Editor’s note: Steve Herrod is managing director at General Catalyst Partners and the former CTO and SVP of R&D of VMware.
As we bear witness to the aftermath of major attacks this year against the likes of Target, Home Depot, Neiman Marcus and most recently, Sony, it becomes clear that we are entering an entirely new “war” against cyber crime. Those who do not change their approach will lose.
The sophistication and proliferation of advanced malware is greater than it has ever been, and widespread awareness of this problem is being fueled by the near daily headlines touting the latest company to fall victim to a cyber attack. Large enterprises are investing more money into cybersecurity technologies than ever before, and the need for a stronger and more comprehensive security model has become a board-level discussion as the severity of these attacks hits home for businesses and consumers alike.
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