Risky Business Risky Business #796 -- With special guest co-host Chris Krebs
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Jun 18, 2025 Chris Krebs, former Director of CISA, joins the hosts to delve into the latest cybersecurity threats. They analyze a bold cyber attack against Iran's Bank Sepah by Israeli hacktivists, discussing its implications for banking security. Krebs shares insights on the rising identity threats in the insurance sector and the shift towards zero trust models. The conversation also covers Microsoft's strategy to address European concerns over data sovereignty and highlights emerging AI vulnerabilities within M365 and Azure. This engaging chat is packed with vital security trends and challenges.
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Bank Disruption Causes Systemic Chaos
- Disrupting a major bank causes systemic chaos in the banking sector due to interdependencies.
- Destroying backups in such a bank could be immensely consequential during cyber warfare.
Device Ban as Tactical Deterrence
- Iran ordering officials to ditch connected devices shows Israelis achieved tactical deterrence.
- Removing trust in devices slows down Iranian command and control, creating confusion and fear.
Identity Attacks Now Widespread
- Identity-based attacks have become the dominant method for cyber compromise.
- Attackers now target insurance industries using similar tactics once seen in retail attacks.