Talent crunch stunts potential for startups in booming cybersecurity scene
High-profile security breaches create openings for newcomers, but funding activity still centres on Israel, US
Singapore
CYBERSECURITY has become one of the hottest startup investment themes this year, thanks to the spotlight cast on the sector by high-profile security breaches and pandemic-driven demand.
Like Israel and the US, Singapore is seeing more venture capital (VC) flowing into cybersecurity. But making a mark is still tough, as startups here are hampered by talent shortages and a lack of maturity in the regional market.
