all right ladies and gentlemen on your
screen some of the retailers who will
report this week you know tough retail
earnings were a big catalyst in last
week's sell-off let's see what happens
this week
wait for it you know my next guest he's
a shark on shark tank
robert herjavec see i got the name right
here
right robert is our guest this morning
you're a businessman you get to know
these markets tell me do you think we're
close to a bottom on the stock market
yet robert
well we get to know the markets more
from an operator perspective less as an
investor and
what we're seeing on the market side is
we think there's still about 20 to 30
percent
of bottom to come and i think
from here from here down from here yeah
20 to 30 percent down because we think
what makes you say that i think there's
a lot of fun in the market fear
uncertainty doubt and what's happening
at the operator level small businesses
don't know what to do
interest rates are going up but the
bigger issue is getting workers i know
so many
businesses that we've invested in small
businesses they just can't get workers
they can't get people to show up it's
still a problem
so i think it's going to take a few
months for that to work itself through
the system that you run the second
largest cyber security company in the
world if i'm not mistaken correct and
the name of it is sydney sideris cyderis
i'm just i'm just giving you hard things
to pronounce i just want the wrong i
want a pronunciation to be right i'm i
was expecting a lot of attacks from the
russians
and i've not seen it have you well
that's because firms like us are doing
our jobs so they're actually i give you
a commercial right thank you very much
so yeah it's cyderis cyber defense and
response so there's there's two parts to
it one is defending yourself and the
other one responding to it what most
people don't realize is in the last four
years
52 percent of all tax have come from
russia
we have seen an increase in attacks
since the ukraine war but we haven't
seen the critical infrastructure here in
the united states yet so there are we've
been pinged but we've not been taken
down have they taken down any sector any
industry any company that you know of
um
not that we they're not that we can uh
talk about in a general sense but what
we are seeing is more critical
infrastructure hospital systems anybody
in america that has a legacy-based
infrastructure
needs to come up into the modern age you
know as the world has moved to the cloud
and everything's become digitized
people are being left behind and so
attackers are exploiting that delta
between old systems
and brand new technology how far down do
you come here i mean if you if you've
got a small business
and you'd be subject to hacking attacks
i presume
can they come to a company like yours i
mean can they do and can they afford to
come to a company like yours yeah that's
a great question so here's an
interesting stat 84 percent of consumers
that know a business has been
compromised will switch suppliers
and that's the real danger it's not just
brand reputation the average cost of a
cyber breach to an enterprise is 4.2
million dollars
but that's small compared to the damage
it does to your brand and to the
consumers so if you're a small consumer
our first recommendation is move to the
cloud
you should not be doing your own
firewall your own hosting urine anything
go to a cloud provider go in amazon go
to google cloud i mean google cloud's
whole pitch is that they're the most
secure cloud-based systems so we really
encourage
small consumers to move over to a cloud
and outsource find a service provider
that you can pay to take care of your
security in other words the cloud
business huge as it is can only get a
great deal bigger in the immediate
future yeah the cloud is going to change
everything we know about computing what
people don't realize about covid covet
was the greater greatest accelerator of
business cycles in history everything
that's happening now cloud e-commerce
digital infrastructure we all knew that
was going to happen
we didn't think it was all going to
happen in two years and so you've really
got to get ahead of that and move your
business there
robert herjavec did i get it right you
did thank you thank you evans
it was a real pleasure having you on the
show i do hope you'll come back i will
thank you you're going to get a lot of
street recognition when you walk outside
here you'll get mobbed i love new york
yes sir thanks for being it