Boom Bust Season 2 Episode 144 Schneier: Turn Data Over to Those With Greatest Data Security Knowledge

The episode "Schneier: Turn Data Over to Those With Greatest Data Security Knowledge" of the show Boom Bust season 2 is a thought-provoking discussion about the importance of data security in the modern world. Guest speaker Bruce Schneier, a well-known security technologist, emphasized that data security needs to be taken seriously, and companies should turn their data over to professionals who have the greatest knowledge in data security.

The episode starts with a brief introduction about the importance of data in the modern world. Data has become the lifeblood of businesses and governments because it helps them to make informed decisions that can affect millions of people at a time. However, with the advancements in technology, data breaches have become increasingly prevalent. As a result, companies and governments are facing mounting pressure from the public to take their security measures more seriously.

Bruce Schneier starts off the conversation by emphasizing the need to take data security seriously. He emphasizes that the risks associated with data breaches are not only financial but also reputational. Companies that have been hacked may face lawsuits, loss of revenue, and loss of trust from their customers. Bruce suggests that companies can reduce these risks by turning their data over to professionals who have the greatest knowledge in data security.

The conversation then moves on to the topic of who should be responsible for data security. Bruce highlights that currently, companies are responsible for securing their own data. However, the problem is that not all companies have the resources and knowledge to do so effectively. Therefore, he suggests that a third-party organization, such as a government agency or a security firm, should be responsible for securing data.

The discussion then moves on to the topic of data ownership. Bruce points out that currently, companies are the owners of their data. However, this can be problematic because companies may not always have the best interests of their customers or the public in mind. Therefore, he suggests that data ownership should be shifted to the public or a neutral third party to ensure that data is being used in the best interests of everyone.

The episode then concludes with a discussion about the role of transparency in data security. Bruce stresses that transparency is key in ensuring that companies and governments take the necessary steps to secure their data. He suggests that companies should be required to disclose any data breaches and the steps they are taking to prevent them from happening again.

Overall, the episode "Schneier: Turn Data Over to Those With Greatest Data Security Knowledge" is an insightful discussion about the importance of data security in the modern world. It highlights the need for companies and governments to take their security measures more seriously and turn their data over to professionals who have the greatest knowledge in data security. The episode also emphasizes the importance of transparency in ensuring that data breaches are prevented and that companies are held accountable for securing their data.