Events , Leadership & Executive Communication , RSA Conference
VC Expert: Cybersecurity Industry Is Ready for New PlayersForgepoint Capital's Alberto Yépez on the State of Cybersecurity Amid the Recession
Despite the current macroeconomic headwinds, the cybersecurity industry is at an optimal stage for the emergence of new companies with increasing demand for cybersecurity solutions, said Alberto Yépez, co-founder and managing director of Forgepoint Capital.
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Drawing parallels with the 2008 recession, Yépez said there is an opportunity to innovate then and now, and several of the largest cybersecurity companies today were born out of the last recession. During these lean times, the competition and "noise in the market" are at their lowest. The market is self-correcting, but the need for cyber protection is more important than ever, thanks to sophisticated attacks and the increasing misuse of artificial intelligence by bad actors, he said.
"You see a perfect storm brewing because you have the need to avoid cyberattacks, you have regulation that is driving, and you also have the ability to try to drive answers to the new emerging technologies that we have," he said.
In this video interview with Information Security Media Group at RSA Conference 2023, Yépez also discusses:
- Why cybersecurity continues to remain a top priority in technology budgets;
- The U.S. national cybersecurity strategy and the role of the government in improving critical infrastructure protection;
- New areas of investment companies are looking toward.
Yépez is one of the pioneers of the cybersecurity industry. A serial entrepreneur and global investor in cybersecurity, he has a track record of building global businesses and leading them to successful exits. He currently serves on the boards of Constella Intelligence, CyberCube, Huntress, NowSecure, ReversingLabs and Uptycs.