Till a few years ago, Cyber security was considered an emerging risk. Today, it represents a reality. This episode of Why Businesses Fail will focus exclusively on Cyber Security.
The days of hacking into someone's account and changing passwords or sending malicious mails are long gone. Cyber security incidents today represent the use of sophisticated machinery, software algorithms, and systems that can unlock or decrypt many robust pieces of code. Shutdown of ports, airports, electricity grids, theft of IP and sensitive financial and medical records are getting common day by day.
Listen to the interview of Cyber Security expert Vivek Chudgar, who cites specific instances where lack of a robust cyber security protocol in companies has led to failure. He highlights that failure to report, or to respond to a data breach effectively is also a failure on the part of organizations.