I’ve been speaking to a lot of CISOs and founders of cybersecurity companies, and thus far the current macro environment doesn’t seem to have had much of an effect. Cybersecurity budgets appear to remain healthy and founders aren’t seeing a slow down in purchasing.
This is probably due to the fact that attackers aren’t going to be hacking less due to a recession and as such companies can’t afford to cut budgets. I would expect that some amount of spending will be put off for new large projects, think replacing your current endpoint solution, but lower cost startups might actually be gaining share because of belt tightening.
Either way, it’s something that I’m keeping a close eye on.
If you’re going to be in Vegas for the BlackHat cybersecurity conference or the annual DefCon hackers conference drop me a line, I’d love to meet up with you. You can reach me at: lucas@lyticalventures.com or @lucasnelson on Twitter.
Tags: #cybersecurity, The Economy
