Brief reflections on the Cyber Investing Summit
We have a few quick notes on last week's Cyber Investing Summit in New York City.
First, one of the consequences of the move to 5G appears to be greater dependence on satellites to carry Internet traffic. This will in all likelihood require that new generations of communications satellites be reprogrammable, and with such flexibility comes vulnerability: what can be reprogrammed can also be hacked.
And in a keynote, Roger Thornton, AT&T Cybersecurity's vice president of products and technology, asked how we wound up with three-thousand or so cybersecurity companies? Do we need that many? He noted that consolidation of cybersecurity companies is already underway. Of those three-thousand some firms, Thornton said, the revenue of the top five amounts to ten percent of the sector's total revenue.