[SxSW] Cybersecurity Isn't Just for Banks. Startups Need It, Too
The Grit Daily Startup podcast is an engaging and informative show. Guest Rick Jordan (Rick Jordan TV), Hunter Abramson (Relic Tickets), and Britt Mier Y Terán (head of business development for Harpie) join in discussing the importance of cyber security for small start-ups. They go into detail about the need for preventative security, why cyber threats can lead to mainstream adoption of cryptographic assets, and how to make security more affordable and accessible. They also discuss the gender and race gap in the cybersecurity industry and how to empower aspiring women in tech. Lastly, they discuss helpful tips to protect companies' funds, the need to invest in security systems before a breach, and the assistance of White Hat hackers if needed. If you're looking to stay in the know about the latest in cybersecurity, look no further than The Grit Daily Startup podcast!
[00:00:08] The Importance of Cyber Security for Startups.
[00:03:19] The Security Challenges of Web 3 and Blockchain Technology.
[00:06:42] Cybersecurity and Cryptography Accessibility and Affordability Challenges
[00:10:13] Making Cybersecurity More Accessible to Everyone
[00:13:35] Finding Affordable Services for Startups and Alternatives to Expensive Consultants
[00:16:39] Topic: The Cost of Cybersecurity: What You Get from Paying More
[00:19:54] They ultimately conclude by encouraging the listener to make the best decision they can.
[00:23:21] The Importance of Cyber Security Preparation in Businesses.
[00:26:31] The Secret Service and Cyber Security.
[00:05:58] "But the reality is so little of it is accessible and affordable. And you shouldn't have to pay upfront for problems we have in the blockchain face."
[00:13:47] "We just had no idea where to look or where to go to even find these services because everywhere you want to Google it, you want to, you know, go through connections, the cost is still so much, you know, we're going through the process Even as a small startup, we're working and starting to work publicly traded companies. So, we're having to go through SOC 2 and, like, what does all that look like? And it's expensive."
[00:24:34] "Do what you can do today spend wouldn't consent -- Mhmm. -- today, because the answer is not do nothing. The answer is just do everything that you possibly can. So then hopefully, you can protect as much as you can today and in the future."
[00:22:10] "So I think that's just, you know, being a founder and then especially being a founder in the blockchain and web 3 space. If there's so many questions you can ask about the future, I think it's more about what are we doing right now to to get ready for all the possible futures. You just gotta ride the wave. That's that's it. And remain reactive. Reactive, but fun emotional. Yes. To the reaction. You know, there's so the reaction can can be bit bad and good. So, you know, unemotional reaction and making sure you're making good business objective business decisions for your company because it is it comes fast, and you gotta think fast. Yeah."
[00:10:28] "It's very male dominated, which, Rick, that's why I'm glad we're here talking today. Right? Totally. Dominated. Yeah. Forget that. It's real dumb in the business."
[00:02:09] "This is why, you know, cyber security, I feel like needs to get talked about a lot more for the small startups because It's an application that people don't think about when you're starting a business in tech because you don't need it until you need it."
[00:21:24] "No. I mean, I think services are always going to exist and people building for services. I think we're a long way from specifically, Crypto Security Regulations -- Mhmm. -- because we can't even figure out Crypto Regulations today. And even when we do think we figure them out, we're gonna be a long way from it."
[Unknown] "And I'll say on that gap of, like, affordability and accessibility, I know for us that, you know, coming from a place where I didn't know anything about cybersecurity and starting a tech company, especially in the blockchain space, you know, we didn't I had no idea where to go. I had no education. I had no idea where, you know, who to even call for tools in order to get this accomplished. With the budget that we had."
[00:11:31] "It's okay. If that's that could be a way to even accelerate. Our industry and help things become more accessible and affordable."
[00:23:56] "Don't wait to go explore this for your company, you're going to need it. And it's something by the time you need it, it's too late. So actually, consider this as you talked about, this is an expense for your company. That potentially could save you, you know, you are paying upfront, but it could save the company in certain aspects that you could have never thought about if a hat comes, if phishing comes, with, you know, your clients, whatever it looks like. If you don't explore this now, you're going to regret it when the hit actually happens."
[00:05:36] "Accessible and affordable preventative security options are seriously, like, hit the nail on the head right there."
[00:27:31] "When you've got a hundred thousand, 300000-dollar loss that they're going to go after, that's their sweet spot because they know that they're pretty much in the clear."
[00:16:11] "And I I think it'd be a really interesting way as a founder instead of having to outsource to, like, consultants and things like that, especially if you are bootstrapped. All you really do need to do is get the pass to those conferences, and there's always a 1 on 1 track, a startups track, a founders track, something like that."
[00:08:10] "That's the reason why I'm really not to try to make that more affordable, but I when do you think that's going to be mean, I'm trying to push it to the market."
[00:12:37] "It it it makes me wonder where's the disconnect here? Yeah. But it's No. Go ahead. No. As I said that to me, that's still, like, mind blowing. I had absolutely no idea of those numbers, and I'm going to say for them because it's such interesting information, like, really could dwell on."
[00:14:29] "There's even more than 34 on the compliance side. Correct. There's something that's not due, and that's the part that we don't talk about too much is because if you have to go through that to work with specific owners, whether it's public companies or even regulated industries."
[00:19:12] "When you're having to pay, you know, a lot of money for preventative security, like, it's like an insurance experience, you know. It's like how much am I protecting and how long till I get hit and I'm going to to feel that in my pocketbook every day until I actually get hit and all of a sudden I'm grateful I paid for it."
[00:23:05] "But if you're proactively reflective, Oh my goodness. Proactively reactive. You know, it's like you're setting up your security layers. Layers. Right? You're getting your security stack. You're being proactive about your ability to react to a bad situation."
[00:17:10] "For me, you know, we can bring business that maybe some technical founders, you know, can't and have not been able to. But if we partner with the right people, it just starts open, the door to all this conversation of accessibility and affordability and starts bridging that gap for everybody."
[00:15:56] "And it'd be really cool to see those founders with these ideas show up at our web 3 hackathons where there's honestly tons of developers ready and waiting to build contracts."
[00:04:12] "And as a startup founder, it's really important to be aware of that, that it's not always just someone coming after you to attack you. It's a whole crew of people orchestrating a way for you to be continuously tricked, and you always have to have your guard up because of that."
[Unknown] "Even the founders that utilize these JPEG to create profound communities, they can get scammed and drained and it, you know, it makes all these headlines."
[00:25:58] "There are White Hat hacker services that will help you try and reclaim those funds from the black hats. Of course, they do it for like a fee."
[00:27:18] "They're brilliant when you get them to that space to bring it. But this is the point why they don't go below that threshold is because there's so much."
[00:19:02] "It's almost like you're trying to catch up to the inevitable whatever's gonna hit at some point in time. But what's the middle ground answer, though?"
[00:02:35] "And unfortunately, reality is as a space, we're just not ready for that. So, I'm really hoping that things quell a little bit because if we do have a lot of new consumers coming on to use digital assets, we're going to see a lot more fishing, a lot more scams, so it's going to be really in as a startup to be really aware of those risks and the measures."
[00:00:34] "My name is Britt Meadean. That is the way you say it is so amazing because that it's like I'm Britt and then you go into it. Subsea accent. No. There's absolutely no way to say that name. In American English, I've learned that after 10 years with that name."
[00:14:18] "Same numbers of what you got to go through and all the audits you have to go through and how you can get to that point to actually make the monies a startup that's going to benefit you, that's been a journey for us to go through."
[00:07:37] "The amount of cybersecurity tools or stacks tools that go into the full offering right now the count is 34. It's not just 1 tool. It's not just 5 tools."
[00:20:21] "It's been an individual who has taken 4 companies public. I was on his show a couple of weeks ago, Todd Ols. And Big Niles, it's actually a blockchain company, just a public. And he was speaking of cybersecurity as a utility now. It's just like Internet service. It's just like electricity. Yep. It's it's just like natural gas that comes that light up your stove. That's where this industry is going to where everybody is just going to have to have this."
[00:08:34] "It's going to take lots of huge problems to make things happen."
[00:06:10] "Most of this security needs to be baked into blockchain before we really see adoption."
[00:19:45] "But, like, preventative security, your baseline security for your consumers, like, it needs to be widely available."
[00:03:47] "But, you know, there's just so much space for vulnerabilities, especially for those new consumers that, you know, are not used to what emails should look like and shouldn't look like and The reality is that, you know, a hacker is not actually just a single hacker. It's usually a team of highly skilled people that include developers and UI UX people that can build some really skilled sites."
[00:02:22] "It's almost an insurance model. Right. Hundred percent is intriguing."
[00:05:21] "And what does it look like for startups to yes, take it seriously from the upfront side, but also find solutions and tools in order for you to protect yourself, but also you can afford on the budgets and the runway you have."
[00:11:06] "Does anyone think that's because in a face where people don't show their face or give their real identities, that women are given as much permission as men to show their skills put out?"
[00:26:46] "We every every breach over a million dollars that we've worked with customers. And then we sometimes we're able to help them recover. Sometimes it's a portion. Sometimes not at all. But over a million dollars is the FBI and the Secret Service that will get involved."
[00:22:50] "I like to say proactively reactive. Yes. Love that. Which is a terrible term, but seriously."
[00:21:53] "So, you know, it's cool because it provides a lot of really fast innovation, but it's you know, we're kinda talking about it today. Like, you see these small, like, inflection points and you know they're gonna ripple out. So you can get ready to react and, like, innovate quickly enough because you're rocket shipping through time until this ripple effects out."
It's no surprise that cyber security is becoming more and more important for startups in the tech space. As Rick Jordan from Rick Jordan TV declared, "It's an application that people don't think about when you're starting a business in tech because you don't need it until you need it." Withdrawals from big banks have been flying out this morning and that is driving everyone to withdraw their cash. As a startup, it is important to be aware of and take measures to prevent the risks of cyber security.
Here are three tips for startups to stay secure online:
1. Invest in a reliable firewalled router and connect to a secure WiFi network.
2. Regularly update your software and use dependable anti-virus and anti-malware systems.
3. Utilize strong, randomized passwords and two-factor authentication when logging in to prevent hijacks.
For a further in-depth exploration of cyber security, listen to this week's episode of The Grit Daily Startup featuring Hunter Abramson from Relic Tickets and Rick Jordan from Rick Jordan TV. Hunter and Rick will be discussing how startups can stay secure in this digital age along with their own perspectives on the topic. Don't miss out!
Today's hyperconnected world moves fast and so do cyber threats.
Here are three tips for startups to stay secure online:
1. Use encrypted messaging and never share sensitive information over email.
2. Make sure any third-party applications or services used in your business are secure.
3. Secure your valuable or confidential data by using a virtual private network (VPN).
It's critical that startups are equipped with the knowledge and tools to prevent cyber threats. On this week's episode of The Grit Daily Startup, Hunter Abramson from Relic Tickets and Rick Jordan from Rick Jordan TV will be discussing cyber security for startups and how digital assets need to be protected. As Rick mentioned, "It's almost an insurance model." Don't miss out on this important episode!
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Post 2: Hear from the leading experts on all things #CyberSecurity as they cover the implications for startups on this episode of #TheGritDailyStartup featuring special guests @RickJordanTV (Rick Jordan) and @HunterAbramson (Relic Tickets) 🤩 Tune in now for an important and informative listen. #StartupConvo #SafetyFirst
Post 3: Get ahead & stay ahead of your #CyberSecurity game with #TheGritDailyStartup episode featuring the amazing special guests @RickJordanTV (Rick Jordan) and @HunterAbramson (Relic Tickets). 🤔What implications should startups be aware of? 🤨What do you need to know to keep safe? 👉Find out now! #StartupConvo #StaySecure
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