Cybersecurity is now battling a human problem just as much, if not more, than a technical one. According to Verizon’s 2021 Data Breach Security Report, 85% of successful cyberattacks now involve a human element. Combine that with the fact that even the very best technology can only thwart about 93% of attacks and that leaves a large hole in an organization’s basic security hygiene. This has led to a growing demand for ongoing educational programs that rely on behavioral science to measure and manage cybersecurity risk as a distinctly different solution from generic, one-size-fits-all training programs.
In the enterprise security news, SentinelOne and Crowdstrike reinvest in the security market, Malwarebytes raises $100M, Ox Security raises a $34M Seed round??? Jamf acquires ZecOps, New startups looking to improve Code Reviews…Outsource questionnaires…provide consumer privacy awareness…Federal security funding for state and local governments, New software supply chain attacks, Microsoft Windows slaps your hand when you try to update passwords.txt, and stick around until the end, when we talk about a New Jersey Deli with a $100M market cap!
This is a recurring segment, in which we bring on a VC to provide an investor’s point-of-view on all this activity. It’s hard to imagine a better investor to join us than Will Lin, co-founder of Forgepoint, one of the few VC firms that exclusively invests in cybersecurity startups.
- How, the last time we had Will on (20 episodes ago, ESW 270), we were asking about huge valuations and potential market resets/corrections. Well, it seems that day arrived. What now?
- Crowdstrike and SentinelOne are active investors with their own funds now. Is this a new trend, or are we just now noticing it? What does it mean for the larger market and for founders looking to raise?
- We've had guests on to discuss enterprise browsers, and DSPM - what hot markets should we target next?