Cybersecurity Insights with Matt Toussain: Defending Against Evolving Threats

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management are joined by cybersecurity expert Matthew Toussain, the founder of Open Security. Matthew shares his extensive experience in cybersecurity, shedding light on the vulnerabilities individuals and businesses face, particularly with the rise of AI and other advanced technologies. He discusses the importance of basic security measures like multifactor authentication, the evolving nature of cyber threats, and the critical need for businesses to stay vigilant. The conversation also touches on the role of cryptocurrency in cybercrime, familial fraud, and the potential impact of quantum computing on cybersecurity. Matthew's insights emphasize the importance of understanding and mitigating risks, providing a balanced approach to defending against cyber threats.

Click here to view the episode transcript.

00:00 Introduction to Barenaked Money Podcast

00:37 Meet the Special Guest: Matthew Toussain

00:58 Matthew Toussain's Cybersecurity Journey

03:11 Hacking Demonstration: Breaking into a Bank Account

04:43 The Importance of Multifactor Authentication

06:19 Open Source Software and Cybersecurity

08:14 The Threat of Open Source Intelligence Gathering

10:00 Evolving Cyber Threats and Social Engineering

12:30 Defending Against Cyber Attacks

18:43 Familial Fraud and Its Implications

26:02 Artificial Intelligence in Cybersecurity

30:16 The Scalability of AI in Cybersecurity

30:53 Current Trends in AI-Based Attacks

31:22 The Human Element in Cybersecurity

33:25 Small Business Cybersecurity Solutions

37:24 Voice-Based Phishing Attacks

42:29 Cryptocurrency and Cybercrime

53:30 Quantum Computing and Cryptography

55:51 Conclusion and Final Thoughts

Open Security: https://opensecurity.com/
Watch Matt hack his own bank account: https://www.youtube.com/watch?v=_UuBXIzo_kM