Archives For News

IBISWorld: 10 industries will increasingly depend on cybersecurity

Emily Kimball —  April 19, 2013

If your company uses the Internet to share information, you may consider amping up your cybersecurity.

According to a recent IBISWorld report, 10 growing industries will increasingly depend on cybersecurity services—ranging from data encryption to protection from malware—within the next five years.

Industries include the following:

  • Online Payment Processing Software Developers
  • Virtual Data Rooms
  • Online Insurance Brokers
  • IT Security Consulting
  • Operating Systems and Productivity Software Publishing
  • Identity Theft Protection Services
  • Financial Data Service Providers
  • Online mortgage brokers
  • Database, Storage and Backup Software Publishing 
  • Data Processing and Hosting

These industries represent a sizable portion of the national economy, which could become compromised if not protected from Internet threats, the report showed:

These industries form a growing part of the US economy, according to IBISWorld estimates, together totaling an estimated $207.1 billion in revenue in 2013. In fact, if these industries represented a country, it would have the 46th-largest economy in the world, ranking just above Algeria and below Portugal. In the five years to 2018, these industries are forecast to grow at a combined annualized rate of 7.7% to $285.9 billion, compared to projected average annual GDP growth of 3.3%. The 10 industries are also highly profitable, with an average total profit margin of 17.5%.

Find the full article through IBISWorld here.

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Industry partners join the National Cybersecurity Center of Excellence

Emily Kimball —  April 15, 2013

ROCKVILLE, Md. — In recognition of the critical need to protect private-sector intellectual property and other valuable business data from a growing number of cyber threats 11 major companies have formally established partnerships with the National Cybersecurity Center of Excellence (NCCoE). U.S. Senator Barbara Mikulski, U.S. Cyber Command Commander/National Security Agency (NSA) Director General Keith B. Alexander, Maryland Governor Martin O’Malley, Montgomery County Chief Executive Isiah Leggett and Under Secretary of Commerce for Standards and Technology and NIST Director Patrick Gallagher joined the new partners for a signing ceremony today at the NCCOE’s facilities in Rockville, Md.

The center, a public-private partnership hosted by the U.S. Commerce Department’s National Institute of Standards and Technology (NIST), works with industry, academic and government experts to find practical solutions for businesses’ most pressing cybersecurity needs. The NCCoE was formed through a Memorandum of Understanding between the state of Maryland, Montgomery County and NIST.

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VIDEO: InvestMaryland Challenge awards $100,000 to RedOwl Analytics

Emily Kimball —  April 12, 2013

UPDATE: RedOwl Analytics was named a category winner of $100,000 in the InvestMaryland Challenge. Get the full story here.

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Finalists in the information technology category of the InvestMaryland Challenge represent some of the most innovative start-ups in Maryland and beyond. Among the top three is cybersecurity company RedOwl Analytics.

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Sen. Mikulski to participate in National Cybersecurity Center of Excellence partners signing

Emily Kimball —  April 12, 2013

Maryland U.S. Senator Barbara A. Mikulski plans to participate in a signing ceremony at the National Institute of Standards and Technology for new private sector partners that will collaborate with the National Cybersecurity Center of Excellence on Monday, April 15.

According to a statement from the senator’s office:

The new partners will pledge to contribute hardware and software components and share cybersecurity best practices and personnel with the center in an effort to address current cybersecurity threats. Senator Mikulski will be joined by Governor Martin O’Malley, Montgomery County Executive Ike Leggett, Commander of U.S. Cyber Command and NSA Chief General Keith B. Alexander, and Under Secretary of Commerce for Science and Technology and NIST Director Patrick Gallagher …

The NIST signing ceremony follows Senator Mikulski’s Potomac Cyber Jobs Tour earlier this month, where she met with our nation’s cyber leaders at NSA, IARPA, the FBI and the Pentagon supporting national security and Maryland jobs. As both the Chairwoman of the Appropriations Subcommittee on Commerce, Justice and Science and a member of the Select Committee on Intelligence, where she served on the Cyber Security Task Force, Senator Mikulski has been working to make our country safer and our economy stronger.

Find more information on the event through the NIST website here.

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Maryland cybersecurity company Sourcefire names new CEO

Emily Kimball —  April 11, 2013

Prominent Maryland cybersecurity company Sourcefire announced this week that board member John Becker will become the new CEO. Former CEO John Burris retired in October and is being treated for cancer.

Becker said in a statement released by the company: “I am honored and excited to be named Sourcefire’s CEO. As a board member, I have witnessed firsthand how Sourcefire has established itself as an outstanding organization based on innovation, industry leading solutions, a diverse go-to-market model and a strong company culture. I look forward to building on this solid foundation as we continue to drive the future of network security, capture our significant market opportunity, and grow the Company.”

Find the full release, including Becker’s work history, here.

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GovConnects to focus on Fort Meade business opportunities

Emily Kimball —  April 11, 2013

GovConnects’ monthly business breakfast series will focus on business opportunities, including cybersecurity needs, in Fort Meade, Maryland. Presentations are planned April 30, starting at 7:45 a.m. at the University of Maryland University College at 6865 Deerpath Road in Elkridge.

Tickets, $35 for members and $45 for non-members, are available on the GovConnects website.

Find the full flier promoting the event, including the planned guest speakers, below

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