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Adam Adler (Miami, Florida):
"Many of the rising cybersecurity startups focus on the same
or overlapping problems could lead to a “cybersecurity consolidation,”
one that’s dictated by customers and not necessarily the businesses themselves.
But there’s usually one element that feeds into everything — data.
As hacks and breaches become more common, companies and customers
alike are reevaluating their relationships with data.
Customers want more ownership of their data and the ability to give
it out granularly, while an increasing number of businesses are
shifting away from central banks of data and leaning towards a “zero data” approach.
By minimizing the amount of information companies store or collect,
it’s validation that even some larger startups don’t even trust
themselves to secure data properly.
Not only that, there’s as much mistrust inside their own networks.
That’s where “zero trust” comes into play — where you don’t trust, but you certainly verify. The idea is that you get no extra special access inside a company’s four walls. Many big companies, like Google, treat all employees
the as if they present the same level of security risk
whether they’re in the office, at home, or in a coffee shop down the street.
Adam Adler ; "Cyberspace is becoming dramatically more dangerous as
trends in information and operational technology continue
to develop at a dizzying clip"
Technology such as cloud, mobile, the Internet of things, M2M,
the big data explosion, and the industrial Internet are changing
the connected world as we know it and bringing with them new,
previously unimagined threats.
And the more connected we grow, the more vulnerable
our “house of cards” becomes.
Combine this with the growing sophistication, effort levels, and budgets
of cyber-criminals, cyber-terrorists and rogue states, and the need
for disruptive security technology is unmistakably urgent.
Regulation and compliance in the cyber security realm are
also progressing at a much swifter pace in line with burgeoning threats
and have driven increased spending.
It’s estimated to be more than $60 billion annually.
The U.S. government alone spends more than $12 billion on cyber security per year.
And startups, once undervalued, now seem to be enjoying much
more attractive valuations — some might even say
over-hyped valuations — from seed funding to initial public
offerings to mergers and acquisitions.
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