CDSA

Meet the $100 Million Cyber Security Startups (CSO Online)

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A dozen cybersecurity startups have each raised $100 million or more in funding since 2014, according to Dow Jones VentureSource — a database that reports on companies globally who receive venture capital and private equity funding.

Hundreds of billions will be spent on securing PCs, mobile and IoT devices, corporate networks, and the cloud over the next five years.

The worldwide cybersecurity market is expected to grow from $75 billion in 2015 to $170 billion by 2020. Cybercrime costs are projected to reach $2 trillion by 2019, quadruple the estimated cost of breaches in 2015 – which should push the spending forecasts even higher.