Matthew Rosenquist is an industry-recognized pragmatic, passionate, and innovative strategic security expert with 28 years of experience. He thrives in challenging cybersecurity environments and in the face of ever shifting threats. A leader in identifying opportunities, driving industry change, and building mature security organizations, Matthew delivers capabilities for sustainable security postures. He has experience in protecting billions of dollars of corporate assets, consulting across industry verticals, understanding current and emerging risks, communicating opportunities, forging internal cooperation and executive buy-in, and developing practical strategies. Matthew is a trusted advisor, security expert, and evangelist for academia, businesses, and governments around the world. A public advocate for best-practices, and communicating the risks and opportunities emerging in cybersecurity. He delivers engaging keynotes, speeches, interviews, and consulting sessions at conferences and to audiences around the globe. He has attracted a large social following of security peers, is an active member on advisory boards, and quoted in news, magazines, and books. Matthew is a recognized industry expert, speaker, and leader who enjoys the pursuit of achieving optimal cybersecurity. Matthew Rosenquist is experienced in building world class teams and capabilities, managing security operations, evangelizing best-practices to the market, developing security products, and improving corporate security services.
Although not a complete picture, as data can be hard to come by and validate, researchers over at Bromium have estimated cybercrime to reach an unbelievable cost of about $1.5 trillion dollars. Take the numbers with a grain of salt, but the breakdown does give some understanding of the growing problem we face. Even if it were a tenth of this amount, it is enough to bring in flocks of burgeoning criminals to explore how they can get a piece of this pie. For organized criminals, it is worthy of doubling efforts to push this number further, making other illicit avenues of revenue pale in comparison.
Trust, security, and ethics are beginning to matter more in the world of business. Cambridge Analytica has reported massive customer abandonment due to persistent negative media coverage and public sentiment around the questionable collection and use of over 87 million personal records harvested from social media.
Asymmetric attacks, like those in cybersecurity, benefit the aggressor by maintaining the 'combat initiative'. That is, they determine who is targeted, how, when, and where attacks occur. Defenders are largely relegated to preparing and responding to the attacker’s tempo and actions. This is a huge advantage.
Building and running a cybersecurity organization is a daunting task and most aren’t doing very well. The brutal reality is that the industry is struggling. Even as gains are made in the professional community, losses are skyrocketing in the face of security spending that is increasing to astronomical levels. Some estimates place losses to cybercrime alone at $6 trillion by 2021, doubling from $3 trillion in 2015, while security spending will top $1 trillion with expected double digit annual growth. These losses exceed the global illegal drug market and the security investment burden increases at an unsustainable rate. Even with massive investments over the years, the world continues to hemorrhage losses due to cyber-attacks. These damages are derived from individual organizations that have failed to erect and maintain viable defenses.
The recently discovered Mylobot aggregates 9 sophisticated features, highlighting how advanced malware is evolving. Stealth capabilities make it difficult for security tools to detect and protection aspects preserve its functionality over time.
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