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.