Cybersecurity Investment Trends Discussed at March Event

Cybercrime cost the world almost $1 trillion in 2020 as the coronavirus pandemic provided new opportunities for hackers to target consumers and businesses. Despite a surge in crime, many companies lack a clear plan for dealing with cyber attacks. Gartner predicts that annual global spending on cybersecurity will reach $170 billion by 2022. Even with these ever-increasing levels of organizational spending on security-related hardware, software and services, cyber attacks continue unabated. The average total cost of a data breach is $4.24 million and dwell time is 287 days. This session focused on venture capital investments and mergers and acquisitions trends in security, innovative segments that are attracting investors, how investors are evaluating security startups, recent exits and post-initial public offering performance.

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