Cybersecurity

Cybersecurity industry has failed the market: CEO

Even as data hacks and cybercrime escalate, inflicting damage on governmental entities and corporations, cybersecurity companies shouldn't be ramping up their ammo.

"This is not a different type of attacker," said Tanium co-founder and CEO Orion Hindawi. "It's the same type of stuff we've been seeing for 20 years, just more of it."

Tanium, a California-based security start-up, is valued at $3.5 billion and counts Visa, Target and Amazon among its customers. Hindawi, who co-founded the company in 2007 with his father, said their success has come from avoiding the pitfalls of focusing on threats from other nations and large-scale security breaches.

"Our industry has really failed our market," he told CNBC. "We have, as an industry, been distracting people and have them focus on advanced threat and nation-states."