Cybersecurity is a white-hot investment space, with over $7.8 billion invested globally in 2020.
One startup, Cobalt, has drawn millions in funding for its penetration testing-as-a-service.
While cybersecurity is moving towards automation, Cobalt bets human pentesters will always have a job.
The $150 billion cybersecurity industry is moving rapidly towards automation, with companies racing to develop AI-powered tools to detect and patch security vulnerabilities. But one startup is betting that hackers can never be replaced by machine learning and investors are pouring millions into its vision.
Cobalt, a cybersecurity startup founded in 2013, is one of the first startups to build its business around the notion of penetration testing as a service, allowing companies to hire these so-called pentesters on demand.
15 Big News Items To Watch For In The Cybersecurity Space
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Data Protection startup, Titaniam, unveils star studded Industry Advisory Board and Practitioners Council
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New data could help CISOs quantify the value of a strong security culture
Phishing warning seen on Google Chrome when visiting a website that has been recognized as phishing website. (Christiaan Colen/CC BY-SA 2.0)
Building a security awareness training program to develop a strong infosec culture requires time and money, and chief information security officers frequently try to make a case for such an investment by citing return on investment and other metrics of success.
Such demonstrable proof can be elusive, but this week, KnowBe4 researchers released the results of a comprehensive study examining the behavior and security culture of more than 97,000 employees across 1,115 organizations worldwide.