LAKE BUENA VISTA, Fla. — When it comes to getting breached, it's not a matter of if but when it will happen.
“Today, the idea of preventing a breach is impossible. Anyone who wants to target your organization, 100% can,” Robert Herjavec, one of the judges on the ABC television show “Shark Tank” told attendees at the National Association of Credit Union Service Organization's annual conference Tuesday at the Disney Yacht & Beach Club Resort in Lake Buena Vista, Fla.
“Smart companies think when there is a breach, nothing is taken. It's not your responsibility to never be breached but to minimize the amount of time,” Herjavec suggested.
Herjavec launched a computer company from his basement years ago and relaunched it as The Herjavec Group, which is now a $125 million managed security firm. With the recent breaches from entities such as Target, he said this is the golden age for his industry.
“From my perspective, it's not even the beginning,” Herjavec warned. “There are roughly 2.6 billion people on the Internet and roughly five billion IP addresses. By 2021, there will be five billion on the Internet and 343 trillion IP addresses. Everything will be connected.”
A first-generation immigrant born in a Communist country, Herjavec and his family moved to Halifax Canada, when he was 8 years old. He says he can see how consumerism is viewed in different countries based on his experience with the Canadian version of “Shark Tank” and now the American model. There are now versions of the show in 40 countries, he said.
That international reach brings home Herjavec's point that entries for cybertheft are getting wider
“Internet fraud and theft are the only kind of crimes someone can commit without physically being there. Do you think the U.S. is going to go after someone in Russia who stole your identity? It's never going to happen. What we should be worried about is state-sponsored cyber terrorism.”
Despite the latest cuts in the budget for the U.S. military, funding for two areas were not slashed: special forces and cyberterrorism, Herjavec said.
Read our complete conference coverage:
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'Shark Tank' Exec Says Expect to be Breached
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Secrets to Mortgage Lending Profitability
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