Some are valued over 20x their revenue. 0000. Cybersecurity valuations have boomed this year, eclipsing that of other tech sectors. The global cyber security market size was valued at USD 167.13 billion in 2020 and is expected to register a CAGR of 10.9% from 2021 to 2028. Hiscox (2020, June). Guercio, K. (2020, December 18). (, The first hacker convicted of SIM swapping was recently sentenced to a 10-year prison sentence. The best approach to fight cyber criminality is through the current initiative for diverse cyber work environments as this drives the generation of powerful creative problem solving to effectively address the unrelenting threat of cybercrimes worldwide. $20M. Morgan, S. (2020, November 13). 2021 DATA RISK REPORT FINANCIAL SERVICES. A total internet shutdown would lead to a GDP loss of 1.9% daily for a country with high connectivity and a daily loss of 0.4% for a low-connectivity country (World Economic Forum, 2020). Tunggal, A. The valuation multiples in cyber security deals are relatively high, with both mean and median deal value-to-EBITDA ratios at around 15 times during the period from 2008 through to 2011H1. However, as school reopened in most countries and the momentum around the sector came to an end, the median revenue multiple for Q2 2021 went back down to 3.1x. Developer of a cloud email security platform designed to prevent cyber-crimes easily. Activision Blizzard: Trading below Historical Valuation Multiples. Columbus, L. (2020, November 1). The 2020 SBBI Summary Edition is a proud partnership between the following organizations: Duff & Phelps Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and Morgan, S. (2020, October 26). From the very first incident involving Vietnam vet John Draper in 1971, computer hacking had been causing havoc to businesses and people worldwide. Mimecast (2020). The global cybersecurity market is expected to be worth $352.25 billion, with an annual growth rate of 14.5%, by 2026 (Mordor Intelligence, 2020). Archived Reports About Top 5 Cybersecurity Facts, Figures, Predictions, And Statistics For 2020 To 2021. 19. On average, it takes financial services organizations 233 days to find and fix a data breach (Varonis, 2021). Detect and respond to cyber attacks, cyber threats | Lastline (, Here are some of the essential takeaways from this selection of this year’s cybersecurity statistics, Professional Services Automation Software - PSA, Project Portfolio Management Software - PPM, 119 Impressive Cybersecurity Statistics: 2020/2021 Data & Market Analysis, cumulative damage and costs of cybercrime, a dozen free, yet robust IT security solutions, the best time to upgrade your cybersecurity system, US Department of Health and Human Services Office for Civil Rights. Although the incidence of cryptojacking is relatively low, crypto weaknesses are among the most common network vulnerabilities, with organizations registering a 39.7% vulnerability rate (EdgeScan, 2020). Israel recorded an increase of 65% in 2020 compared to the previous year. Varonis (2021). 2021 REPORT: CYBERWARFARE IN THE C-SUITE. Ian Ferguson (ianf@mst.edu) College of Engineering and Computing: ABET Visit, Oct. 2014 Slide [2] © Bruce McMillin May 2020 Cyber-Physical Security Found inside – Page 714th IFIP WG 11.10 International Conference, ICCIP 2020, Arlington, VA, USA, March 16–17, 2020, Revised Selected ... Multiple security domain nondeducibility (MSDND), introduced by Howser and McMillin [5], engages modal logic [4] to ... Cyber Attacks: Igniting The Next Recession? "In close to two decades as . The funding values the San Francisco-based company at more than $500 million, according to a source familiar with the deal, more than tripling its $140 million valuation following a Series A last . Over 50% of all cyberattacks target small- to medium-sized enterprises (Cybersecurity Ventures, 2021). Good thing there are more than a dozen free, yet robust IT security solutions that SMBs can choose from and deploy in their operations. The Government published the UK Cyber Security Strategy in June 2009 (Cm. 7642, ISBN 97801017674223), and established the Office of Cyber Security to provide strategic leadership across Government. Cisco Annual Internet Report (2018–2023) White Paper. Global cybersecurity spending is expected to reach $1 trillion cumulatively for the 5-year period from 2017 to 2021. 89% of executive leaders consider cybersecurity a high priority (Cisco, 2020). The recommended way to value a company is by using various valuation methods to best capture all aspects of your company. Morgan, S. (2021, January 21). (APWG, 2020). Sobers, R. (2020, March 29). Related Reading: What's Behind the Surge in Cybersecurity Unicorns? Cyberattacks on US healthcare facilities in 2020 affected 17.3 million people and resulted in 436 data breaches (Forbes, 2020). EBITDA Multiple: 12.26 = $959B / $78.2B. Cisco (2020, February). What's Behind the Surge in Cybersecurity Unicorns? No spam. Federal Information Security Market, 2018-2023. Future Digital Advertising: Artificial Intelligence & Advertising Fraud 2019-2023. Ransomware has become the hacking method of choice among cybercriminals. Wanted: 3.5 million people for 2021 cybersecurity jobs. Hospitals are more vulnerable to cybercrime compared to other businesses. In the first three quarters of the year, the median deal multiple for cybersecurity companies stood at 11.3x trailing-12-month sales, compared to 7x trailing-12-month sales across all tech and telecom deals. Cybersecurity providers have . (2020, November 23). Valuation Multiples by Industry. Designed for managers struggling to understand the risks in organizations dependent on secure networks, this book applies economics not to generate breakthroughs in theoretical economics, but rather breakthroughs in understanding the ... P/E relates the current share price with the market expectations in terms of Earnings Per Share. Cyber’s Most Wanted. In a year, 51% of organizations are impacted by a form of ransomware infection (Mimecast, 2020). Global spending on security products amounted to $125.2 billion in 2020, registering a 6% increase over 2019 (IDC, 2020). Here are some of the essential takeaways from this selection of this year’s cybersecurity statistics: Every business should be aware of the various cyber threats that can impede its operations. (Verizon, 2020), Meanwhile, for phishing attacks, the most targeted online industries are SaaS (34.7%), financial institutions (18%), payment gateways (11.8%), social media networks (10.8%), ecommerce (7.5%), logistics (3.5%), and cloud storages (2.9%). Vdoo Another vendor targeting the security of remote work ecosystems, Vdoo offers a device security platform to protect network endpoints. Artificial intelligence (AI) is a rapidly growing field of technology with potentially significantimplications for national security. Some cybersecurity reports suggest that the fastest rising crime in the US and among the fastest in the world is cybercrime (The National Law Review, 2020; World Economic Forum, 2020). Furthermore, according to a study by P&S Intelligence, the value of the global cybersecurity market is expected to reach $433.6 billion by 2030, inclusive of the impact of COVID-19 (P&S Intelligence, 2020). document.getElementById("comment").setAttribute( "id", "a25912c1a7951166b719ff285a511ce1" );document.getElementById("g870abf955").setAttribute( "id", "comment" ); FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. The Global status report on road safety 2018 launched by WHO in December 2018 highlights that the number of annual road traffic deaths has reached 1.35 million. 30% of data breaches are inside jobs (Verizon, 2020). The cost of ransomware damage in 2021 ($20 billion) is 57 times more than the cost in 2015 (Cybersecurity Ventures, 2021). On September 30, 2020, a joint Ransomware Guide was released, which is a customer centered, one-stop resource with best practices and ways to prevent, protect and/or respond to a ransomware attack. The global cyber security market size was USD 153.16 billion in 2020. Meanwhile, in Europe, there are around 400,000 cybersecurity jobs available (eSecurity Planet, 2020). Cybersecurity remains a focus in state legislatures, as many propose measures to address cyberthreats directed at governments and private businesses. Source: YCharts In the chart above, the lines indicate the range of EV/Revenue multiples in our cohorts, while the boxes highlight the Interquartile Range (IQR), which is where the median 50% of the cohort ranks based on their valuation multiple. Cybercrimes cost the world nearly $600 billion each year, equivalent to 0.8% of the global GDP (Mordor Intelligence, 2020). 2020 was also a record year in terms of new unicorns — these are companies valued at more than $1 billion — with six new unicorns. The market grew by approximately 35 times since 2004 and is projected to grow at 9%-10% year-over-year through 2021. C-Suites: Cybercrime Damages Expected to Reach $6 Trillion by 2021. This year's event is underlined by two major news stories: 1) Coronavirus fears - IBM has pulled out of the event and […] The cybersecurity industry has a 0% unemployment rate (SecurityIntelligence, 2020). A mere 7% of organizations did the necessary steps to address the cybersecurity skills shortage (CSO, 2020). 86% of data breaches across all industries are financially motivated (Verizon, 2020). How Do the Valuation Multiples Compare to Industry The increase in the valuation multiples from March 2019 to September 2020 makes sense when you compare it to the industry performance. "The cyber ecosystem is getting more and more complex, the . This team previously traded as Ignition Financial until the 5th November 2020. Formjacking and cryptojacking are relatively new forms of cybercrimes. DevOps and app development security specialists stand to receive a premium of $12,266 should they leverage the high demand for their competencies (Forbes, 2020). Valuation multiples for M&A transactions remain robust. In this issue of Valuation Insights, we discuss data attacks that have become broader and deeper during the pandemic, a trend that continues during the recovery, and offer recommendations on how to prepare for a data breach incident. In 2020, Ubiq Security received $6.4 million in seed funding. Netskope said on Friday its valuation more than doubled to $7.5 billion after a $300 million funding round led by ICONIQ Growth, highlighting massive demand for cloud security services as cyber . 64% of Americans never bothered to check if they were affected by a data breach (Varonis, 2020). All B2B Directory Rights Reserved. Along with other hacking threats, ransomware activities will continue to be a big problem for organizations worldwide. 2020 VULNERABILITY STATISTICS REPORT. Symantec (2019, February). . The U.S. is followed by Israel ($2.7 billion), China ($1.8 billion), the UK, and Canada in terms of how much their cybersecurity companies raised between 2011 and 2020. We provide enterprise value multiples based on trailing Revenue, EBITDA, EBIT, Total Assets, and Tangible Assets data, as reported. Taking a look at a real-world example, in August 2020, Lumen Technologies Inc. announced a sale of its telecommunications assets in 20 U.S. states. The conversation surrounding state of the European cybersecurity market will continue at the TMT M&A Forum Europe 2020 in London on May 14, where Panos Metsis and Matthew Jacobs will be joined by Carlos Alberto Silva, MD at Sonae IM to take a deep-dive into M&A and investment in this space. One wrong move and you can leave the . The Australian Cyber Security Centre (ACSC) is based within the Australian Signals Directorate (ASD). In the third quarter of 2020, 3,818,307 email threats related to COVID-19 detected (Trend Micro, 2020). Sales are expected to increase in the coming months as taprooms start to reopen, but total sales for 2020 will almost certainly be down from 2019 total sales. US Bureau of Labor Statistics (2020, September 1). Israeli cybersecurity companies raised a total of at least $1.1 billion in the first quarter of 2021, which ended Wednesday. For Dell EMC Cyber Recovery versions 18.1.0-529 through 18.1.1.3-9, the security update is contained in the release 18.1.1.4-10. 55% of business executives plan to increase their budgets for cybersecurity in 2021 (Forbes, 2020). Auth0 plans to utilize the newly infused 6 million by 2027; it is expected to grow at a CAGR of 10. Join our community of 2,000 + Founders, Entrepreneurs & Advisors. This book will be of use to those studying information security, as well as those in industry. IT Security governance is becoming an increasingly important issue for all levels of a company. The number of cybersecurity jobs around the world is around 3.5 million (PwC, 2021). This product was written by the Cybersecurity and Infrastructure Security Agency (CISA) and the Multi-State Information Sharing & Analysis Center (MS-ISAC).
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