In a world where cyber crimes are on the rise, billions of dollars have been spent on increasing the quality of the cybersecurity industry, and yet the rate of breaches were increasingly high. Even securing small organizations seemed like a tough job.
The computer industry has had to fight against growing sophistication in threats throughout its narrative. The founder and CEO of Balbix, Gaurav Banga said he had been working in the cybersecurity industry since the early 90’s since his college time when cybersecurity and the internet were still in their infancy, and in 2015 he started a third-generation cybersecurity company where I currently serve as CEO.
We could point to two historical shifts in the cybersecurity market conditions that led to a step up in the complexity and scope of attacks and consequently fuelled fantastic innovations. There were early laggards and adopters with both innovative waves. The changes must be understood to be better prepared to protect the organization.