Cybersecurity

The cybersecurity sector is booming — but so are our enemies

What’s been more beneficial for the U.S. economy? President Trump and his economic policies — or China and Russia? At least for the cybersecurity sector, many firms should be thanking our adversaries for a growing business.

Several cybersecurity startups are making tremendous gains in this field, despite some setbacks in IPOs (Initial Public Offerings) and investor anxiety. The recent announcement by CrowdStrike shows the seriousness of digital warfare: The latest Silicon Valley unicorn (startups with a valuation over $1 billion) just raised $200 million to achieve a $3 billion valuation. That’s a whole lot of zeros for a business that’s about ones and zeros.

Combined with two other rising superstars, Tanium and Tenable, billions of dollars are in play to defend and protect our growing reliance on connecting everything to the internet. Even Symantec, which recently was hit hard by an audit investigation, is still a force to be reckoned with. Especially with the latest discovery of yet another threat-actor with a very insidious approach.