High-Tech Industry Adjusts its Sails in Uncertain Times: March Client Coverage Highlights
Cyber Security, High Technology, Public Relations, Technology Posted Apr 10, 2020 by Doug De Orchis
There aren’t many facets of life that the COVID-19 pandemic hasn’t touched, and the high-tech industry is no exception. Starting in March, the country witnessed a mass exodus of professionals taking their work from the office and setting up shop in their homes. Remote work has become a new way of life for many, but it has also presented new cybersecurity challenges. Cyber professionals have new attack vectors to protect, and cyber criminals have found new opportunities to profit. Many companies, including those in high-tech, have stepped up to the plate by helping others in need at little or no benefit to themselves. These stories and more on how clients are making a difference in the market and in general are reflected in these March 2020 coverage highlights below.
Financial Review, Drop the old energy paradigm, says battery pioneer
Christina Lampe-Onnerud, Founder and CEO of Cadenza Innovation, has become well known internationally within the energy storage industry as a battery expert and pioneer. Recently, Christina has called others to rethink the way they price traditional energy and how the industry can transition into clean energy faster than the world’s current rate. She has dedicated her career to creating energy storage alternatives for a sustainable and renewable future as a way to combat climate change.
Cybercriminals prey on fear, tricking innocent people to divulge their private information, and the COVID-19 epidemic has provided the perfect breeding ground to hatch new phishing campaigns. Tim Bandos, VP of cybersecurity for Digital Guardian, explains that while the total number of cyberattacks he’s seen hasn’t necessarily increased in frequency, the share of COVID-19 themed phishing attacks has risen sharply.
Amid the coronavirus, Boston Globe reporter Scott Kirsner recently caught up with some startup companies and investors to discuss the new stimulus package and what that means for the technology industry and the future. Evolv Technology CEO Peter George told Scott he is thanking his lucky stars that Evolv raised $33 million at the end of 2019, which included Florida Governor Jeb Bush’s firm, Finback Investment Partners, and existing investors Bill Gates, DCVC (Data Collective), General Catalyst Partners, Lux Capital, SineWave Ventures and others. Evolv is now hunkering down to navigate through this “contraction,” as Peter calls it, saying he’s “been around for other contractions and expansions in the market. This is a contraction time.” Traditionally focused on identifying weapons or the faces of individuals on a watch list, Peter notes that there’s “suddenly a new threat: people with a fever. We’re right now investigating the capability,” adding that Evolv has an advanced technology team working on it, which is being spearheaded by founder Mike Ellenbogen.
Over the last few weeks, everyone across the world has in some way been affected by COVID-19. Many companies have adapted to a work from home structure that leaves many wondering what this means for their business and their industry down the road. Stephen Ward, the VP of marketing at RiskLens, shared with CNN his insight to teleworking, teleconferencing and refraining from travel during this difficult time, saying there is software built to enable solutions for these types of problems.
As Coronavirus makes its way through the US, the public and private sectors are faced with new economic and logistic challenges to keep their operations running. To help out, many security companies are offering free or discounted software to affected organizations. For its part, Virtru is offering free and unlimited licenses of their data protection and privacy tools to K-12 schools, state and local governments, and healthcare organizations.