Helping Small and Midsized Businesses Improve Their SecurityTarah M. Wheeler, CEO of Red Queen Dynamics Inc., on the Many Challenges SMBs Face
Many small and medium-sized businesses are facing "generational trauma" in trying to comply with a variety of regulatory and other compliance issues as these requirements are being demanded by their larger business partners, insurers and others, said Tarah M. Wheeler, CEO and principal security adviser, Red Queen Dynamics Inc.
For instance, it's not uncommon for SMB entities to be asked assessment questions about the type of encryption they use, and often the CEOs of these business have little insight into how to answer - even when their companies are using robust encryption.
Often, the CEOs "don't know what encryption is," or how to attest to what they're using, she said, and this knowledge gap can be a big barrier to getting insurance and to competing for business.
In this video interview with Information Security Media Group at RSA Conference 2023, Wheeler also discusses:
- Evolving challenges small and midsized entities face involving threats such as spear-phishing, invoice fraud and ransomware;
- Tips for SMBs to improve their security posture;
- How the security industry can better address the needs of SMBS.
Wheeler has consulted and worked with hundreds of security organizations and companies of all sizes. She has multiple hacking championships.