Cybersecurity Market Sets Records for Venture Capital in 2021, Expected To Keep Rolling Through 2022
Venture capital flocked to the cybersecurity market in 2021, leading to a record $29.5 billion raised (more than double the amount seen in 2020).
This year's set of Gartner cybersecurity predictions touches on the expected growth of privacy laws and ransomware regulations, changes to corporate security structures, and even a warning of the first uses of operational technology to cause human casualties.
Randori report indicates that cybersecurity programs are struggling to manage attack surfaces that have become significantly more difficult due to pandemic conditions.
The cybersecurity workforce continues to grow, but not nearly fast enough to keep pace with demand. This is just one of several factors contributing to what the new ISC2 report calls a "perfect storm" of instability in the field.
The cybersecurity workforce has grown by a little over 11% since last year, filling 464,000 more positions, but the workforce gap has more than doubled during that time due to increased demand.
According to the latest Cybersecurity Workforce Study from (ISC)2, it would take a 145% increase in the number of these cybersecurity professionals to fill the current estimated need for 4.07 million professionals.
The new CSC report warns that national cyber defense is "stalling" in most areas and "slipping" in some. Its central point of criticism is that only 35% of 82 recommendations that the commission made in 2020 have been fully implemented, with about 13% still facing barriers to progress and another 18% making progress but still distant from actual implementation.
Taiwanese networking giant D-Link has confirmed a data breach after an employee fell victim to a phishing attack. The company said the stolen information originated from a product registration system that reached its end of life in 2015.
A statement from Danske Bank indicates that the GDPR violations are tied to an inability to build data deletion functionality into its complex interlocked IT systems despite beginning efforts in 2016.
Trustwave analyzed dark web chatter on the underground hacking forums and discovered that cybercriminals were anxious after the Russian FSB arrested 14 REvil ransomware gang members.
