Masters in Business · Friday, July 17, 2026
Jason Wenk stated that modern custodians can better defend against cyber threats by building security protocols from the ground up. He contrasted this with older institutions relying on legacy systems, which he believes present hundreds of critical vulnerabilities. Wenk emphasized the importance of modern multi-factor authentication and even eliminating higher-risk methods like phone calls.
“If you're working on a you know, fifty year old tech stack, and we see this with like the latest anthropic model, these kind of methos, you know, connected models, where you know, they sit it on top of some you know, legacy infrastructure and they'll find, you know, hundreds of critical vulnerabilities that no human being could have ever identified because the codebase essentially one giant, monolithic code based like it is just like this huge albatross that these companies have been dealing with for decades.”
“So yeah, it's a huge risk. If I was running a giant old bank or brokerage, I would have the same probably primary paranoia.”
“If you're building today, you know, the best defense is oftentimes a strong offense, So why not just build again in first principles, a bunch of protocols to make it much harder for bad actors to even get in the door.”