Dan Schulman Quotes


Most devices have been hacked in some way and are part of - part of a botnet network that can come after you in DDoS attacks.


Citations

Schulman, Dan. Interview. CNBC Squawk Box, CNBC, 24 Oct. 2016.

Related Quotes

There is a constant race between the developers of hacking and cyberattack software and the developers of security and protective software.


Many computer experts and security operatives view this kind of advice and strategy as counter-productive as there are some computer security extremists who so harden computer systems and networks that they function poorly and cause really harmful operational problems. The classic case was the FBI agent in Minnesota who before 9-11 had information that Muslims foreigners were taking flying lessons. She wanted to get the information to the national security FBI people, but she was not allowed to send the information by e-mail. Instead she had to use a "secure" system that was much slower and could not be viewed by the people who might have been able to connect the dots and do something about it. The FBI has now a better balance between functionality and security, but it is a good example of how "security fanaticism" can make us less safe.


Ironically, it was the case that there was even more hacking that was motivated by people who just wanted to prove that they could ‘breach a system’ and the more an organization claims that its data is secure, the more motivation there is for these hackers to demonstrate their prowess.


Dan Schulman
Dan Schulman
  • Born: January 19, 1958
  • Nationality: American
  • Profession: Businessman

Daniel H. Schulman is an American business executive. He is president and CEO of PayPal, formerly serving as group president of enterprise growth at American Express. The former president of Sprint's prepaid group and the founding CEO of Virgin Mobile, Schulman was responsible for American Express' global strategy to expand alternative mobile and online payment services, form new partnerships, and build revenue streams beyond the traditional card and travel businesses.