Legacy systems are riddled with outdated and unreliable cryptographic standards. So much so that recent proprietary research found 61 percent of the traffic was unencrypted, and up to 80% of encrypted network traffic has some defeatable flaw in its encryption No longer can enterprises take their cryptography for granted, rarely evaluated or checked. Knowing when, where and what type of cryptography is used throughout the enterprise and by which applications is critical to your overall security policy, zero-trust approach, and risk management strategy. After all, zero-trust is meaningless if your cryptography isn't working. Segment Resources: https://www.businesswire.com/news/home/20231030166159/en/Proprietary-Research-from-Quantum-Xchange-Shows-the-Dreadful-State-of-Enterprise-Cryptography https://www.forbes.com/sites/forbestechcouncil/people/vincentberk/?sh=3d88055852c1 This segment is sponsored by Quantum Xchange. Visit https://securityweekly.com/quantumxchange to learn more about them! This week, we discussed how a quick (minutes) and cheap ($15 a pop) fake ID service creates VERY convincing IDs that are possibly good enough to fool ID verification services, HR, and a load of other scenarios where it's common to share images of an ID. Kudos to 404Media's work there. In the security market, we discuss who might be the first cybersecurity unicorn to go public in 2024, Oasis Security and Tenchi's funding rounds, Protect AI's acquisition of Laiyer AI and their FOSS project, LLM Guard. We discussed the seemingly inevitable M&A activity as unfunded security startups NEED to find a sale. Ross Haleliuk had an interesting LinkedIn post that goes deeper on this topic. Finally, we discussed Tyler's observation that Palo Alto Networks did the seemingly impossible - increased their valuation from $19B to over $100B in 5 years, despite having to weather a pandemic and market downturn along the way! Ryan pointed out that PANW joined the S&P 500 somewhere along the way - a watershed moment for them. We discussed Bluesky and how it's likely too little too late when it comes to building back the community we lost when much of the InfoSec community left Twitter. We also discussed a cybersecurity training scammer, Daniel Miessler's new Fabric tool, AnyDesk getting hacked, The Real Shim Shady vuln, new (voluntary) cybersecurity goals for healthcare, and the lack of toothbrush-enabled DDoS attacks! Full show notes here: https://www.scmagazine.com/podcast-episode/3061-enterprise-security-weekly-349 Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-349