Tue, 11 June 2013
Joining me this week on PowerTalk to discuss the growing threat we all face - cyber attacks -- as well as a set of new solutions to combat them is Martin Roesch. Martin is not only a founder of cyber security company Sourcefire (FIRE), but also its chief technology office and a Board Member.
With cyber attacks growing not only in volume, but with them happening to companies like Google (GOOG), Bank of America (BAC), Northrop Grumman (NOC), Microsoft (MSFT), Yahoo (YHOO), AOL (AOL), LinkedIn (LNKD), Tumblr, the Reuters news service and the BBC to name a few, it’s a cause for alarm.
Earlier this week I was talking with some folks at the American Chamber of Commerce and they pointed out several of the key concerns that are on the minds of its more than 3 million members. Those businesses that comprise the Chamber’s constituents -- from mom-and-pop shops and to leading industry associations and large corporations -- cyber security is increasingly on their mind.
How can it not be?
Symantec’s (SYMC) Internet Security Threat Report, Volume 18 published this past April revealed a 42% surge during 2012 in targeted attacks compared to the prior year. Designed to steal intellectual property, these targeted cyberespionage attacks are increasingly hitting the manufacturing sector as well as small businesses. While it may raise some eyebrows to those not in the know, you may be surprised to learn that 31% of all targeted attacks aimed at businesses with less than 250 employees.
During the course of my PowerTalk with Martin Roesch, we talk about why the bad guys have a leg up on cyber security companies and what Sourcefire is doing to fix that; how security differs from a good defense; the state of the cyber security industry, including recent consolidation activity and what’s next. Martin also shares details about some of the new products that Sourcefire is rolling out, which sets the stage for a new model of cyber security.