NEWS / MEDIA

October 2020 – BlackCloak mentioned in Business Insider article on Where Insiders Say to Place Your Investments

October 2020 – BlackCloak mentioned in Business Insider article on Where Insiders Say to Place Your Investments

October 20, 2020 – Business Insider released their article, “Investment in the booming cybersecurity industry could be one of ‘the first signs of recovery’ – here’s where five insiders say to place your bets in the fast-growing industry” which mentions BlackCloak.

Cybersecurity is heading into the home stretch of 2020 as a bright spot in investing – especially for new startups that address certain areas such as remote work needs – according to a new report and commentary from top investors. This makes investment in cybersecurity an early and promising area of economic recovery from the COVID-19 downturn, they say. New research from cybersecurity startup accelerator DataTribe shows seed investment in security startups is booming, both in comparison to past years and to other parts of tech.

Mike Janke is quoted in the article saying protection of executives working at home is a hot trend, led by DataTribe investment BlackCloak.

“You now have CEOs, CFOs, and board members all working from home, on home networks,” he says, where they are vulnerable to hackers, including well-funded nation-state hackers from adversaries such as Russia, China, North Korea, and Iran.

Read the full article here: https://www.businessinsider.com/investors-cybersecurity-startups-kleiner-bain-netskope-biocatch-2020-10

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