Episode 11: The Cybersecurity Wake-Up Call Private Markets Can't Afford to Ignore

In this episode, Ray joins host Mike Langford and 6lock CEO Todd Sorrel for a conversation that's equal parts eye-opening and practical. Ray breaks down exactly how attacks happen — from the 800-pound gorilla nobody wants to deal with (email) to double extortion ransomware to AI-powered voice cloning that can fool every single person in your office. He also shares what firms are still getting catastrophically wrong, the two security measures that stop 99% of account takeovers, and why your most vulnerable link might not be inside your firm at all.

In this episode:

• Why bad actors go to work every day with a suitcase — and have performance reviews
• The sales meeting where Sigma's prospect got hacked in real time, mid-pitch
• Email is still the 800-pound gorilla — and most firms are running payments straight through it
• Phishing-resistant MFA and trusted device enrollment: the two things that actually work
• How Ray's team used an AI voice agent to trick client employees — and what it revealed
• The pizza place hack: why attackers always go after the weaker link
• Double extortion ransomware, whether to pay, and what to have in place before it happens
• "Data is the new oil" — and what that means for how you use AI in your business today

Chapters:

05:26 - A CISO's Origin Story

14:01 - The Front Lines of Cybersecurity

18:34 - Email - The 800-Pound Gorilla

25:37 - AI as a Double-Edged Sword

35:00 - Practical Defense / Weak Links

36:46 - Data as the New Oil

Connect with Ray Mitchell:
LinkedIn: linkedin.com/in/rayamitchell
Sigma Information Group: sigmainfo.com