[1] To say cybersecurity is booming would be an understatement. We're talking about security companies' skyrocketing valuations ($524.1 million on average) and the massive amount of funding ($12.2 billion just this year so far) investors are pouring into the industry, of course. Because in terms of success, there's a lot to be desired.
Recent attacks on
SolarWinds,
Kaseya, and
Microsoft Exchange took cybercrime to new levels and showed how one breach could cripple tens or even hundreds of thousands of organizations. And attacks on critical infrastructure like hospitals and the
Colonial Pipeline made clear just how high the stakes are. 2020 alone saw more data breaches than in the
last 15 years combined — and 2021 isn't looking any better.
Industry veterans tell VentureBeat "it's depressing," and that "we're at a worse point now than we [ever] were." Some even consider cybersecurity a losing game, including Ryan Naraine, a longtime security reporter and former security director at Intel. "I've been hearing about solving security problems for the last 10 years," he said. "We're here 10 years later. Things have only gotten exponentially worse."
So how did we get here? Why can't the cybersecurity industry keep up? And if decades of innovation, a wide field of players, and billions upon billions invested have only landed us in a world where the amount of
money lost to cybercrime annually is outpacing nearly every country's GDP, what should we make of this current VC gold rush?
>> Read the full story here. [2] The Apache Software Foundation (ASF) this week
updated an open source Apache Drill tool that enables end users to query multiple data sources using SQL – without waiting for enterprise IT teams to create schemas and set up pipelines. Called Drill 1.19, the updated version effectively adds support for a wider range of use cases.
Apache Drill is designed to be deployed either on a single laptop or across a 1,000-node cluster that is processing trillions of records. It makes use of
JavaScript Object Notation (JSON) formats to eliminate the need to define schemas before or normalize data. Its broad compatibility is a critical capability because it's impossible for any organization to aggregate all its data in a single data warehouse, said Charles Givre, VP of Apache Drill. "It's practically impossible to get all your data in a data lake," he said.
Regardless of the path organizations opt for to
manage data, the number of tools and platforms for querying data continues to explode. The issue now is determining to what degree to let a proverbial thousand tools bloom, versus limiting access to only tools sanctioned by the enterprise IT team.
>> Read more here. [3] In the tech world, "
metaverse" is a digital shared space where everyone can interact seamlessly in a fully immersive, simulated experience. Tech giants are already all in and building in the metaverse: Games'
Fortnite, Microsoft's
Minecraft, Facebook's
Horizon Workrooms, and many more are contributors. Mark Zuckerberg even said he hopes to transform Facebook into a "
metaverse company" in five years. So what does the metaverse mean for the tech world?
The expansion of the metaverse has brought up a bunch of legal questions, and it's unclear who enforces the rules. While the metaverse holds great promise for merchants and investors alike, without a system for design, promulgation, and enforcement of rules, it could be dangerous. How long will this last? Until the first Meta-tragedy that captures public attention? Or will someone or something lead the charge?
A true metaverse may still be a few years away, but major companies are busy building a future that permits families, friends, coworkers, and more to meet and interact in shared digital spaces that look and feel authentic.
>> Read more here.
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