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Is Boston the Next Cybersecurity Hub?


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Image: Photo courtesy of Blue Coat Photos, Flickr (CC BY-SA 2.0)

If you're seeking a career in cybersecurity (and you should!), you want to avoid San Francisco, Seattle, San Jose, and Austin and consider less saturated markets. According to a recent Deloitte study, all the technically adept people flock to these four cities creating a talent shortage in other markets.

There is no better time to be a cybersecurity professional -- the median starting salary for a data security analyst is $121,000 and $137,000 for an information-systems security manager.

While you're at it, why not consider Boston? If it's good enough for Israeli startups, it's probably good enough for you. In recent years, more than a dozen Israeli cybersecurity startups including Tufin, Morphisec, Hexadite, Cybereason have migrated to Boston, thanks to a booming market of customers and local tech talent, WBUR noted.

Boston has emerged as a hot market for cybersecurity startups -- you don't have to take my word for it.

Check out the headquarters of cybersecurity firm iboss. When deciding to leave San Diego to relocate iboss, CEO and co-founder Paul Martini said he considered different options, from San Francisco to New York City. Eventually, Martini said that the “staggering” access to talent and the great tech scene that Boston had played a major role in his decision.

Armored Things, another cybersecurity company based in downtown Boston is working towards strengthening public safety using IoT devices. One of the services the company is creating is a camera response system that collects enough data to notice inconsistencies.

If there is talent, there must be a takeover. Earlier this year, Amazon acquired Cambridge cybersecurity startup Sqrrl, founded in 2012 by a team that included six former National Security Agency workers. Sqrrl provides software that can detect, investigate and visualize advanced cybersecurity threats in large sets of data. It's not just Amazon from Seattle, Microsoft acquired Israeli transplant Hexadite for $100M in June last year.

Cybersecurity dark horse Carbon Black pegged its IPO valuation at $1B. The company reported $162 million in revenue in 2017, up more than 39 percent over 2016.

So here's a handy list of the top cybersecurity startups in Boston (Help us update the list if you are a startup) and tips to make it in the market. Attention: Threat Stack is hiring


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