Black Hat , Events , Next-Generation Technologies & Secure Development
The Cybersecurity Market: Balancing Risk and Reward
Yépez of Forgepoint Capital on AI, Economic Uncertainty, Cybersecurity Investments
Economic uncertainties and rapid technological advancements are transforming the cybersecurity landscape. The recent high-profile breaches and the sophisticated use of automation and AI by adversaries have intensified the demand for robust security measures, said Alberto Yépez, co-founder and managing director at Forgepoint Capital.
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Despite economic insecurity, technology remains a key driver of global innovation. Board members, Yépez said, are increasingly aware of the critical role cybersecurity plays in protecting businesses, and they are more willing to invest in comprehensive security measures.
Yépez spoke about the dual impact of AI. While AI improves operational efficiency and customer service, he said, it also requires careful management of proprietary data and safe usage practices.
"I'm bullish on the overall impact, and I wouldn't say people should be afraid of losing their jobs. They are going to be enabled to do their jobs better, and there are new skills that are going to come up. This is great transformation. We're going through these mega inflection points in our history," Yépez said.
In this video interview with Information Security Media Group at Black Hat 2024, Yépez also discussed:
- The need to expand cybersecurity services to underserved SMBs;
- The development of AI frameworks and standards for safe AI usage;
- The rise of shadow AI as a more insidious threat compared to shadow IT.
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.
