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Protecting Your Business from Ransomware

South Carolina Business Review logo

When the City of Atlanta was hit with a ransomware hack in 2018, it cost local taxpayers $17 million while operations were restored over the next several months.  Our next guest says that cybercrime, ransomware in particular, is estimated to cost businesses and cities $2 trillion this year, and he says this is because these attacks are not widely publicized, catching most everyone off guard.

Mike Switzer interviews Rob Cheng, is a cyber security expert in Myrtle Beach, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.