- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Venture Capitalists Take Note of Cybersecurity Spending
Venture capitalists have been taking note of the rapid influx in cybersecurity spending.
Venture capitalists have been taking note of the rapid influx in cybersecurity spending.
According to an article on the MIT Technology Review:
With cyberattacks getting worse, the urgent need today is for faster responses, smarter technologies, and wider encryption. VCs are hoping to get a piece of companies’ increased spending on cybersecurity. In 2014 Gregg Steinhafel, the CEO of Target, became the first head of a major company to lose his job over a data breach. Now, worried company leaders are giving their security units a “blank check,” says Scott Weiss, a general partner who specializes in security at the venture capital firm Andreessen Horowitz: “The CEO has said, ‘Look, whatever you need, you’ve got.’”
Today’s advanced threats are much too sophisticated for traditional tools like antivirus software and firewalls. Not wanting to buy obsolete products, security executives are increasingly venturing into agreements with cybersecurity startups. To Weiss and other venture investors, that kind of customer demand is an investment opportunity. According to CB Insights, the global VC community poured a record $2.5 billion into cybersecurity companies in 2014, a strong year for IT startups in general and software in particular. Security companies raised another $3.3 billion in 2015.
The problems these startups are trying to solve are complex. The bad guys do have better weapons, but business systems are also becoming vulnerable in new ways. Businesses are relying more on cloud services and connecting more “things” to the Internet, and their employees are using more connected devices.
Click here to read the full article on the MIT Technology Review.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.