On March 23, 2016, Cintrifuse hosted its first Data Security Roundtable. CSOs from some of Cincinnati’s largest corporations came together at Union Hall to discuss their most pressing issues within the industry.
The morning started with a State of the Industry panel. Moderated by Tony Sibert Executive Director of EY’s Cyber Risk Team, and included Ben
Lambert, Partner at Pelion Venture Partners, Ryan Armbrust, Managing Director at ff Ventures and Kevin Willer, Partner at Chicago Ventures. One of the take home points from the panel was that security is, and will be, a major issue facing large corporations.
And the security problems these companies face are very similar to the problems 5 to 10 years ago. For instance, companies still have issues with Bring Your Own Device (BYOD). With more and more millennials and digital natives entering the work force, employees are coming into companies not just with their own devices but with entirely new workflows.
Fortunately, there are lots of smart people working on security solutions. As Ben noted, the three main areas Pelion is seeing the most promise for the data security industry are threat detection, machine learning/AI and big data. But, to be on the cutting edge of data security tech, big companies need to be willing to work with smaller startups. Which can be a challenge but, as the panel pointed out, if you always bet on smart you will be able to asses the competency of data security startups.
Nearly every month there is a new story about a large company’s data being compromised. Bad actors are constantly innovating new ways to slip past security. Often times, faster than corporations can innovate solutions to stop them. To stay ahead of the curve, large companies need to be willing to look at the latest tech and take chances on startups.
It was a very informative session and if you want to know more about the speakers and security startups in attendance then feel free to take a look at the event program.