Expert says technology alone cannot deter cyber risks

One of the dangers of cybersecurity breaches is that information can be stolen by hackers and not used or sold for several years. (Photo: Shutterstock)

I had the opportunity to hear Frank Abagnale speak at a recent IASIU conference in Baltimore. His teen years inspired the Steven Spielberg movie, “Catch Me If You Can.” While the movie romanticized his story, he does not want to be remembered for that part of his life.

He shared his true story and highlighted how vulnerable companies are to cyber risks. “Every breach occurs because someone failed to do something they were supposed to do, or did something they weren’t supposed to do,” he said.