The Third Evolution of Cybersecurity: How Security Threats and Cyber Defenses Shifted Over the Years
(Berkshire Hathaway 2018 Annual Shareholder Meeting, May 5th, 2018)
Unlike other rapidly growing industries, the cybersecurity industry already features a developed ecosystem with important public and private companies at all stages of maturity. Even as some major incumbents decline, startups rapidly grow to fill new niches. Large tech firms then swallow these upstarts just as quickly.
Over the past decade, consumers and enterprises have fundamentally changed the way they access applications and data. The ubiquity of laptops, smartphones, and other connected devices has caused a surge in the number of endpoints and ways for cybercriminals to gain access to private networks and systems. As a result, the entire cyber battlefield has grown in both complexity and scope.
In order to understand the future of cybersecurity, we must look at the industry as a whole – both from a technological and societal standpoint. In this report, we focus on six key areas of inquiry that investors should consider so they can make intelligent investment decisions.
Understanding Cybersecurity: What is cybersecurity, and how does it relate to the broader IT security industry? Why are there so many cybersecurity companies today, and how do they serve the needs of companies across all sectors?
The Evolution of Cybersecurity: New Perspectives: How has cybersecurity changed over the years? How do innovative new companies compete against well established giants in this rapidly evolving environment?
Trends in Hacking Activity & Data Breaches: How are cyber threats today different from those of years past? How can we quantify trends in “hacks” and data breaches? What impact do cybersecurity breaches have on companies and consumers today?
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