Amid Economic Shifts, an Optimistic Future for CybersecurityAlberto Yépez of Forgepoint Capital Discusses Market Resilience and AI Growth
The cybersecurity industry remains resilient in the face of recession fears, said Alberto Yépez, co-founder and managing director of Forgepoint Capital. Amid economic shifts and technological advancements, the market is adapting to new challenges and opportunities.
The cybersecurity market, in particular, is returning to "pre-pandemic times, where fundamentals were strong," Yépez said. The focus now is on disciplined valuation, but amid the evolving threat landscape, it is imperative to bolster cybersecurity for small to midsized enterprises, which are often the least prepared to tackle threats. The responsibility, Yépez said, is to "create technology for the 99% of the people that cannot afford a full-time CISO."
"There's a normal life cycle where you need to create something of value, shape it to the specific market you have," he said. "We are going to see a lot of new emerging companies that are going to be challenging the existing provider. The existing players, the incumbents, will need to acquire in order to innovate and catch up."
In this video interview with Information Security Media Group at Black Hat USA 2023, Yépez also discussed:
- The explosive growth of generative AI, both in consumer and enterprise sectors;
- Predictions on mergers and acquisitions in the coming quarters;
- The need for software companies to be held accountable for flaws in their materials.
Yépez is one of the pioneers of the cybersecurity industry and has played significant roles as a CEO and board member as well as an angel and venture capital investor. He currently focuses on cybersecurity investments.