FreightWaves LIVE recap: Cybersecurity lessons after the Colonial ransomware attack

BIO: Felker oversees technology operations, including cybersecurity, at GlobalTranz. He has over 25 years of experience in technology and product development. Before joining GlobalTranz in 2019, he advised private equity firms on technology-related mergers and acquisitions. 

KEY QUOTES FROM FELKER:

“Whether you want to call it ‘Groundhog Day’ or ‘Edge of Tomorrow,’ We seem to be seeing [ransomware attacks] happen again and again and again.”

‘They’re not necessarily going through and finding the hardest way in. They’re looking across a slew of options and looking for the best or easiest way. And unfortunately, many times they find that.”

“You don’t start by putting in these huge intrusion detection systems and intrusion prevention systems and get a managed service provider to come in and monitor your network 24/7. When you’re small … you’ve got to start at the simplest points.”

“The level of complexity of many company networks — and the systems that ride on those networks, and the interaction between those systems and the ways in which you need to ensure communication between different systems to the outside world — opens us up to not being able to track every single instance of a potential threat point.”

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