CvCISO Podcast Episode 68 The Password That Shut Down a 158-Year-Old Business

CvCISO Podcast

In this episode, the hosts discuss the cyber attack on Knights of Old, a 158-year-old logistics company that was shut down due to a ransomware attack. They explore the preventable nature of the incident, the lessons learned, and the role of Virtual Chief Information Security Officers (VCSOs) in advising clients on cybersecurity best practices. The conversation also delves into the Akira ransomware group, their tactics, and the importance of foundational cybersecurity measures. Takeaways The Knights of Old incident highlights the importance of multi-factor authentication. Cybersecurity incidents can lead to significant job losses and business closures. VCSOs play a crucial role in advising clients on risk management. Understanding the attack surface is essential for effective cybersecurity. Cyber insurance is not a substitute for good security practices. Ransomware groups like Akira target small to mid-sized businesses. Incident response plans are critical for managing crises effectively. Emotional decision-making can lead to poor cybersecurity choices. Documentation of security recommendations is vital for accountability. Foundational security measures can prevent devastating attacks.