Why Economic Downturns Put Innovation at Risk And Threaten Cybersafety

The article warns that a slowdown in venture financing—highlighted by the SVB collapse—could stifle cybersecurity innovation and weaken defenses, potentially enabling increased cybercrime. It cites historical rises in cybercrime after economic shocks and the pandemic, promotes ethical hackers and bug-bounty programs (e.g., HackerOne, Hack the Pentagon) as cost-effective ways to maintain security, and urges organizations to pursue innovative, efficient security approaches amid budget constraints.