Despite the more than one hundred billion dollars spent each year fighting cybercrime, when we do an end of year lookback and ask, “how did we do,” the answer is invariably the same-- worse than last year. Pre-pandemic the picture was disheartening. But since March of 2020 the situation has only worsened as cybercriminals have become increasingly sophisticated, better funded and more brazen. Secops pros continue to fight but unlike conventional wars, this one has no end. The flip side of course is that markets continue to value cybersecurity firms at significant premiums because this huge market will continue to grow by double digits for the foreseeable future.
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Breaking Analysis with Dave Vellante