This Help Net Security video features General Partner Marcus Bartram on stage. telstra ventureshas this to say about their cybersecurity predictions for 2024:
- The US will be in recession by the fourth quarter of 2024, and technology companies will continue to cut jobs. Yet, despite the vast technological talent in the market looking to create the next generation of disruptive companies, prices remain depressed, allowing VCs to take advantage of these economic conditions and increase investment. Opportunities will arise.
- Cyber activity and regulation in the generative AI market will continue to drive opportunities for early-stage technologies in this space.
- Cyber budgets will remain flat for the next 12 to 24 months, so prioritization, detailed cost analysis, and understanding risk trade-offs will all be critical.
- As cybercrime is powered by LLM capabilities, insurance is beginning to decide how to underwrite the risks posed by generative AI.