk about how AI can positively impact corporate accounting and finance teams in the near future.

With AI technology evolving faster than the legal landscape, it's critical that companies stay abreast of new developments. Otherwise, organizations could be unknowingly sharing sensitive and proprietary information with the world.



Links Referenced:

https://www.cfo.com/news/deepfake-cfo-hong-kong-25-million-fraud-cyber-crime/706529/

https://www.cfo.com/news/cyber-fraud-2023-survey-trustpair/705928/

https://www.scmp.com/news/hong-kong/law-and-crime/article/3250851/everyone-looked-real-multinational-firms-hong-kong-office-loses-hk200-million-after-scammers-stage

https://www.cfo.com/spons/the-hidden-hazard-how-fraud-is-impacting-fleets-bottom-line/707818/

https://www.cfo.com/trendline/artificial-intelligence-AI-finance/415/



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com

Web3, or Web 3.0, is a new vision for the World Wide Web where the user is in control. While Web3 has been called many things, there's no doubt that its architecture enables for the democratization of the web.

The key concepts of Web3 include decentralization, blockchain technologies and token-based economies.

While the pervasiveness of fraud in cryptocurrency has tarnished the image of Web3, decentralization continues to be the greatest promise emanating from the emerging technologies of this new paradigm.

In this episode of Privacy Files, we talk to Daniel Harris, the Founder and CEO of Kendraio, an independent nonprofit research project, building free, open-source software with data privacy and autonomy at its core.

For the majority of this interview, we discuss the Kendraio app, a highly customizable, no-code environment to explore how people can interact with technology with more personal control.

The Kendraio app's focus is on user-centric design, data portability, privacy, interoperability, and user-configurable interfaces.

It's a revolutionary app that gives users control over their data, the process and the interface.

We also talk to Daniel about his thoughts on today's battle for individual privacy.

To learn more about Daniel:

https://www.linkedin.com/in/dahacouk/

To learn more about Kendraio:

https://www.kendra.io/



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com

With large data breaches making headline news nearly every week, cybersecurity is a hot topic.

Recently, AT&T discovered the personal information of more than 70 million current and former customers being sold on the Dark Web.

Compounding this is the fact that it takes on average nearly seven months for a corporate security and compliance team to even identity that a data breach occurred in the first place.

With the average cost of a data breach in the United States hitting $10 million per incident, companies are spending more than ever to defend against cyber attacks.

However, despite this, the number of data breaches happening today has never been higher.

In this episode of Privacy Files, we talk to Elvis Moreland, a Virtual Chief Information Security Officer at Blue Cyren. Elvis has an extensive background helping some of the largest companies in the world with their cybersecurity, and Governance, Risk and Compliance (GRC) strategies.

We talk a lot about the importance of implementing strong GRC frameworks and how cybersecurity tools alone are not enough to protect people, systems and data.

With the recent AT&T and Change Healthcare data breaches making the news, we analyze what happened and how these can be prevented in the future.

Elvis also talks about the risks of not conducting the proper due diligence during mergers and acquisitions, and how this can significantly increase a company's exposure to a data breach.

Overall, Elvis provides great insight into how corporations approach cybersecurity and GRC, and how his decades of experience has impacted the way he handles his own personal data.



Links Referenced:

https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/cybersecurity/new-survey-reveals-2-trillion-dollar-market-opportunity-for-cybersecurity-technology-and-service-providers

https://www.statista.com/statistics/273550/data-breaches-recorded-in-the-united-states-by-number-of-breaches-and-records-exposed/

https://www.varonis.com/blog/data-breach-statistics

https://www.npr.org/2024/03/30/1241863710/att-data-breach-dark-web



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com

According to a recent study at the University of Texas at Austin, from January 2020 to February 2024, people lost more than $75 billion around the world to the scam of pig butchering.

Named after the practice of farmers fattening hogs before slaughter, victims are lured into fake crypto investments. Once victims send enough funds, the scammers disappear. Hence, the pig is slaughtered.

Victims routinely lose hundreds of thousands or even millions of dollars. And each story often begins as an online romance.

In this episode of Privacy Files we speak to Troy, a private investigator who specializes in exposing pig butchering scams.

Troy works for the non-profit organization called the Global Anti-Scam Organization.

To learn more:

https://www.globalantiscam.org/

Troy has his own pig butchering story to tell and it's the reason he got involved in the fight to warn the public about this ruthless criminal activity.

This is so much more than just a story about another online scam. It's also about organized crime and human trafficking.

Above all, the hope is that this interview helps you better understand a rapidly rising global scam and what to look out for to avoid becoming a victim.



Links Referenced:

https://time.com/6836703/pig-butchering-scam-victim-loss-money-study-crypto/



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com

In 2023, Americans lost more than $10 billion to fraud. This is the largest annual loss in US history.

In terms of dollars lost, investment scams emptied consumers' bank accounts more than any other scam at $4.6 billion.

But a close second was imposter scams at $2.7 billion.

In this episode of Privacy Files, we look at the tragic story of former New York Times journalist Charlotte Cowles.

On Halloween of 2023, Charlotte became the victim of a very elaborate imposter scam that cost her $50,000 USD.

This is one of those stories that highlights how anyone can be targeted for fraud and just how susceptible we are in the perfect storm.

In past episodes, we have underscored how scams are growing in sophistication, which makes it even more important to understand how they work so you can identify them before it's too late.

We also discuss the psychology of imposter scams to better understand why people fall for them, even when there are so many noticeable red flags in the beginning.

Finally, this story is another excellent example of why it is so important to minimize your digital footprint so you can reduce your chances of encountering a fraudster in the first place.



Links Referenced:

https://www.ftc.gov/news-events/news/press-releases/2024/02/nationwide-fraud-losses-top-10-billion-2023-ftc-steps-efforts-protect-public

https://www.thecut.com/article/amazon-scam-call-ftc-arrest-warrants.html



OUR SPONSORS:

Anonyome Labs - Makers of MySudo and Sudo Platform. Take back control of your personal data. www.anonyome.com

MySudo - The world's only all-in-one privacy app. Communicate and transact securely and privately. Talk, text, email, browse, shop and pay, all from one app. Stay private. www.mysudo.com

MySudo VPN - No personal information required to sign up. You don't even need a username and password. Finally, a VPN that is actually private. https://mysudo.com/mysudo-vpn/

Sudo Platform - The cloud-based platform companies turn to for seamlessly integrating privacy solutions into their software. Easy-to-use SDKs and APIs for building out your own branded customer apps like password managers, virtual cards, private browsing, identity wallets (decentralized identity), and secure, encrypted communications (e.g., encrypted voice, video, email and messaging). www.sudoplatform.com