What the AI Labs Are Really Doing With Your Data

About this episode

Sandy Kronenberg has started two companies from nothing. The second time, on a credit card he wasn't sure his dad would let him keep using.He's also spent the last three years watching AI turn old school fraud into something faster and harder to catch. A finance worker in Hong Kong wired close to $30 million after 17 video calls with someone who looked and sounded exactly like his CFO. He wasn't.Sandy built a company called Netarx to catch that kind of thing before it happens, a tool that puts a traffic light on your screen during any call to tell you if the person on the other end is real. Along the way he's run into North Korean operatives applying for remote jobs, water utilities with China already inside their networks, and a theory he calls the biggest heist of the century. Not the kind anyone's going to jail for.What we covered: → How a British construction firm lost $25 million to a deepfake video call → Why he started his first business on his dad's credit card → North Korean operatives getting hired as remote IT workers → Why water utilities have become one of the softest targets in the country → What he means by "the biggest heist of the century" → What happens to jobs and cars over the next ten yearsEvery person on a call today should probably be asking themselves if the face on the other side of the screen is actually who it says it is.Thanks to Sandy for carving out the time to go deep on all of this with me. There's a lot here worth sitting with.Chapters00:00 Intro02:17 The $25 Million Deepfake Heist05:11 Why Humans Are the Weakest Link in Cybersecurity06:54 Starting a Company on His Dad's Credit Card13:51 From a $65 Million Exit to a Wall Falling Down21:19 Building Netarx and the Deepfake Detecting "Nick"25:44 North Korea Is Getting Hired Into Your Company30:53 Why Water Plants Are Becoming the Softest Target36:52 The Biggest Heist of the Century1:00:52 Cars, Jobs, and the Next Ten Years~~~Connect with Matthttps://www.linkedin.com/in/mattloria/https://www.facebook.com/mattloriahttps://www.instagram.com/loriamatt/Prefer to Listen?https://pod.link/1742631726This episode is powered by Auxiom.Finally ready to outsmart your IT chaos?https://auxiom.com/https://www.linkedin.com/company/auxiom-llc