Recent News Coverage Focused on Cybersecurity Strategy, Trends, and Venture Capital Funding

September 19, 2022

The challenges surrounding cybersecurity leadership recruiting in 2022 are multi-faceted. As reflected in a recent ISACA survey, there is a severe cybersecurity talent gap in the United States, with companies and organizations often struggling to identify and secure the cyber leaders they need to successfully defend against cyberterrorists and other digital threats that have emerged in recent years. More than 60-percent of survey respondents report that their cybersecurity teams are understaffed, and 55-percent report having currently unfilled cybersecurity leadership positions. Even those companies whose cyberteams are fully staffed are having to manage additional levels of risk created by the expanding work-from-home reality brought on by the pandemic.
Addressing this problem will require an all-hands-on-deck approach. Schools need to engage more children in STEM studies at an earlier age. More universities need to follow the lead of Le Moyne College and establish cybersecurity majors and minors. Companies and organizations need to be more proactive in developing and mentoring young cyberleadership talent, and, working together with cybersecurity recruiting firms, they must deploy strategies to build larger and more diverse candidate pools from which to choose.
As one of the nation’s premier cybersecurity recruitment agencies, we are specialists in securing the most experienced and talented cyber leaders – both active and passive – to help keep your organization and its people safe.  We deliver critical team members, including Chief Information Security Officers (CISOs), Business Information Security Officers (BISOs), Chief Revenue Officers, Chief Security Officers, Chief Product Security Officers, Chief Technology Officers, and many others to organizations across myriad industries including energy, financial services, oil-and-gas, philanthropy, security detection and response, and transportation.

News coverage of the current cybersecurity landscape provides additional insights and perspectives to guide your company’s cybersecurity strategy. A compilation of recent news articles is listed below.

VC Funding Update
September 19, 2022

Congratulations to all the organizations that received funding last week!

SessionGuardian with funding from Phase 2 Investments

Open Raven with funding from Pelion Venture Partners

SaaS Alerts with funding from Insight Partners

Fortanix with funding from Goldman Sachs Growth Equity

Dig Security with funding from SignalFire

CYREBRO with funding from Koch Disruptive Technologies (KDT)

#privateequity #venturecapital #humanresources #CEO
Security Magazine
“4 ways organizations fail to address cybersecurity risk”
September 14, 2022

“Ninety percent of security leaders believe their organization is failing to adequately address cybersecurity risk, according to a survey of information technology (IT) and security leaders.

“The 2022 Security Priorities Study, released by Foundry (formerly IDG Communications), looks at the security-related priorities IT and security leaders are focused on now and in the near future. In its sixth year, the study shares insights into the security structure of organizations, perceived risks, continued challenges and investments being made to better secure organizations.”

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SecurityWeek
“Cybersecurity M&A Roundup: 41 Deals Announced in August 2022”
September 8, 2022

“Forty-one cybersecurity-related M&A deals were announced in August 2022.

“An analysis conducted by SecurityWeek showed that more than 230 mergers and acquisitions were announced in the first half of 2022.”

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Security Magazine
“Cybersecurity ranked most serious enterprise risk in 2022”
August 31, 2022

“Uncertainty has become a business standard in 2022, with enterprise leaders feeling cautiously optimistic about their ability to navigate future economic, social and geopolitical uncertainty.

“A survey of more than 700 U.S. executives by PricewaterhouseCoopers (PwC) identified top enterprise risks observed in 2022.”

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VC Funding Update
August 29, 2022

#VC $$ are making a big impact on the #CyberSecurity market.

Congratulations to Quirv which received funding last week from Infinity Ventures Crypto (IVC) !

#privateequity #venturecapital #humanresources #CEO #ExecutiveSearch #ExecutiveRecruiters
VC Funding Update
August 22, 2022

#VCs & #PrivateEquity groups are investing in innovative #CyberSecurity #StartUps & #GrowthStage companies showing great promise in the market.

Congratulations to all the organizations that received funding last week!

ThreatX with funding from Harbert Growth Partners

SynSaber with funding from SYNVentures

Closinglock with funding from LiveOak Venture Partners

Aceiss with funding from Canaan Partners, Connecticut Innovations & Insight Partners

#privateequity #venturecapital #humanresources #CEO
Security Magazine
“Key traits of security leaders in cyber resilience”
August 16, 2022

“Based on a survey of more than 4,700 executives globally, Accenture’s State of Cybersecurity Resilience 2021 study explores different types of leaders in cyber resilience. Due to the rapid increase in high-profile attacks and the sheer complexity of handling cybersecurity demands, Accenture also tested what difference it made to cyber resilience if there was a stronger alignment between cybersecurity practices and business strategy.”

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Help Net Security
“Why it’s past time we operationalized cybersecurity”
August 15, 2022 

“Enterprises are investing more in cybersecurity than ever before, but we’re also seeing a record number of breaches. More than 5.1 billion pieces of personal information were reported stolen last year, and the average cost of a breach has climbed to $4.35 million… 

“It can’t be denied that cyber criminals have become more organized, and more advanced tools and tactics are increasingly accessible. But the real reason all those billions of dollars aren’t making an impact on the number of breaches is that, often, the money isn’t being spent in the right way.” 

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SecurityIntelligence
“With Cybersecurity Retention Concerns Rising, How Can You Stay Competitive?”
August 10, 2022 

“As new cybersecurity concerns increase, businesses also face an uphill battle to retain the talent needed to keep their data safe. A recent State of the Cybersecurity Workforce study reported that 43% of organizations saw an increase in attacks in the last year. It’s even more challenging to deal with this when they are constantly filling open positions. That means inexperienced workers or not enough people handling the infrastructure. 

“A key finding from the report was that 60% of respondents have issues retaining cybersecurity workers. That’s a 7% increase from last year. Plus, 63% of respondents have open positions. The survey included multiple industries, with 25% of respondents in the technology services/consulting industry, 21% in finance and 16% in the government.” 

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SecurityWeek
“Cybersecurity M&A Roundup: 39 Deals Announced in July 2022”
August 3, 2022 

“A total of 39 cybersecurity-related mergers and acquisitions were announced in July 2022. 

“SecurityWeek has also conducted an analysis of the deals announced in the first half of the year. We have cataloged 234 cybersecurity M&A deals, with a surge observed in the first half of June.” 

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DARK Reading
“5 Ways Chess Can Inspire Strategic Cybersecurity Thinking”
August 3, 2022

“The world of cybersecurity is not so different than a high-stakes chess game. In chess as in cybersecurity, players must outsmart their opponents, capitalize on their weaknesses in a timely and strategic manner, and think numerous steps ahead. As the need for cybersecurity grows in our increasingly digitized world, these skills will become more and more in demand.” 

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Cybersecurity Dive
“Tips for translating cyber risk into board-friendly language”
August 1, 2022 

“CISOs finally have a seat at the table. Recent high-profile cyberattacks have forced C-suites to pay close attention to cybersecurity, elevating the role of the CISO. But this new rise to prominence doesn’t mean CISOs are exactly seeing eye-to-eye with their boards. 

“One reason behind this growing disconnect is the difference in perspectives: CISOs and board members often do not speak the same business language.” 

READ MORE
VC Funding Update
July 18, 2022

In these challenging economic times, the #CyberSecurity sector remains vibrant – in part thanks to the #VCs that continue to invest in #StartUps & #GrowthStage companies.

Congratulations to all the organizations that received funding last week!

Bishop Fox with funding from Carrick Capital Partners
Cysiv with funding from Advent International, Crosspoint Capital Partners, & Forescout Technologies Inc.
cStor with funding from Alerion Capital Group, MicroAge, and NewSpring Growth Capital IV LP
Sumatra with funding from S3 Ventures
VantagePoint with funding from Crosslake Technologies & Falfurrias Capital Partners

On the M&A front – these deals closed last week –

Cloudastructure, Inc. completed its acquisition of Infrastructure Proving Grounds & NetGain Technologies, LLC completed its acquisition of easyIT
Forbes
“How CEOs Can Make Diversity And Inclusion A Priority”
July 14, 2022

"Diversity, equity and inclusion has taken center stage on many corporate agendas. This has been driven largely by increased social justice pressure from investors, boards, media and society, but it is important to remember that diversifying your workforce is not only the right thing to do, it makes good business sense, too. Research has shown that focusing on DEI leads to increased innovation, better business outcomes and increased workplace effectiveness. Yet while CEOs know DEI can add value, the majority admit they’re struggling with how to make these important changes.”

READ MORE
VC Funding Update
July 11, 2022

In these challenging economic times, the #CyberSecurity sector remains vibrant – in part thanks to the #VCs that continue to invest in #StartUps & #GrowthStage companies.

Congratulations to all the organizations that received funding last week!

Coalition, Inc. with funding from Allianz X, Kinetic Partners Management, & Valor Equity Partners
Swimlane with funding from Activate Capital Partners
Theori with funding from Dunamu & Partners, Hana Bank, K2 Global Ventures, & Naver
VC Funding Update
June 27, 2022

In these challenging economic times, the #CyberSecurity sector remains vibrant – in part thanks to the #VCs that continue to invest in #StartUps & #GrowthStage companies.

Congratulations to the organizations that received funding last week!

Veza with funding from Accel, Bain Capital, Ballistic Ventures, Blackstone, Dheeraj Pandey, Enrique Salem, GV, Joseph Montana, Karthik Rangarajan, Kevin Mandia, Lane Bess, Lars Dalgaard, Manoj Apte, Niels Provos, Norwest Venture Partners, True Ventures
Allthenticate with funding from Amplify.LA, Emerging Ventures Capital, Ping Identity, Silverton Partners
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