tmc3 have reported that CTO of National Cyber Security Centre, Ollie W. has given a bleak overview of the current security market - he feels we possess the knowledge to develop secure tech but the market fails to incentivise it. The tech industry’s approach to #cybersec is apparently a patchwork of temporary fixes that merely covers up deeper vulnerabilities. He goes on to say that a fundamental change in the market is needed where firms choose long-term quality over short-term gains with incentives for prioritising the development of innovative and robust solutions. I mean it's saying a lot without saying much isn't it? It's economically and technically unviable for businesses to be a cybersec panacea. So it's for that very reason you see the likes of Check Point Software and Proofpoint and Netwrix Corporation grow through acquisition - so they can cover more bases. And I'm fairly certain the current #vc market would happily snap up a vendor that solves more than its fair share, especially considering more businesses are coming out with more innovative solutions which solve more than just a subset issue e.g. hackurity.io.
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#Cybersecurity funding in Q2 has jumped to $3.3Bn, a 71% increase from Q2 2023. This has been driven by funding for early stage #startups. Seed and Series A fledglings received 55% of funding volume for this Q demonstrating how competition and innovation are driving growth in the sector. While these figures haven’t quite reached the high expectations of previous years, it’s clearly a sign that #Security solutions utilising the newest tech (cough AI cough) to bolster posture will be plied with resources.
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ExactTrak Ltd have just grabbed £1 million in funding to add to a partnership with Dell Technologies and a contract with the UK government for their remote physical data destruction solution. Hardware-based approaches to #datasec are coming back, this one holds 19 patents, including a ‘Mission Impossible��� product that allows for remote physical memory destruction within three seconds. Pretty awesome.
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Cavero Quantum have just pocketed a handy £2.2M in funding for their quantum passwordless secure cryptography solution. With the backing of VC vets like Foresight Ventures and Northern Gritstone, they intend for their tech to replace #MFA and one-time passwords for all systems. Following their inception from the University of Leeds incubator, Cavero have been on a steady growth path, and with experienced figures in their ranks, they look ready to push on further. #startup
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Not familiar with the concept of Push Button Pentesting? Join this webinar on the 4th July. #pentesting #cybersecurity #startup
🚀 Unlock the Future of Cybersecurity with Push Button Pentesting! 🚀 We're excited to invite you to our upcoming webinar on Push Button Pentesting—a groundbreaking tool that represents a significant evolution in penetration testing practices. 🔍 Why Attend? ✅ Discover how Push Button Pentesting revolutionizes the way we approach security testing. ✅ Learn from industry experts about the latest advancements in penetration testing. ✅ See live demonstrations of the tool's powerful features and capabilities. 🔧 Push Button Pentesting simplifies and accelerates the testing process, making it easier than ever to identify and address vulnerabilities. Whether you're a seasoned cybersecurity professional or just starting, this webinar is packed with insights you can't afford to miss. 📅 Date: 4 July 🕒 Time: 11am CET 📍 Register Here: https://buff.ly/45zgEgs #cybersecurity #wearehackurity #pushbuttonpentesting
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I was just reading about PQShield’s recent Series B funding round of $37M for their cryptographic tools that defend against #quantum attacks. An Oxford based #cybersecurity startup focused on post-quantum cryptography solutions also advising organisations on quantum sec transition - what else would you want? With the backing of #VC monster Addition and plans to expand operations all over the world, PQShield are poised for rapid growth. #startup
Senior Architect at Fortanix | Cybersecurity Professional | Consultant & Technologist | Speaker & Author
1moInsightful take on cybersecurity market challenges! Long-term security over short-term fixes is crucial for innovation and resilience. Exciting opportunities ahead! Rowan S.!