Cybercrime and digital threats are escalating at an alarming pace. Anil Persad, Cyber Lead at EY Caribbean, tells Morning Edition that individuals, businesses, and organizations must be ready to respond instantly to attacks.
00:00The cyber lead at EY Caribbean, Anil Passad, warns that cyber criminals are fast, highly sophisticated, and always evolving, making preparedness not optional, but essential.
00:13Anil Passad tells the Morning Edition that people need to understand what is referred to as the threat landscape.
00:20He warns that without a clear grasp of emerging technologies and artificial intelligence, individuals and organizations will be caught off guard, forced into a reactive mode when cyber criminals strike.
00:34I'm being optimistic. Things have been improving. From a state perspective, there's a lot more sound coming out, indicating that we need programs, companies need to respond, they need to posture themselves.
00:46You're going to see regulations coming out. Are we perfect? Not at all.
00:52What I do see is smaller businesses now trying to get on the couple of first rungs on the ladder.
01:00Passad tells us these hackers are highly streamlined, operating like businesses.
01:05He explains that in today's AI-driven world, threat actors can be hired off the dark web.
01:11With ransomware services so polished, they have customer service representatives and feedback systems.
01:18He also highlights the specific times when attacks are most likely to occur.
01:23On a Friday evening is one. People go out to socialize and so on a little bit. Their eyes are taken off the corporation.
01:30So the threat actors know and understand that and they've utilized that information to time box the attack.
01:38And that's one, a Sunday as well. If you think about it, people usually on the download, there's not much activity on the commercial side of things.
01:46Passad warns that tackling cybercrime requires an ongoing, meticulous approach.
01:51It's not a one-and-done thing. It's consistent. It's cyclic. You need to have a program or a programmatic approach to managing cyber security.
02:02And it's not just having your IT guys patch a firewall. It's good governance. It's understanding a threat landscape.
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