Author: OurCrowd

Featured post by OurCrowd’s Cybersecurity Venture Partner Ron Moritz. There have been several inflections that have driven cybersecurity and contributed to the growth and maturity of the industry. The emergence of the commercial Internet in the 1990s drove early innovation as it became clear that security was a basic requirement for access.  Following the “dot com” collapse of the early 2000s, security spend as a percentage of the overall technology budget reached unprecedented double-digit highs and sparked the first cybersecurity gold rush. There have been several other inflection points along the way and some experts, such as former A&T chief security, Ed Amoroso, are suggesting that the recent WannaCry represents yet another.  This may be so but not because of the ransom paid – current estimates put the ransom collected to unlock files at less than $100,000 in comparison to the potential of tens of millions of dollars – but because of how many systems it infected, how quickly it propagated, and how much media it generated. Though the actual damage caused may be small in comparison to the...