A Year No One Will Forget
The cybersecurity industry in 2020 experienced an array of new CEOs taking the helm, private equity buyouts of category leaders, heavy funding for startups focused on emerging technologies, solution provider giants being targeted with ransomware for the first time, and perhaps the most significant hack in history.
Money continued to flow into the industry to address challenges around authenticating users, securing access and synthesizing massive amounts of data, with 15 startups receiving at least $100 million of venture capital each, eight established cybersecurity vendors being scooped up by private equity firms, and two security companies filing for an IPO.
In addition, three startups focused on Secure Access Service Edge were purchased by larger security vendors, while seven publicly traded companies more than doubled their valuations. On a more somber note, four of the world’s 50 largest solution providers had their systems ransomed this year, while a colossal supply chain breach gave hackers access to U.S. government agencies and private sector firms.
Keep reading to relive the top cybersecurity news stories of 2020.