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Daily Reminder: The ‘Cyber Security’ Fad Was a Scam

Wednesday, March 1, 2017 23:41
% of readers think this story is Fact. Add your two cents. / Dr. Fly / Mar 1, 2017 

With so many Russian hackers out there wreaking havoc, you’d think there would be demand for these piece of shit software companies who take advantage of weak minded morons running IT budgets for fortune 500 companies. I can recall a conversation that I had with an executive at Bofa/Merrill, who was in charge of a $500m per annum IT budget, who declared the cyber security sector ‘a fucking scam’ — bitching about prices being artificially and predatorily high.

When he took the role, he canceled all contracts and was working on crafting new ones — at much lower prices. That was two years ago.

Since then, $FEYE is down 75%, $VDSI -48%, $CUDA -37%, $QLYS -24% and today’s leader to the downside, $PANW -18%.


The post Daily Reminder: The ‘Cyber Security’ Fad Was a Scam appeared first on Silver For The People.


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