Global Cyber Threat Index Map 2024 Check Point Software’s 2024 Cybersecurity Report states that in 2023, hackers targeted 1 in 10 organizations globally for ransomware attacks. Key points from the report: - 2023 saw significant changes in the cyber security landscape, with the evolving nature and scale of attacks - Cyber threats gained wider attention, from government agencies to the general public - New attack vectors emerged, targeting devices like routers and switches - Major organizations were hit by attacks using stolen credentials or malicious software - Artificial Intelligence (AI) played a more significant role in cyber attacks, particularly phishing campaigns - Some of the world’s major economies face significant cyber threats (see image below). Download Check Point Software’s full report here: https://lnkd.in/dFq-asVJ If you or someone you know has a strong track record in such categories, please contact Evolution Equity Partners. #cybersecurity #defendandprotect #saas #venturecapital
Evolution Equity Partners
Venture Capital and Private Equity Principals
New York, New York 5,190 followers
About us
Evolution Equity Partners is an international venture capital investor leveraging deep sector expertise to help exceptional entrepreneurs develop market leading companies. Evolution has invested in the US, Europe and in emerging markets and assists portfolio companies to expand in new markets. Segments where Evolution invests include: Information Security, Enterprise Software & Solutions, Consumer Current and previous portfolio companies include AVG Technologies (AVG : NYSE), Cognitive Security (CSCO : NASDAQ), OpenDNS, SecurityScorecard, 60K, NEJ-TV among others
- Website
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http://www.evolutionequity.com
External link for Evolution Equity Partners
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Venture Capital
Locations
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Primary
10 East 53rd Street
18th Floor
New York, New York 10022, US
Employees at Evolution Equity Partners
Updates
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Evolution Cybersecurity TV Originals: Adam Keown is Global CISO at Eastman a Fortune 500 company based in Kingsport, Tennessee. In this episode, he joins host Steve Morgan to discuss some of the largest recent cyberattacks and data breaches. #EvolutionCybersecurityTV https://lnkd.in/ePvHmkN7
CISO Talk Teaser: Adam Keown, CISO at Eastman. Brought to you by Evolution Equity.
https://www.youtube.com/
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Do you still value growth over profitability in SaaS? 🤔 The Rule of 40 sets the industry standard for healthy growth, where the sum of the growth rate and profit margin should be 40% or above. However, as companies grow, maintaining high growth rates becomes more challenging, so they often focus on increasing profitability to maintain a good Rule of 40 score. We wrote about the importance of weighting growth vs. profitability based on the company's stage, economic environment, and investor preferences. Only ∼3% of companies can maintain high growth rates in large, concentrated markets. It wouldn’t be accurate to value growth as much as in earlier stages. Some tips on achieving the Rule of 40 as growth stalls: 1. Set realistic growth targets 2. Prioritize net retention (aim for 120% or more) 3. Optimize go-to-market spend 4. Look for strategic partnerships and acquisition opportunities 5. Use data-driven decision-making. Learn more about The Weighted Rule of 40 (and how to get there) on our Centers of Excellence blog post here: https://lnkd.in/e9HXsfRM #b2bsaas #growth #venturecapital #vc PS. 🔔 Follow Evolution Equity Partners for more insights on Cybersecurity and Venture Capital.
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Join us in fabulous Las Vegas at Black Hat 2024 on Wednesday August 7th at a Cybersecurity VIP Recption held at the The Venetian Resort Las Vegas. We look forward to meeting with many cybersecurity entrepreneurs and executives at the show together with our partners Merlin Ventures and Glilot Capital Partners and in association with SafeLogic, CyberArk , Davis Polk & Wardwell LLP and HSBC Innovation Banking. #BlackHat2024 #Cybersecurity #EvolutionPortfolio
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90% of data breaches in 2024 will likely include the human element. Regrettably, although they meet compliance standards, traditional Security Awareness and Training (SA&T) programs are inadequate in mitigating workforce-related cyber risks. This is a reality that more and more leaders are coming to terms with. We’ve discussed how Human Risk is quickly rising as a C-level concern. (https://lnkd.in/ev4H6uJA) But there’s a significant shift in the category right now, led substantially by Evolution’s portfolio company CybSafe, by promoting 𝗛𝘂𝗺𝗮𝗻 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 (𝗛𝗥𝗠) as a more comprehensive approach to managing human-related cybersecurity risks. HRM goes beyond SA&T: - Identifying and influencing risky behaviors - Instilling a positive security culture - Moving beyond content and experiential learning - Measuring human risk factors through third-party data integrations - Implementing targeted behavioral, policy-based, and contextual interventions - Demonstrating impact on cyber risk reduction. Thanks to CybSafe, organizations can leverage data proactively regarding human-related cyber risk instead of entirely relying on reactive SA&T programs. We at Evolution Equity Partners couldn’t be more excited about the value they’re creating for enterprises worldwide amidst a challenging cybersecurity landscape. Learn more about CybSafe’s approach to Human Risk Management here: https://lnkd.in/eVF8TkV9 #cybersecurity #evolutionportfolio #saas #defendandprotect
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Global supply chain cyber-attacks are projected to surpass $80.6 billion by 2026. How can software companies help customers reduce these financial losses? Implement DevSecOps DevSecOps is a framework that integrates security throughout software development (SDLC), fostering collaboration between developers, security, and operations. It's a cultural shift making security a shared responsibility for building secure applications faster. 👇 3 Reasons Why DecSecOps is Essential for Secure Software Delivery 1 /// Customers Have Higher Expectations Security is no longer a checkbox to avoid trouble; it's a critical investment. Customers demand not just "secure-enough" products but the most secure options within their budget. 2 /// Shifting Security Left Secures Code Faster and Cheaper Security weaknesses are identified and addressed as code is written. This reduces lingering undetected vulnerabilities that become visible much later in development when they are more time-consuming and expensive to fix. 3 /// Breaking Down Silos Increases Developer Velocity Continuous collaboration between development, security, and operations teams seamlessly integrates security practices throughout the entire process. There's no longer the disruptive "security as an afterthought" problem often present in DevOps-only environments. According to a GitLab report, 58% of IT operations and security leaders said they have difficulty getting development to prioritize vulnerability remediation, underscoring the necessity of a DevSecOp approach. At EEP, we believe prioritizing security alongside development and operations is the way forward to deliver high-quality, secure applications that meet market demands. See below for a detailed breakdown of how the DevSecOp toolchain works 🛠️ Sources: Gartner, GitLab, and Juniper Research #cybersecurity #enterprise #saas #venturecapital #identity #privacy #data Want to stay on top of the latest trends in Cybersecurity? 🔔 Follow Evolution Equity Partners on LinkedIn. We share key insights and trends that affect the industry today.
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Cytactic, the platform pioneering cyber crisis readiness and management, announced today a $16 million seed funding round led by Evolution Equity Partners. We are thrilled to be partnering with Cytactic to address this important area in cybersecurity. Businesses are scrambling to fortify their defenses against cyber threats, recognizing the widespread impact and complexity of such crises. However, studies show that most companies are not resilient in case of a cyber crisis. A new approach is crucial—one that integrates cyber crisis preparation, response management, and recovery into a unified, user-friendly platform accessible to all relevant roles and market sectors. This is where Cytactic comes in. Congratulations Nimrod Kozlovski, Founder and CEO and the entire Cytactic team. #evolutionportfolio, #DefendandProtect, #cybersecurity, Yuval Ben-Itzhak https://lnkd.in/dx-XgFFF
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51% of businesses bolster cybersecurity funding after a data breach. Without robust cybersecurity, companies face a triple threat: ⚠️ Customer Exodus A single data breach can lead to a 5% customer loss. ⚠️ Financial Hemorrahage Cyberattacks cause significant downtime, costing $450,000 per incident. ⚠️ Operational Paralysis The average downtime caused by an attack lasts at least three days. A constant barrage of phishing attempts (over 2,500 reported daily) exposes companies to potential data compromises and severe financial losses. For businesses and consumers, cybersecurity is a necessity, not a luxury. Sources: DataPatrol and Holborn Stay tuned for more insights from our Centers of Excellence content! Follow Evolution Equity Partners, the multistage venture capital firm investing in market-leading cybersecurity companies. #defendandprotect #cybersecurity #venturecapital #investors
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Tremendous work by Gadi Bashvitz and the Bright team. Bright is named a top performer by G2 in Dynamic Application Security Testing (DAST) and Enterprise Dynamic Application Security Testing (DAST). This is Bright’s third time being recognized as a DAST high performer by G2. #evolutionportfolio #cybersecurity #defendandprotect https://lnkd.in/eVV4f_dH
Bright Security high performer leader by G2 - Bright Security
https://brightsec.com
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Getting ready for your next 𝗯𝗼𝗮𝗿𝗱 𝗺𝗲𝗲𝘁𝗶𝗻𝗴? There's no one-size-fits-all board presentation, but it should include key topics in a simple, easy-to-understand format. ✅ Focus on important topics requiring attention and decision ✅ Highlight matters in a high-level, straightforward way, including 𝗰𝗼𝗻𝘁𝗲𝘅𝘁 for each ✅ Try to follow a similar agenda, including a KPIs dashboard (unless there are pressing issues to prioritize). Here’s a template you can customize with your company’s branding and style 👇 Useful? 💬 #cybersecurity #saas #venturecapital #investors Follow Evolution Equity Partners for regular insights on Cybersecurity and Venture Capital.