With this year’s RSA Conference taking place as a fully virtual event, it’s no surprise that the impact of the pandemic on the cybersecurity industry was front and center. From talks focused on remote work to the rapid increase in ransomware attacks, the ways that the COVID-19 crisis have accelerated digital transformation and impacted the threat landscape drove much of the conversation all week.
One panel that caught our eye was about how the pandemic has impacted cyber investing. Featuring Dino Boukouris from Momentum Cyber, Dr. Chenxi Wang from Rain Capital and Saam Motamedi from Greylock Partners alongside the Wall Street Journal’s Rob Sloan, the panel detailed how cloud security and zero trust will continue to be a focus through the COVID era and beyond.
Boukouris called out iboss during the talk as one of the leading network security companies that has caught the attention of investors and customers. This is largely due to the ongoing migration from on-prem appliances to cloud-based Secure Access Service Edge (SASE) platforms. As organizations seek to improve connectivity and security for increasingly remote and dispersed workforces, the on-prem model of routing all network traffic back into the four walls of the office no longer makes sense.
As COVID-19 has exposed the vulnerabilities of outdated, hardware-based cybersecurity solutions, organizations of all sizes are implementing modern architecture that provides network security in the cloud to ensure both safety and productivity. With remote workforces increasingly relying on cloud applications — from Microsoft 365 and Google Docs to DropBox, Zoom and others — SASE platforms like iboss SASE Cloud provide infinite scalability while ensuring fast, secure and compliant connections.
At iboss, this shift to the SASE model has given us a firsthand view of what Dr. Wang described during the panel as “great momentum in cloud security.” We recently closed out a record quarter for growth that started with a $145 million funding round in January and included the launch of a new channel partner program, the addition of more than 70 new enterprise customers and more than 50 employees (and counting!).
Even as the world begins to open up again, forward-thinking businesses understand that the digital transformation progress they’ve made in the last year can’t slow down. The future of work is remote — and in the cloud — and the SASE model will continue to define the next generation of network security.