In this episode of the "Smarter Payments" podcast by Corpay, Brennan Robison, Director of Corporate Communications, interviews James Edgar, Corpay's Senior Vice President and Chief Information Security Officer, about cybersecurity strategies for companies. Edgar highlights the increasing frequency and sophistication of ransomware attacks, noting that 40% to 80% of companies pay the ransom. He discusses his extensive career in cybersecurity, spanning over 20 years, and his current role at Corpay.
Edgar explains the growing number of cyber-attacks, often state-sponsored and linked to geopolitical tensions. He emphasizes the importance of strong cyber defenses and compliance with evolving regulations, such as the SEC and PCI standards. AI's role in cybersecurity is also explored, with Edgar describing how it can enhance threat detection and reduce workloads.
The conversation touches on the critical role of employees in cybersecurity, urging vigilance and awareness. Edgar concludes with tips for combating cyber threats, including diligence in email handling, adherence to policies, and flexibility in adopting new controls. The episode underscores the importance of a proactive and comprehensive approach to cybersecurity in today's environment.
