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.
02:09Nicole M. Romany, TV6 News.
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