Nick’s Newsletter No. 42

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The News:

ZeroFox: What Our B-Round Means for the Growth of Social Media Security

  • ZeroFox claims that social media represents the largest unsecured network in the world and points out that Cisco’s mid-year report claims that Facebook scams are now the #1 way to breach corporate networks.

This Va. Cybersecurity Startup Is So Hot Right Now

  • More news on PhishMe. The company had $10.2 million in 2014 revenue and has brought in $25 million in billings thus far in 2015. Inc. 5000 also rated them the second-fastest growing security startup in the country.

‘Tis The Season For Data Loss: The 12 Breaches of 2015

  • Anthem, OPM, IRS, Ashly Madison and Comcast make the list. Big year for cybercriminals.

CRN’s 10 Coolest Security Startups Of 2015

  • There are some big names on here like LightCyber and Cylance, but there are also some lesser-known companies like Ireland-based Waratek, which provides security for Java applications and Keeper Security, which creates solutions for mobile password management and encrypted file storage.

Cyber security firm Blue Coat Systems in IPO talks: source

  • The IPO could come as early as the second quarter of 2016. Bain bought the company from Thoma Bravo in March for $2.4 billion.

Latest Cyberthreat: Stealing Your House

  • As ownership records go online, it becomes easier to commit deed fraud. New York is seeing record levels of the crime.

John McAfee: Hacking a major corporation is so easy even a grandma could do it

  • Antivirus creator (and Presidential hopeful) John McAfee writes that 90% of hacking is social engineering and that experienced hackers don’t care about what kind of cybersecurity products your organization is using. Rather, they care about information that will make your team susceptible to social engineering.

Non-Security:

Worst Year For Tech IPOs Since 2009

  • 28 companies went public in the U.S. in 2015, compared to 62 last year and 48 the previous year. Additionally, half of the companies that IPO’d are now trading below their IPO price. There are apparently 131 unicorns now.

Atlassian Closes Up 32%, Valuing The Company At $5.8B

  • Strong pop in the wake of several lackluster tech IPOs from Square and PureStorage.

Entrepreneurial Experience Separates Top VCs From Other Investors

  • Nearly 60% of partners at top VC firms were either founders or executives at entrepreneurial companies, versus less than 30% of partners at a random sample of VC firms.
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