Paladin Capital Releases First-Ever Report on Emerging US Billion-Dollar Security Technology Market
WASHINGTON, January 12, 2022 / PRNewswire / – Paladin Capital Group, an investor in cyber and advanced technology, has released the first-ever report and analysis of the emerging online security technology industry in the United States. Based on research undertaken by the world renowned cyberpsychologist professor Marie Aiken, the report finds that more than $ 1 billion was raised in external investments in favor of “Safety Tech”, which aims to provide safer online experiences by protecting users from harmful content, contact and behavior on the Internet. Innovation in Safety Tech has the potential to protect people from technology-facilitated online harm, from targeted harassment and abuse to disinformation and hate speech.
Paladin report reveals that the United States now has a large and rapidly growing security technology industry, which includes 8,800 security technology professionals in more than 160 companies dedicated to online security technologies , compared to less than 100 companies just five years ago. In 2020 alone, Safety Tech companies raised nearly a quarter of a billion dollars in new investments.
“Online threats have evolved beyond code vulnerabilities, and there is a new and growing need to protect the human component of cyberspace,” said Mike steed, Founder and Managing Partner of Paladin Capital, which specializes in investing in technology solutions that make infrastructure, businesses and society safer. “Our country’s adversaries wage conflict and sow public mistrust on a human level through online harassment, disinformation and deception. But the good news is that there is a growing market for solutions that address these risks and multiple opportunities for investors like Paladin, technology platforms, entrepreneurs, and policy makers to support these solutions. “
As online platforms have grown dramatically in recent years, cyber businesses have turned to Safety Tech solutions to protect users from harm through apps that include parental controls, AI programs that monitor abuse and harassment in online forums, organizations using intelligence on threats and cyber fraud, technologies that help protect the integrity of elections, and news monitoring algorithms that flag foreign disinformation campaigns. The report highlights a taxonomy of Safety Tech solutions operating at the system, platform and endpoint level, as well as in the information environment. The report also takes into account “cyber-physical” solutions, which are companies that harness technology to protect people in the physical world, for example by detecting and alerting law enforcement agencies of gun violence.
“We found evidence of a growing and booming security technology sector in United States, which offers solutions to protect people from psychological risks, criminal dangers and harm online, ”said Professor Marie Aiken, who is Paladin Strategic Advisor and principal investigator for this report, as well as a Academic advisor to Europol and Interpol. “The urgency of these innovations has never been greater, as users seek to protect themselves from the corrosive effects of disinformation, online harassment, discrimination and extremism that increasingly threaten democracy. and civil society. Used in conjunction with cybersecurity tools, Safety Tech provides technological solutions to technologies that have facilitated criminal and harmful behavior online and empowers us to create a safer and more secure Internet for all. “
The full report is available here.
ABOUT THE PALADIN CAPITAL GROUP
Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage investor, Paladin focuses on companies whose technologies, products and services address global cybersecurity and digital infrastructure resiliency challenges for commercial and government customers. Follow the firm on Twitter @Paladincap and visit www.paladincapgroup.com.
ABOUT THE PROFESSOR MARIE AIKEN
Professor Mary Aiken PhD is a world-renowned expert in cyberpsychology – the study of the impact of technology on human behavior. She is Professor of Cyberpsychology and Chair of the Department of Cyberpsychology at Capitol Technology University, Washington DC first STEM university. Mary is Professor of Forensic Cyberpsychology at the University of London is and adjunct professor at the Geary Institute for Public Policy University College Dublin. She is a member of the INTERPOL Global Cybercrime Expert Group and Academic Advisor to the European Cybercrime Center (EC3) at Europol, member of the Royal Society of Medicine, member of the Medico-Legal Society and international affiliate member of the American Psychological Association (APA). Mary is a Global Fellow at the Washington DC Wilson Center, a leading global think tank and a fellow of the Society for Chartered IT Professionals. Professor Marie Aiken is recognized as an international expert in policy debates at the intersection of technology and human behavior.
SOURCE Paladin Capital Group