This week, Brian, Erik, and Dan look into the security impacts of last week’s Silicon Valley Bank closure, both from a direct security risk, but also what we can learn about risk from the events leading up to the incident that we can apply to our information security responsibilities.
Brian kicks it off with a great description of how Silicon Valley Bank got here (based on what we knew on 12 March 2023 - subject to change as more becomes known after). And from that, we go some of the direct and indirect lessons and implications such as:
Along with some strong recommendations (or maybe they are warnings) for our security vendor listeners on how not to use this incident as a sales tool (tl;dr: DON’T!), there are a few correlations to the automotive industry. And check out the book club recommendations in the show notes on our website www.greatsecuritydebate.net, too.
Since we recorded another bank, Signature Bank, has also been closed and placed into receivership. On behalf of all of us at Great Security Debate, we wish all those affected either as companies of these banks or their customers good wishes and hope for good news ahead on the recovery of funds.
Thanks for listening!