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Are You Prepared? Cybersecurity Trends & Opportunities (Ed Valdez)

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Ed Valdez presents at the 4th Annual Security & Compliance Summit led by The Anfield Group. As Chief Strategy Officer for Ecotech Ventures, Ed provides strategic consulting for startups & SMBs who seek to accelerate their go-to-market success and market share growth in MobileTech, EdTech & SaaS.

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Are You Prepared? Cybersecurity Trends & Opportunities (Ed Valdez)

  1. 1. ì   Cybersecurity  Trends  &  Opportunites   By  Ed  Valdez,  CSO  of  Ecotech  Ventures   1  ©  2015  Ed  Valdez     August  5,  2015  
  2. 2. ì   Ed  Valdez  Brief  Bio   2  ©  2015  Ed  Valdez   August  5,  2015  
  3. 3. Quiz:  What  City  is  This?   3  ©  2015  Ed  Valdez   August  5,  2015  Image:  Ed  Valdez  (Aug.,  2015)  
  4. 4. Where  are  the  Cybersecurity  Threats?   4  ©  2015  Ed  Valdez   August  5,  2015   Source:  Forbes  (Aug.,  2015)  
  5. 5. 3  Pillars  of  Cybersecurity   5   Source:  IT  Governance  (UK)   ©  2015  Ed  Valdez   August  5,  2015  
  6. 6. U.S.  Government  Update  1   6  ©  2015  Ed  Valdez   August  5,  2015  Source:  Nextgov  (Aug.,  2015)  
  7. 7. U.S.  Government  Update  2   7  ©  2015  Ed  Valdez   August  5,  2015  Source:  Nextgov  (Aug.,  2015)  
  8. 8. Key  Questions  for  Financial  Institutions   8   Key  Ques0ons  Directors  Must  Ask  Cybersecurity  Chiefs   •  What  was  our  most  significant  cybersecurity  incident  in  the  past  quarter?      What  was  our  response?   •  What  was  our  most  significant  near  miss?  How  was  it  discovered?   •  How  is  the  performance  of  the  security  team  evaluated?   •  Do  you  have  relaWonships  with  law  enforcement,  such  as  the  FBI  and  Interpol?   •  Do  you  work  with  business  leaders  on  due  diligence  of  acquisiWon  targets?      With  supply  chain  leaders  on  security  protocols  of  vendors  and  other  partners?   •  What  process  is  in  place  to  ensure  you  can  escalate  serious  issues  and  provide  prompt,      full  disclosure  of  cybersecurity  deficiencies?   (Source:  NaWonal  AssociaWon  of  Corporate  Directors)   ©  2015  Ed  Valdez   August  5,  2015  
  9. 9. What  Can  We  Learn  from  Retail?   9  ©  2015  Ed  Valdez   August  5,  2015  Source:  Security  Intel.  (Aug.,  2015)  
  10. 10. Automotive  Hacking   10  ©  2015  Ed  Valdez   August  5,  2015   Source:  Wired  (Aug.,  2015)  
  11. 11. IT  Disruption   11  ©  2015  Ed  Valdez   August  5,  2015  
  12. 12. Mobile  Devices  Everywhere   12  ©  2015  Ed  Valdez   August  5,  2015  
  13. 13. Mobile  Internet  Trends   13  ©  2015  Ed  Valdez   August  5,  2015  Source:  KPCB  (May,  2015)  
  14. 14. Why  China’s  Influence  Matters   14   Investment  Requirements   •  Easy-­‐to-­‐follow  story  with              simple  dialog  that  translates  well   •  No  poliWcal  messages   •  InternaWonal  venue  with            grand  cinematography     ©  2015  Ed  Valdez   August  5,  2015  Image:  Paramount  Pictures  (August,  2015)  
  15. 15. China’s  Proposed  Cybersecurity  Law   15   Proposed  Changes     •  Require  companies  to  censor     and  restrict  online  anonymity;   •  Require  companies  to  store  user  data  in  China;   •  Require  companies  to  monitor  and  report     to  the  government  undefined     “network  security  incidents”     ©  2015  Ed  Valdez   August  5,  2015  Source:  Reuters  (July,  2015)  
  16. 16. 6  Trends  in  Cybersecurity  Breaches   16   •  Insider  Misuse  =  Significant  Cause  of  Breaches  (20%)   •  Mobile  Devices  Used  to  Harvest  Data  (Adware  now  in  410,000  apps)   •  Mobile  Device  Management  can  Prevent  Breaches  (22%  involve  stolen  devices)   •  Human  Focus  is  CriWcal:  4  out  of  5  companies  don’t  update  Breach  protocols   •  Security  Skills  are  lacking  in  Enterprise  Security  (30%  cite  criWcal  shortage)   •  Disclosures  from  Outside  Sources:  69%  of  Breaches  are  noWfied  by  outside  agency              (Not  users)   ©  2015  Ed  Valdez   August  5,  2015  Source:  KPCB  (May,  2015)  
  17. 17. Investments  &  Acquisitions   17   1H  2015  Acquisi0ons   •  Cisco  Acquires  OpenDNS   •  Microsoh  acquires  Adallom   •  Baidu  acquires  Anquanbao   •  AVG  Technologies  acquires  Privax   •  CounterTack  acquires  ManTech  Cyber  SoluWons   •  Cypher  Cloud  acquires  Anicut  Systems     And  many  more….       ©  2015  Ed  Valdez   August  5,  2015  
  18. 18. Call  to  Action   18   •  IdenWfy  the  next  best  Industry  OpportuniWes   •  Get  back  to  the  basics:  Government  agency  opportuniWes   •  How  do  we  expand  internaWonally?  What  is  the  best  Wming?   •  What’s  the  Value  of  our  Team?   •  How  do  we  idenWfy  mulWpliers  to  the  business?   ©  2015  Ed  Valdez   August  5,  2015  
  19. 19. Thank  you   19   Ed  Valdez   Ecotech  Ventures   ecotechventures@gmail.com   Twiker:  @edvaldez8888   Samsung  3.0:  Talent,  Technology  and  Timing   ©  2015  Ed  Valdez   August  5,  2015   Note:  All  trademarks  or  registered  trademarks  are  the  property  of  their  respecWve  owners.  

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