"Companies are LOSING the cyberwar," Ellison said during the second of his two keynote addresses at the Oracle OpenWorld customer conference last night in San Francisco. "But think about it: companies have to defend themselves against not only nation-states who are stealing their data [long pause as he gazes at the audience] but also VERY sophisticated cybercriminals who are stealing their data," Ellison said. "Equifax has been called before Congress to testify and explain what happened—this is very, very embarrassing; this is headline news," Ellison said. And the business world had better wake up and realize that these potentially crippling assaults are premeditated, deliberate, and coordinated. (You can see Ellison's entire keynote address on cybersecurity by clicking here and then selecting the video described as "Larry Ellison Oct. 3 keynote.")

Source: Forbes October 04, 2017 15:22 UTC