We’re seeing an influx of international players — Cryptzone, CyberArk and SaltDNA — choose the Bay State as their U.S. headquarters. And as BetaBoston reports, "This could be a big year for The Future of the Boston cybersecurity industry with Bit9 and Veracode expected to go public and huge growth anticipated from companies such as ThreatStack, Countertack, and Rapid7.”
Image by elhombredenegro https://www.flickr.com/photos/77519207@N02/ used under CC license.
About 20 miles West of Boston, quite the community has cropped up with cyber security companies like Conjur, Confer and CloudLock neighboring with CounterTack and Bit9 — all of them located in Waltham, Mass. and conveniently accessible to seasoned engineers and other talent living in the suburbs.
Today, cyber attacks are happening with unprecedented frequency and severity, and the market sure is hot for innovation to outsmart the bad guys.
No sooner had we closed the book on 2014 and its litany of mega breaches like Home Depot, JP Morgan Chase and Sony, already this year, Anthem has fallen victim to a massive hack involving the theft of personal information on 80 million people. It’s the nation’s largest healthcare breach to date, in fact.
Commenting on the Anthem attack to the Indianapolis Star, Neal O'Farrell, Credit Sesame’s security and identity theft expert says, "This is absolutely the worst kind of data breach, because thieves have stolen the information that's the most valuable, the most dangerous and impossible to change or cancel. This is mass victimization of the worst kind.”
To combat the problem, IT research and advisory firm Gartner predicts global cybersecurity spending will reach a whopping $79.6 billion in 2015. VC money is flowing nationwide, and here in Boston, EMC EVP Arthur Coviello calls the local cyber security startup scene “frothy,” as reported by the Boston Business Journal.
Here at PAN we play an exciting and rewarding role as IT security PR pros: guiding technology innovators to effectively tell their story, establishing them as thought leaders on pertinent industry issues, and getting their message heard by audiences that matter.
Together we not only create marketshare and mindshare for our security clients. By driving increased adoption of game-changing security solutions, we help organizations all over the world fight the good fight.