#50: Cybersecurity riches, Wiz's $23B offer, and the "Apple Pay of Identity"

In #50, Michael Sikand (@michaelsikand) and Simran Sandhu (@simmy) dive into the booming cybersecurity market, highlighting recent incidents and opportunities. They discuss the CrowdStrike internal error that impacted major companies and the potential $23 billion acquisition of Wiz by Google. The hosts emphasize the financial potential in cybersecurity, noting the industry's growth from $182 billion in 2023 to an expected $314 billion by 2028. They explore various business ideas, including incident response services, consumer-focused cyber products, and identity verification solutions like Footprint. The episode also touches on the rapid growth of companies like Drada and Vanta, and the potential for ClEAR to have an "Nvidia moment" in the future. The hosts conclude by encouraging listeners to consider opportunities in cybersecurity, a field they believe is as lucrative as AI. 05:30 - CrowdStrike Incident and Market Impact 10:00 - Rise in Cyber Attacks and Ransomware 15:00 - Potential in Cybersecurity Services and Insurance 20:00 - Ashley Madison Hack Documentary 25:00 - Identity Verification and Biometric Security 30:00 - Footprint: Apple Pay for Identity 35:00 - Wiz Acquisition by Google 40:00 - Clear's Potential in Identity Verification 45:00 - Consumer-Based Cybersecurity Products #Cybersecurity #TechTrends #StartupStories Learn more about your ad choices. Visit megaphone.fm/adchoices