Just released: How to raise venture capital in 2023

Download

Mary Meeker of KPCB Sounds the Cyber Security Alarm

Carl Niedbala - Founder Shield
Carl Niedbala

COO & Co-Founder

With the release of her annual report this week, veteran internet analyst and Kleiner Perkins partner Mary Meeker sounded the alarm on the state of cyber security.

Meeker’s reports are essentially the bible to investors and entrepreneurs in the space.  The report contains valuable data on everything from mobile to emerging markets, but the slides on cyber security are of particular importance this year.  The slides are included below and here are the highlights for startups:

  • Human error is the biggest cause of data breach.  If you read this blog, this should not come as a surprise though.
  • Despite this, most organizations fail to update their policies around information security or breach response.
  • The growth of mobile has given rise to the serious growth of mobile data breaches.

Combining the first two bullets means one thing: all companies need to think hard about their information security policies, internally and externally.  Sloppy internal management of employee behavior can get companies in big trouble.  It’s important to have a couple basic items in place:  a breach response / business continuity plan, information security privacy policy, technical “checks and balances” on user authorization internally and externally, and a good cyber security insurance policy as a backstop.

All companies, from startups to fortune 500 behemoths, need to take cyber security very seriously.

 

Mary Meeker 2015 cyber security slide 1

Mary Meeker 2015 cyber security slide 2


If you want to learn more you can email info@foundershield.com at any time. Or create an account here to get a quote! 

Related Articles

Cybersecurity Data Breaches
November 9 • Cyber Liability

Top 10 Cybersecurity Data Breaches of 2023

oday’s digital landscape is frightening for business leaders. Here’s a glimpse into some of the most cringe-worthy data breaches in 2023 — plus, how to avoid them.

Cyber Insurance Pricing Trends
July 19 • Cyber Liability

Cyber Insurance Pricing Trends 2023

After a hard-hit 2022, let’s explore the lessons learned, what currently impacts the cyber market, and cyber insurance pricing trends to expect in the future.

multi factor authentication
January 24 • Cyber Liability

Securing Your Company With Multi-Factor Authentication: A Complete Guide

Cybersecurity is a priority for most company leaders, with multi-factor authentication spearheading the endeavor. Here’s how to make it a reality in your organization.

cybersecurity-awareness-month
October 6 • Cyber LiabilityRisk Management

Cybersecurity Awareness Month 2022 — Data, Data, Goose!

As the leaves turn golden and the wind blows colder, cybersecurity awareness month is upon us! Here’s what it’s all about and how your company can stay cyber-safe.

cyber-liability-premiums
August 29 • Cyber Liability

To Understand Cyber Liability Premiums, Let’s Talk About Hurricanes

Cyber liability insurance premiums are rising, and company leaders struggle to keep up with the increase — but why is this happening? Let’s talk about the “hurricane effect” and what to expect in the future.

ransomeware-defense
June 13 • Cyber Liability

Ransomware Defense — 5 Tips to Protect Your Business

With cyber attacks on the rise for technology and late-stage companies, it’s up to risk management teams to build fortifying ransomware defense — here’s how.