“Wayne Sadin on Digital Strategy” episodes will explore the fast-changing and high-stakes world of digital business. We’ll focus on what CEOs and boards must do to lead their companies successfully into the Digital Age. Today, we talk about hyperscaling, digital transformation, and shifts in enterprise technology that are creating opportunities for differentiation.

Episode 7

In this episode: Wayne looks at Capital One and their data breach. Is it Amazon’s (AWS) fault or Capital One’s fault. He digs down to say that Capital One shoulders the blame – but they noticed the discrepancies and did their best to patch it. Hackers will always be upgrading their technology and sharpening their tools – and we need to be diligent.

Wayne compares it to a hole in a fence. You can drive trucks through there and you’re perfectly safe. But what if a human being can walk through the hole; then you have a problem. But Wayne says that no one should spend enormous sums on cybersecurity when you can buy preconfigured solutions for most of the standard problems facing you.

He then goes on to say if we turned up everybody’s thermostat to 100 degrees during the middle of a heat wave, how many pets and how many people would we kill?

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Data Breaches, Capital One, and AWS