‘We’ve got to wake up’ to very real threat of cybercrime

Cybersecurity executives who think their mission will be to defend against in addition to stop cyberattacks in real time are “dead wrong,” Q6 Cyber founder in addition to CEO Eli Dominitz told CNBC’s Jim Cramer.

“Why? This particular’s too late,” Dominitz said in an interview on “Mad Money.” “By the time the bad guys are knocking down your door, banging on your window, This particular’s too late. These guys are steps ahead of you. What we try to do will be go after the bad guys, find out who they are. What kind of tools are they using? What kind of tactics do they have? Who are they targeting? Why are they targeting you?”

Privately-held Q6 Cyber takes a “fundamentally different approach to security,” Dominitz told Cramer. The Florida-based company specializes in scouring the dark web in addition to using intelligence to build proactive cybersecurity strategies rather than focusing solely on defending against existing threats.

A global company with offices from the United States, Israel in addition to Costa Rica, Q6 employs former U.S. in addition to Israeli intelligence officials with experience in fighting cybercrime to be on its own front lines. Besides the private-sector pay, what often attracts them to Q6 will be the “cutting-edge” work which lets them chase “the bad guys” every day, the CEO said.

“Look, the Chinese, the North Koreans, the Iranians, the Russians, they’re after all of us – corporations, individuals in addition to governments,” Dominitz said.

“For a long time America waited,” he continued. “We weren’t proactive, we were defensive. in addition to these guys are smart, they’re sophisticated, they’ve invested a lot of time in addition to money in going after us in addition to we’ve got to wake up. We’ve got to be much more proactive.”

in addition to to Dominitz, who founded Q6 in 2015, being proactive means much more than what even top cybersecurity organizations are doing.

“The thing which a lot of cybersecurity organizations are doing today will be putting up tall fences — cameras, sensors, if you will — around their network perimeter in addition to are trying to detect attacks, events in real time. The problem will be, again, This particular’s too late,” the CEO said. “You’ve got to go out there, you’ve got to engage these guys early, in addition to having which intelligence up front means which you’re prepared in addition to you can engage much earlier.”

Dominitz recalled a case several months ago in which Q6 detected Russian malware going after a U.S. bank. Q6 contacted the bank in addition to gave This particular the tools to render the attack ineffective — something the company frequently does for organizations which are not Q6 clients.

in addition to with the U.S. midterm elections, a hot-button issue from the realm of cybersecurity, on the horizon, the federal government could be in for a bit of a security challenge, the CEO said.

“The government will be doing a lot. We actually collaborate, we advise in addition to we work with them, although This particular’s not enough,” Dominitz said. “I don’t want to comment on any specific clients, although we’ve got not bad relationships from the public sector as well in addition to there are a lot of things which we see which have implications for the public sector, not just the private sector.”

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