AGC's 13th Annual West Coast Conference Book

Directions in Enterprise Security: Is Leadership up for Grabs?

Abstract: Cybersecurity spending surpassed $80B in 2016, driven by the evolving threats and increased public awareness. To combat the complexity of the modern threat environment, a wholesale architectural refresh in enterprise security infra- structure is well underway. Tremendous amounts of private capital have been injected over the past several years, leading to an overwhelming number of point solutions. As the “new guards” attempt to capture market share, the “incumbents” endeavor to protect their stake by evolving their security solutions via organic development and inorganic acquisitions. The growing, fragmented market presents a land grab opportunity, which will be seized by agents of transformation. Winners will need to navigate the imminent technology disruption represented by the cloud and mobility with an eye to the future, yet without alienating existing customers. Tactically, endpoint security is going through an “anti-virus refresh” as companies look to combine tools and techniques, including machine learning / artificial intelligence, behavioral ana- lytics, and deception to defend against advanced attacks. Simultaneously, the lack of available skilled security resources has led both organizations and security acquirers to place significant emphasis and value on orchestration and managed service capabilities. As cybersecurity threats have evolved from CIO concerns, to board room discussions, to nation state conflicts, the visibility of enterprise security has never been higher. The security industry has been waiting for this moment for decades, the question is what to do now that the spotlight is on us. This panel will be a spirited discussion about what it’s going to take to survive as a security practitioner over the next 3- 5 years and the impact that will have on security companies. And then you can decide for yourself who’s best posi- tioned to emerge victorious.

Market Statistics, Sizing / Growth:

 Worldwide spending on cybersecurity products and services is predicted to exceed $1T cumulatively from 2017 to 2021 (Cybersecurity Ventures)  82% of IT decision-makers surveyed reported a shortage of cybersecurity skills, with 71% citing this deficiency for organizational damage; however, in the US alone, 209,000 cybersecurity jobs went unfilled (CSIS)

 More than 4,000 ransomware attacks occurred every day in 2016, a 300% increase over 2015 (CCIPS)

 For a second year in a row, Information Security is anticipated to be the largest segment of acquisition spending (451 Research)

Discussion Topics:

 What will drive security transformation in 2017?

 How broad of a solution set must the winners have? Can you prosper if you don’t have full coverage?

 When will we see the golden age of cybersecurity startups come to an end?

 What are you doing to address the cybersecurity workforce shortage?

 Will AI lead to the eventual replacement of humans in the security operations center?

 How has the emergence of security orchestration affected your approach towards deploying end-to-end vs best-of- breed solutions?  With the expansion of IoT and interconnectivity of devices / networks, how does this change the threat landscape of cybersecurity going forward?  Will anti-ransomware software become a priority in 2017 following a record year in which over $1B was lost to cyberextortion?

 In the long term, will traditional infrastructure become obsolete as we move to the cloud?

 As cybersecurity plays an even more important role in nation state interaction and foreign policy, how are business- es affected? Does this put the security industry in a different light than other tech sectors?

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