The 2024 Cybersecurity Market Review - Mike Privette, Rew Islam - ESW #387

For our second year now, Mike Privette, from Return on Security and the Security, Funded newsletter joins us to discuss the year's highlights and what's to come in the next 12 months. In some ways, it has been a return to form for funding, though some casualties of a tough market likely had to seek acquisition when they might have otherwise raised another round and stayed independent a while longer. We'll cover some stats, talk 2025 IPO market, and discuss the likelihood of (already) being in another bubble, particularly with regards to the already saturated AI security market. It won't be all financial trends though, we'll discuss some of the technical market trends, whether they're finding market fit, and how ~50ish AI SOC startups could possibly survive in such a crowded space. In this segment, we discuss two new FIDO Alliance standards focused on credential portability. Specifically, if passwordless is going to catch on, we need to minimize friction and maximize usability. In practice, this means that passkeys must be portable! Rew Islam of Dashlane joins us to discuss the new standards and how they'll help us enter a new age of secure authentication, both for consumers and the enterprise. Segment Resources: Elevating Passwordless Security With AWS Nitro Synced Passkeys Will Be Portable FIDO Alliance Publishes New Specifications to Promote User Choice and Enhanced UX for Passkeys This week, in the enterprise security news, NOTE: We didn't get to 2, 3, 5, or 7 due to some technical difficulties and time constraints, but we'll hit them next week! The show notes have been updated to reflect what we actually discussed this week: https://www.scworld.com/podcast-segment/13370-enterprise-security-weekly-387 Snowflake takes security more seriously Microsoft takes security more seriously US Government takes telecom security more seriously Cleo Capital takes security more seriously EU's DORA takes effect soon Is phishing and security awareness training worthless? CISOs need financial literacy Supply chain firewall is basic but useful All that and more, on this episode of Enterprise Security Weekly. Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-387