Post on 14-Dec-2015
Welcome to
SINET Showcase 2010Wednesday, October 27th, 2010
National Press ClubWashington, DC
Bob AckermanAllegis Capital Founder and Managing Director Seed and Early-Stage Venture
Investors CEO of UniSoft Systems and
Founder/Chairman of InfoGear Investment Focus – IT Security,
Enterprise Solutions; Commerce
George HoyemIn-Q-Tel
Partner More than 25 years of
entrepreneurial, operations and venture experience in high technology companies
Has backed, supported, and served on the boards of over sixteen emerging technology companies
Alberto YepezTrident Capital
Managing Director Focusing on Software, IT
Security, and mobile investments
Served as Chairman, President and CEO of Thor Technologies, leading provider of identity management solutions
Asheem ChandnaGreylock Partners
Partner Areas of interest span
enterprise IT infrastructure, software and services
Invested in companies in cloud computing, data center, electronic payments, networking, management, security and virtualization.
Moderator
PANEL: Call to Action: Entrepreneurs and Cyber Security, The Way – Ahead
Operation Aurora: Juniper Confirms it was hit by attackJan 15, 2010
Operation Aurora: Adobe Identified As Victim of AttackJan 14, 2010
Operation Aurora targets Google – IP, Gmail accessedJan 12, 2010
US Homeland Security information network hackedMay 13, 2009
Attackers breach $300B Joint Strike Fighter projectApr 21, 2009
GhostNet - Vast Spy System Loots PCs in 103 CountriesMar 28, 2009
Malware targets U.S. military computers – Agent.btzDec. 02, 2008
Network Security Breaches Plague NASANov. 20, 2008
The Rising Tide of Cyber Espionage
Targeted e-mails distributed malware in PayChoice breachOct. 1, 2009
UNC Chapel Hill server hacked; 236,000 records breachedSep. 25, 2009
Network Solutions server hacked; 573,000 records lostJul. 24, 2009
Aetna server breached; 65,000 records stolenMay 28, 2009
Aviva data breach due to malware infected computerMay 28, 2009
Heartland finds malware in bank card payment systemJan. 20, 2009
Cyber Crime Crisis Is Here
Diminishing Economies of Scale:US Industrial R&D by Size of Enterprise
© 2008 Henry Chesbrough
Company Size 1981 1989 1999 2005
< 1000 employees 4.4% 9.2% 22.5% 24.1%
1,000 – 4,999 6.1 % 7.6 % 13.6% 15.5%
5,000 – 9,999 5.8 % 5.5% 9.0% 8.0%
10,000 – 24,999 13.1% 10.0% 13.6% 14.8%
25,000 + 70.7% 67.7% 41.3% 37.6%
Sources: National Science Foundation, Science Resource Studies, Survey of Industrial Research Development, 1991, 1999, 2001, 2006.
On July 1, IBM acquired BigFix On July 7, Boeing acquired Narus On July 12, Quest Software acquired Volcker Informatix AG On July 13, GFI Software acquired Sun Belt Software On July 22, Mobile Media Unlimited Holdings acquired Enable Software On July 23, Digital Barriers acquired Overtis Solutions On July 27, Juniper Networks acquired Smobile On July 27, Commtouch acquired the antivirus division of Authentium Only July 29, McAfee acquired tenCube On August 9, Tektronix Communications acquired Arbor Networks On August 4, St. Bernard Software acquired Red Condor On August 19, Intel acquired McAfee On August 30, CA Technologies acquired Arcot Systems On September 1, VMWare acquired TriCipher On September 13, Hewlett-Packard acquired ArcSight On October 4, Raytheon acquired Reston
IT Security Acquisitions Are Skyrocketing
The Cyber Security Innovation DilemmaThe Fabric of Society is Increasingly Digital
Vulnerabilities are Exploding The Problem is Big --- and Getting Bigger
Today: 1.5 to 2B Devices connected to the NET Future: 50B Devices connected by 2025
Good Guys at a Huge Disadvantage Nature of the Threat is Asymmetric Bad Guys are “Proactive” Good Guys are often “Reactive”
Costs are Rapidly Escalating Gartner Group: $16.5B for IT SEC Software in 2010 (up 11%)
Can’t get the Genie Back in the Bottle Legacy Investments Represent “Sunk Costs” Need to Evolve – Rapidly & Continually
Into the Breach: The INNOVATORS Small and Agile Resourced Constrained Limited Access to Markets