Barak Ravid interviewed by Bloomberg Radio Daybreak Asia
In “Continued Consolidation Likely in Cybersecurity Sector,” Bloomberg Radio Daybreak Asia discusses cybersecurity threats and avoiding data breaches.
EY-Parthenon Managing Director and Co-head of Technology Barak Ravid highlighted that companies are now facing new, more sophisticated types of threats, and because of this, are allocating significant amounts of capital into security products. While companies have more to spend on security, it’s becoming more difficult for them to decide how to spend their money wisely on protecting themselves.
Barak also explains that M&A in the enterprise security industry has increased by 50% in the last three years because of the increasing threats, more companies addressing those threats and IT security buyers wanting to work with fewer vendors than they do now.