WEBVTT

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<v Speaker 1>You know, think about logging into your online bank, or

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<v Speaker 1>maybe swiping your badge at work, getting into a secure area,

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<v Speaker 1>or even just hopping onto the office Wi fi. We

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<v Speaker 1>do this stuff all the time, right, but have you

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<v Speaker 1>ever stopped to think about what's really going on behind

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<v Speaker 1>the scenes, all the systems, the safeguards keeping things secure. Okay,

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<v Speaker 1>let's unpack this a bit. Today we're doing deep drive

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<v Speaker 1>into information systems auditing insecurity. And forget that old image

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<v Speaker 1>of like a dusty account. We're talking about the guardians

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<v Speaker 1>of our digital world. Our physical space is too. These

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<v Speaker 1>are the pros, often with certifications like the SISA that

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<v Speaker 1>certified Information Systems auditor who make sure our tech works

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<v Speaker 1>and crucially work safely. Our mission really is to get

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<v Speaker 1>inside the heads of these IS auditors. How do they think,

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<v Speaker 1>what risks are they looking for? And maybe uncover some

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<v Speaker 1>surprising ways they protect everything from your bank account to

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<v Speaker 1>the building you might be sitting in right now. We've

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<v Speaker 1>got a great cease of steady guide here as our source,

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<v Speaker 1>which gives us a fantastic shortcut into their world.

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<v Speaker 2>Yeah, and what's really key, I think is that it's

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<v Speaker 2>not just about hunting for mistakes already made. It's more

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<v Speaker 2>about understanding the whole tech ecosystem of an organization from

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<v Speaker 2>the ground up. The goal is building resilience, proactively thinking ahead,

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<v Speaker 2>not just reacting right.

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<v Speaker 1>So it's not just ticking boxes on a checklist. Auditors

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<v Speaker 1>are thinking about risk fundamentally. Our source gives us some

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<v Speaker 1>clear ways to define it. Often it's simplified down to

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<v Speaker 1>probability times impact. Makes sense. But there's another formula they use,

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<v Speaker 1>maybe a bit more vivid. Risk equals A times V

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<v Speaker 1>times T, so that's asset times vulnerability times threat. Let's

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<v Speaker 1>break that down real quick. Asset is anything valuable, could

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<v Speaker 1>be data, hardware, reputation, even people. Vulnerability that's a weakness

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<v Speaker 1>the organization can often control, like sloppy coding or forgetting

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<v Speaker 1>to patch. And threat is what might exploit that weakness,

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<v Speaker 1>often external stuff like hackers, malware, or even a flood. Now,

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<v Speaker 1>this AVT formula, it sounds neat, but is it always

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<v Speaker 1>that easy to put numbers on or is there some

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<v Speaker 1>art to it in practice?

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<v Speaker 2>Oh, that's great point. That formula gives a solid framework, definitely,

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<v Speaker 2>but quantifying each part that's where the skill the art

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<v Speaker 2>comes in. It really helps auditors pinpoint inherent risk, that's

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<v Speaker 2>the baseline risk before you put any controls in place.

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<v Speaker 2>Then they look at the controls and figure out the

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<v Speaker 2>residual risk, what's actually left over after those defenses. And

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<v Speaker 2>the big picture implication here is about focus, right, You

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<v Speaker 2>can't protect everything perfectly, so this helps channel resources attention

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<v Speaker 2>to where the risk is highest, which makes you think,

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<v Speaker 2>how do you assess risk in your own projects or

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<v Speaker 2>just daily life? Do you think about both how likely

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<v Speaker 2>something is and how bad it could be and what's

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<v Speaker 2>left after your precautions?

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<v Speaker 1>That makes total sense prioritization. So once you figured out

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<v Speaker 1>the risks, you need controls. Our Guide breaks these down

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<v Speaker 1>into types, which is really helpful for understanding how defenses

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<v Speaker 1>get layered. Let's start with preventive controls. These aim to

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<v Speaker 1>stop bad things before they happen. I think multi factor authentication,

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<v Speaker 1>good firewalls, or segregating duties so one person can't do everything.

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<v Speaker 1>Sense Are these sort of the bedrock?

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<v Speaker 2>Absolutely, they are the foundational layer. A strong preventive control

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<v Speaker 2>is always your best bet. Stops the problem entirely ideally,

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<v Speaker 2>but let's be real, nothing's ever one hundred percent fool proof,

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<v Speaker 2>so you can't just stop there.

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<v Speaker 1>You need backups, and that's where detective controls step in,

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<v Speaker 1>the ones that spot issues after they've happened, things like

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<v Speaker 1>security cameras, log monitoring, maybe even having solid business continuity plans.

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<v Speaker 2>Ready exactly, they're your warning system. If something gets past

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<v Speaker 2>the first wall, cag.

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<v Speaker 1>It quick, and then if something is detected, then.

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<v Speaker 2>You need corrective controls. These are about fixing it, restoring

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<v Speaker 2>data from a backup, patching that vulnerability someone exploited, maybe

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<v Speaker 2>revokeing access. It's the cleanup crew, basically getting things back

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<v Speaker 2>to a known good state.

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<v Speaker 1>We also have deterrent controls like a simple warning CCTV

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<v Speaker 1>and operation sign just making someone think twice. And finally,

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<v Speaker 1>compensating controls. These are clever workarounds when the main control

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<v Speaker 1>isn't practical, like maybe in a small company you can't

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<v Speaker 1>perfectly segregate duty, so you compensate with really thorough log reviews.

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<v Speaker 1>It's fascinating how they layer up. What I find really

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<v Speaker 1>interesting is how they work together. You might have a

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<v Speaker 1>security guard that's a deterrent outside a locked door that's

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<v Speaker 1>preventive if someone does get through the lock. Somehow, the

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<v Speaker 1>CCTV detective helps figure out what happened, and that leads

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<v Speaker 1>to actions to fix the vulnerability, corrective controls. It's like

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<v Speaker 1>this mesh of defenses. So with all these layers, what's

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<v Speaker 1>a common mistake or trap organizations fall into when setting

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<v Speaker 1>up controls.

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<v Speaker 2>Well, often it's focusing too much on the tech side

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<v Speaker 2>and forgetting the people aspect, or maybe investing heavily in

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<v Speaker 2>say firewalls, but leaving physical security week. Auditors are always

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<v Speaker 2>looking for those kinds of imbalances or assumptions that just

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<v Speaker 2>one control is enough when you really need that integrated

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<v Speaker 2>strategy that makes sense.

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<v Speaker 1>People are often the weakest link, aren't they. Okay, let's

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<v Speaker 1>shift focus. Now we've seen how auditors think about risk

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<v Speaker 1>and controls. Let's apply that to something familiar. Online banking

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<v Speaker 1>super convenient, right, But our source highlights a heavy dependence

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<v Speaker 1>on internet service providers and naturally big cyber risks like

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<v Speaker 1>hacking system down time and ensuring transaction integrity.

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<v Speaker 2>Right, that convenience factor brings in dependencies on external companies

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<v Speaker 2>which the bank doesn't directly control. That just broadens the

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<v Speaker 2>potential attack surface. So for an auditor, that means looking

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<v Speaker 2>closely at governance, at confidentiality, integrity, availability arrangements, how well

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<v Speaker 2>is security testing done? And like we all experience that

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<v Speaker 2>two factor authentication prompt, that's a classic powerful preventive control.

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<v Speaker 2>It really helps mitigate those risks run someone just stealing

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<v Speaker 2>your password, adds that vital second check.

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<v Speaker 1>Okay, let's wish from digital to physical for a moment. Yeah,

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<v Speaker 1>physical security might seem obvious locks on doors, but the

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<v Speaker 1>guide details some pretty sophisticated layers. Beyond standard dead bolts.

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<v Speaker 1>You've got combination locks need changing, often electronic card locks

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<v Speaker 1>which are easy to deactivate if for card is lost,

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<v Speaker 1>and for really critical places, biometric locks, fingerprints, iris scans.

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<v Speaker 1>But then there's this concept I FI fascinating dead man

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<v Speaker 1>doors or man traps. It's basically two doors in sequence.

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<v Speaker 1>The second door won't open until the first one closes

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<v Speaker 1>and locks behind you, and usually only one person is

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<v Speaker 1>allowed in that little space between the doors at a time.

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<v Speaker 1>It's a clever way to stop tailgating or piggybacking, someone

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<v Speaker 1>sneaking in right behind someone authorized. Like physical two.

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<v Speaker 2>Factors exactly, it forces single entry, and you combine that

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<v Speaker 2>with things like CCTV cameras strategically placed, making sure the

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<v Speaker 2>footage is kept long enough, maybe three months, as the

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<v Speaker 2>guide suggests, becomes a key detective control too.

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<v Speaker 1>And don't forget environmental controls. In places like data winners,

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<v Speaker 1>fire suppression is crucial, but the source points out a

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<v Speaker 1>really important safety risk with older systems like carbon dioxide

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<v Speaker 1>or a halon. They work by reducing oxygen, which is

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<v Speaker 1>obviously dangerous in a room where people might be working. Yes,

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<v Speaker 1>sufifacation risk, that's right.

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<v Speaker 2>Which is why for manned areas you now see safer

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<v Speaker 2>alternatives like FM two hundred or argonite gas. They suppress

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<v Speaker 2>fire without displacing oxygen to dangerous levels. It's that balance

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<v Speaker 2>once again, protecting assets and people.

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<v Speaker 1>So think about your own workplace for a second. What

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<v Speaker 1>physical controls, visible or maybe hidden, are protecting things data centers,

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<v Speaker 1>server rooms, even just your own desk. Now back to

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<v Speaker 1>the digital world for a bit. How do we prove

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<v Speaker 1>who we are online? Our sources talk about the three

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<v Speaker 1>classic factors of authentication. You probably use these constantly. First,

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<v Speaker 1>there's something you know, like your password or a pin number. Second,

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<v Speaker 1>something you have, maybe a physical token, a smart card

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<v Speaker 1>or that one time codes into your phone. And third

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<v Speaker 1>something you are biometrics fingerprint, face scan, IRIS scan, and

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<v Speaker 1>two factor authentication, which we keep mentioning just means using

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<v Speaker 1>a combination of two of those, like that digital dead

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<v Speaker 1>Man door for your login.

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<v Speaker 2>It significantly boosts security, no doubt. But then you have

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<v Speaker 2>things like single sign on sso super convenient, right, one

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<v Speaker 2>password for lots of apps. But what's the catch. Well,

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<v Speaker 2>the big disadvantage is it creates a single point of failure.

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<v Speaker 2>If that one SSO password gets compromised, uh oh, an

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<v Speaker 2>attacker potentially access everything it protects. It really highlights that

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<v Speaker 2>constant tension between making things easy for users and keeping

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<v Speaker 2>things secure.

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<v Speaker 1>Good point. And what about when data gets old, we

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<v Speaker 1>need to get rid of it securely just hitting delete

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<v Speaker 1>on your computer? Yeah, that doesn't really cut it. Our

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<v Speaker 1>source mentions degaussing basically using strong magnets to scramble data

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<v Speaker 1>on magnetic media like tapes or older hard drives if

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<v Speaker 1>you want to reuse them. But for truly ensuring data

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<v Speaker 1>is gone forever, especially sensitive stuff, physical destruction is listed

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<v Speaker 1>as the most effective way shredding pulverizing.

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<v Speaker 2>Absolutely for physical media you control, destruction is definitive, But

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<v Speaker 2>think about the cloud now or virtual machines gets more complicated,

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<v Speaker 2>doesn't it. Auditors now have to worry about secure logical erasure,

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<v Speaker 2>something called crypto shredding where you destroy the encryption key,

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<v Speaker 2>or verifying the cloud provider's disposal methods. It just shows

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<v Speaker 2>how deep this thinking has to go. Protecting data isn't

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<v Speaker 2>just about when it's live, but also making sure it's

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<v Speaker 2>securely retired.

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<v Speaker 1>Okay, let's move into the network. When you think network security,

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<v Speaker 1>you probably think firewall. But it's not just one monolithic wall.

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<v Speaker 1>It's a system with different types doing different jobs. You

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<v Speaker 1>start with basic packet filtering, just looking at addresses, but

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<v Speaker 1>then you get more advanced, all the way up to

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<v Speaker 1>application level firewalls. These are pretty smart. They don't just

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<v Speaker 1>check the address label. They actually look inside the package,

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<v Speaker 1>at the data content itself. Much deeper inspection, and there

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<v Speaker 1>are special ways to set these up special components, like

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<v Speaker 1>a bastion host. Think of it as a heavily armored

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<v Speaker 1>guard post. It's designed to be the only system that's

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<v Speaker 1>directly exposed to the public Internet. Everything else hides behind it, right.

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<v Speaker 2>It takes all the direct hits theoretically, and then you

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<v Speaker 2>have proxy servers. They act as a go between your

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<v Speaker 2>computer talks to the proxy, the proxy talks to the Internet.

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<v Speaker 2>This helps hide to your internal network structure and addresses

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<v Speaker 2>from the outside world.

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<v Speaker 1>And you combine these things the source flags, the screen,

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<v Speaker 1>subnet firewall often called a DMZ or demilitarized zone as

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<v Speaker 1>the most secure configure. This typically uses two firewalls, maybe

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<v Speaker 1>routers acting as firewalls, plus a bastion host in between,

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<v Speaker 1>creates layers.

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<v Speaker 2>Like an airlock exactly that. DMZ is a classic example

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<v Speaker 2>of defense and depth. You create this buffer zone. Public

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<v Speaker 2>services like a web server might live in the DMZ,

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<v Speaker 2>isolated from your really sensitive internal network. An attacker would

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<v Speaker 2>have to breach multiple layers to get inside. Auditors love

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<v Speaker 2>seeing well configured DMZs. They're checking not just that there

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<v Speaker 2>are firewalls, but how they're configured, how they work together.

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<v Speaker 1>Makes sense. Now, what about VPNs. Lots of us use them,

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<v Speaker 1>especially for remote work virtual private networks. They create that

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<v Speaker 1>secure encrypted tunnel over the public Internet, using things like

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<v Speaker 1>tunneling protocols and ip SEC for encryption. Sound secure, but

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<v Speaker 1>what are the risks?

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<v Speaker 2>Well, VPNs are great for confidentiality, but they post challenges.

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<v Speaker 2>One is that firewalls often cannot adequately examine encrypted VPN traffic.

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<v Speaker 2>So potentially maliciou stuff could tunnel right through your perimeter

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<v Speaker 2>defenses hidden inside that encrypted stream. Okay, and a really

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<v Speaker 2>significant risk is the endpoint device itself, the remote computer

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<v Speaker 2>connecting in. If that laptop is already compromised with malware,

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<v Speaker 2>it can just send that malicious code through the VPN

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<v Speaker 2>tunnel right into the organization's private network bypassing a lot

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<v Speaker 2>of defenses, Which leads to the question for you, the listener,

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<v Speaker 2>how secure is the device you use to connect via

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<v Speaker 2>VPN and is the VPN itself configured correctly? Because poor

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<v Speaker 2>configuration is another major risk area. Strong crypto doesn't help

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<v Speaker 2>if the setup is leaky.

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<v Speaker 1>Right, the tunnel might be strong, but what's going through

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<v Speaker 1>it or where it ends up matters hugely. Okay. Finally,

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<v Speaker 1>let's touch on Wi Fi security. Wireless is everywhere. How

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<v Speaker 1>do we lock that down? Our source mentions some practical

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<v Speaker 1>steps auditors look for. One is m MA filtering. This means

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<v Speaker 1>configuring the router to only allow devices with specific pre

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<v Speaker 1>approved hardware addresses MASc dresses to connect, kind of like

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<v Speaker 1>a guest list.

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<v Speaker 2>Yeah, it adds a layer. Then absolutely crucial is encryption.

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<v Speaker 2>The guide points to WPA two as the strong standard

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<v Speaker 2>you should be using. WPA three is even better now,

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<v Speaker 2>but WPA two is the minimum baseline. The scrambles the

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<v Speaker 2>data flying through the air, so eavesdroppers can't easily read it.

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<v Speaker 1>The guide also mentions disabling SSID broadcasting. That's hiding your

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<v Speaker 1>network name so it doesn't pop up automatically in lists,

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<v Speaker 1>so it knows. This isn't strictly necessary unless you're maybe

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<v Speaker 1>trying to avoid advertising a public hotspot. Security by obscurity

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<v Speaker 1>isn't super strong on its own.

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<v Speaker 2>True. And finally, disabling DHCP. DHCP automatically assigns IP addresses

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<v Speaker 2>to devices joining the network. Disabling it means you have

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<v Speaker 2>to manually configure the IP address on each device. It

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<v Speaker 2>makes it harder for an unauthorized person to just jump on.

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<v Speaker 2>A bit more hassle, but more control.

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<v Speaker 1>Yeah, these are all practical things, things auditors check and

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<v Speaker 1>things you can even check on your own home network,

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<v Speaker 1>understanding the why behind them. So we've covered a lot

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<v Speaker 1>of ground today, a real whirlwind tour through how I

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<v Speaker 1>auditors think, from breaking down risk into assets, vulnerabilities and

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<v Speaker 1>threat to building layered defenses with all those different types

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<v Speaker 1>of controls, we've seen how just one week spot a

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<v Speaker 1>missing control, a shared password, maybe an unpatched system can

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<v Speaker 1>cause big problems, and how layers from physical deadman doors

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<v Speaker 1>to complex firewall rules and VPNs work together to try

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<v Speaker 1>and keep things safe.

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<v Speaker 2>Absolutely, and the key takeaway, I think is that this

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<v Speaker 2>is never static. Technology changes constantly, threats evolve, but those

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<v Speaker 2>core principles know your assets, understand your weaknesses, layer your controls, preventive, detective, corrective,

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<v Speaker 2>and so on, those remain essential, Which maybe leaves the

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<v Speaker 2>final question for you, the listener. In our super tech

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<v Speaker 2>dependent lives, are we doing enough to think like these auditors,

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<v Speaker 2>do we really understand the why behind the security measures

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<v Speaker 2>we use or are we just sort of clicking accept

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<v Speaker 2>and hoping for the best.

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<v Speaker 1>A very important question indeed. Well thanks for diving deep

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<v Speaker 1>with us today on information systems, auditing, and security. Keep learning,

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<v Speaker 1>keep asking those white questions, and stay curious. Hopefully you

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<v Speaker 1>now feel a bit more informed about this really complex

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<v Speaker 1>but vital field
