Security experts and practitioners from around the world gathered at the 11th annual SecTor conference in Toronto last week. Among other highlights, there was a lot of focus on the evolution of technology in addressing cybersecurity challenges.
In his keynote address, IBM Resilient CTO Bruce Schneier called for increased government regulations in order to improve cybersecurity. If you were side tracked by the industry news coming out of SecTor, there might have been some happenings that flew under your radar.
Here’s a look at other interesting headlines to help get you up to speed on different news worthy stories across several aspects of cybersecurity.
Partners in fighting cyber crime
- Mergers and acquisitions aren’t uncommon in the security industry, but ADT acquired Datashield with the goal of merging physical and cybersecurity. They are hedging their bets on the hope that enterprises will use the same provider to secure their networks and physical locations.
- Aiming to detect red flags in WiFi connections, Deutsche Telekom has partnered with Israeli-based CheckPoint to develop a new mobile security technology, Protect Mobile.
Investing in Security
- Senate and consumers alike might be dismayed by the Equifax breach, but venture capitalists are seizing the opportunity to invest in a market segment that is likely going to explode. Even with a record $3.1 billion in cybersecurity startups in 2016, money continues to pour in as breaches become bigger.
- Strategic Cyber Ventures (SCV) welcomes a new senior associate. With an MBA from Georgetown’s McDonough School of Business, Chris Ahearn will focus on identifying companies focused on intrusion suppression to help grow the firm’s cybersecurity investment portfolio.
- Work crews enjoyed a celebration of a $60 million security investment. After the final steel beams were placed in the construction of Georgia’s Cyber Innovation and Training Center, (scheduled to open in July), workers joined local and state officials to formally mark the project’s progress with a celebratory lunch.
Turning the skills gap into job opportunities
- Rather than focusing on the paucity of talent, the HuffPost takes a look at several different cybersecurity businesses that promise lots of opportunity (and money) to fight cyber crime.
- In order to narrow the skills gap, the industry needs to recruit and retain talented candidates, which starts with education. To that end, SUNY Canton has launched a new undergraduate major in cybersecurity.
- Cybersecurity competitions, widely used as a recruiting tool, are getting creative in their quest to winnow out the highly skilled. Last week’s annual U.K. Cyber Security Challenge competition introduced war games as a way to identify potential recruits.
The promise of cybersecurity insurance
- With little historical data to go on but a team of cybersecurity experts as their guide, At-Bay, a California based company founded by Rotem Iram, hopes to reshape the future of cyber insurance.
- The jobs gap is growing, the threat landscape is expanding, and the IoT is exploding. Defending against all of these new and emerging threats is costly, which is why many see cybersecurity insurance as an integral piece of the overall security puzzle.