2 Truths & a Lie: Venture Capital Frenzy Misses Cyber Security Mark
USA Today recently opined that the venture capital flooding into the cyber security marketplace is justified. Unlike the dotcom boom and bust cycle of the late 90s, it says, the current spending on securing information capital is justified, as the Internet and corporate networks are in dire need of better protection. Without even a moment’s hiccough, this is undeniably true.
Take some recent cases in point: China hacking into the New York Times and Wall Street Journal, or the Syrian Electronic Army cracking into the Associated Press and 60 Minutes. If you’re looking for corporate examples, look no further than the $45 million stolen by cyber thieves via MasterCard pre-paid debit cards. Cyber security is the new darling of the Obama administration, the media and Sandhill Road because all three are finally learning how much they have to lose (or in the case of VCs, gain) by ignoring cyber security.
