Welcome back to closing bell here on cheddar news.
So cyber attacks have been grabbing plenty of headlines lately
and that's because experts say ransomware and other cyber threats
are on the rise and all this comes as the
cybersecurity industry for faces a talent shortage. But don't
worry not all is lost because one tech giant is
trying to provide a solution today. Microsoft launched a
new service called Microsoft security experts and joining me now
to discuss this is vast surgical chief Vice president of
security compliance, identity and privacy at Microsoft. So
my first question is what is Microsoft security experts and
what does it do? What can It's great to
be here. Thank you for having us. And
you know we're really thrilled to launch this exciting new
service Microsoft security experts and to understand that there are
two big driving forces behind it. The first one
is this ever evolving threat landscape which is complex,
it's sophisticated and the attacks are getting more frequent.
We are now saying 921 attacks per second which is
up from$579 with attacks per second just earlier.
And Viet Microsoft are tracking 35 ransomware groups in 250
unique threat actors across ransomware and nation state. The
second driving force you talked about it is talent shortage
one out of every three jobs in the us in
cybersecurity is unfulfilled and it's creating 2.5 million vacancies in
cybersecurity. So as a result of that we are
launching this new category of services because we know that
while technology is super super critical and we have an
end to end portfolio for that we need humans,
we need the experts who designed this along with that
technology. So this services offerings brings together technology and
human in five different things. So as you mentioned
, you're tracking 35 ransomware groups. What have you
found? What are they doing? And where are
they located? Yeah, there's a whole gig economy
of ransomware that's happening right now. Human operated ransomware
that's not just bust, but real humans who are
monitoring this and are launching attacks is becoming more frequent
. They're saying also that the barrier to enter in
ransom there is now lowered and there's a whole light
kill chain where there are different elements of it that
threat actors are offering. So you also mentioned in
the article on the report that I got that the
cyber attacks are getting more complicated, they're getting more
I guess difficult to understand and to block. So
what is your team doing to combat that? Absolutely
. So there are two pieces of it first.
We need to provide end to end security because can
attacks come from anywhere and if you don't have robust
security protection, then it's like closing a door.
But leaving a window open. So that's why Microsoft
offers services across security compliance that's inside out protection,
identity management and now privacy and with this new services
offering, what we're doing is we're bringing humans and
attaching those two that technology. So amongst the services
that we're offering, what we're doing is we have
three managed services services offerings. Microsoft defender for defender
experts for hunting. So along with our customers security
teams, we have Microsoft experts really proactively hunting for
those threats. The second offering is Microsoft defenders for
XDR or extending extended detection and response. Not only
did we help you hunt, but we help you
really detect comprehensively and respond to these attacks. And
then the third one is Microsoft security services for enterprise
. If you want a comprehensive expert lead service including
hunting and XDR, we offer that to you so
that you have a simplified and modernized managed service experience
. So those are the three managed services and then
that's not all. We're also launching an enhancement of
two services incident response as well as security experts for
modernization to continue to help customers on their journey for
more robust security postures. Let me ask you something
when you said that for every, I think it
was one in three jobs it's vacant. Why is
it vacant if there's so many jobs and most of
these jobs are high paying, why is it vacant
? And what kind of vulnerability does this create for
companies that are trying to protect themselves? Yeah,
you know, it breaks my heart. Um,
and hopefully one day we'll get on the other side
of that equation. So there are a couple of
reasons for that one is the threat landscape is evolving
really fast. So just to keep up with that
requires immense about immense amount of training and it also
requires a sheer like larger cybersecurity forced to address that
. And then secondly, you know as the cost
of breaches is increasing, it's taking longer and longer
for us to detect those breaches. We need different
skills and we need more people in our security team
. So both of those are contributing to. The
lack is just the number of attacks are increasing.
The number of technologies that we need to defend against
. Those attacks are increasing and the number of humans
we need to operate those technologies is increasing. I
hope this helps and I hope we can be more
secure because I know that everyone prefers security in this
world but sue to call CVP of security compliance,
identity and privacy at Microsoft. Thank you as always
for joining us. Okay, coming up, amazon
is making some changes at its Staten Island warehouse that
voted to unionize in March, find out what the
details of this controversial decision is coming up. Mhm
. Mhm. Yes. Yeah, welcome back to
closing bell. I'm cheddar news everyone kristen show here
with my partner ken buffa and I can let's get
our viewers caught up awesome stories that we're following today
. Alright. The box office receiving a nice boost
Creek kristen to kick off its summer season. Thanks
to El Doctor Strange in the multiverse of madness and
the latest entry in the M. C. You
brought in$185 million 11th biggest opening in history and
the biggest opening of 2022. The Doctor Strange sequel
surpassed Warner Brothers the Batman with the biggest opening of
the year and is marvel's second biggest opening after the
pandemic since Spider Man. No Way home, which
is blew it out of the water. Let's be
let's be serious. So the film garnered mostly positive
reviews getting a 75% rotten tomatoes score, which is
interesting to hear. I thought it would be higher
Kristen. When was the last time you were at
the box office, ken? I think fans were
still around. So it's been a while, it
was pre pandemic for me. Look, we're not
alone, I think that's the takeaway here. Alright
, well an update to at amazon's JFK eight warehouse
on Staten Island, the big tech giant reportedly looking
to make management changes. Following the warehouses vote for
unionization. Well, the JFK eight warehouse was the
first amazon location to successfully unionize and the new york
times reporting the company has terminated more than half a
dozen managers at the warehouse who were in charge of
responding to calls for unionization at that location, amazon
telling its employees the changes purely organizational but some workers
claiming the decision is punishment for failing to stop unionization
efforts. All right. Meanwhile IkeA plane to transform
its store locations to bolster its e commerce business,
The furniture giant spending$3.2 billion to redesign its stores
to also work as e commerce distribution centers. The
renovations come as retail sectors across the board have seen
a dramatic uptick in online shopping and orders. IK
expects renovations will ultimately make for more cost effective and
efficient deliveries and will even be more environmentally friendly as
they will create lower carbon emissions. Have you ever
been to an IKEa Kristen? It's like a trip
, It is a trip, There's actually a free
ferry here from the Wall Street here to the IKEA
in Brooklyn. It's a pretty good, excuse me
, a pretty good deal. The hiccups have returned
. Can I apologize? Must have been a rough
day on Wall Street at least. But anyway,
I think that this is a really wise move.
And I actually think, of course as the,
excuse me, the economy takes it on the chin
, right? With the stock market underperforming IKEA could
be a space where there's a little bit more attention
versus some of these more luxury furniture makers. Yeah
, I think so too. And also I think
this is gonna be a trend that we see with
other stores because if they can streamline their e commerce
to get deliveries faster because everyone's always competing with amazon
, It's gonna be a good deal for us all
. Alright, so, coming up, we'll preview
what to watch for tomorrow on Wall Street and