Virginia Economic Review

VEDP Vice President of Knowledge Work Meghan Welch spoke with Steven Chen, the founder of PFP Cybersecurity, about the cybersecurity funding environment in Virginia.

Candice Ling is a senior vice president at Microsoft and head of the company’s federal government business unit. Previously, she served as the company’s government industry lead in Asia.

Brad Medairy is executive vice president at Booz Allen Hamilton, a Virginia-based Fortune 500 company where he leads the national cyber account and focuses on the cyber missions of national-level clients like the FBI, the U.S. Department of Defense (DoD), the U.S.

Quokka entered the cybersecurity world with a big reputation — under its previous name, the company landed on the front page of The New York Times after discovering a critical security vulnerability in some Android smartphones that sent user data to Chinese servers.

Cybersecurity attacks are evolving at rapid speed, and the U.S. lacks sufficient professionals to address them.

In an era where cyberattacks threaten everything from bank accounts to national security, the need for cybersecurity has never been higher. In 2020, data breaches, ransomware, and other cybercrimes cost the United States over $4 billion in damages, according to the Federal Bureau of Investigation.

Recently, an Air Force research agency reached out to George Mason University (GMU) with a pressing issue. Drones were attacking Air Force facilities around the globe.

Virginia's proximity to the federal government and the wealth of private technology leaders headquartered in the Commonwealth have helped its workforce rise to the forefront of the cybersecurity industry.

In an increasingly digital world where data breaches, ransomware attacks, and other cybercrimes are pervasive, a skilled cybersecurity workforce is more important than ever. Yet the industry grapples with a significant worker shortage.

States, nations, and any municipality can build and tout their critical infrastructure that, on the surface, may appear second to none. Think: thriving, automated food and agriculture ecosystems. Sprawling office buildings outfitted with remote smart sensors. Unflappable financial markets.

COVID-19 has underscored the value of businesses embracing digital technologies in the healthcare space — from telehealth and remote patient monitoring to artificial intelligence (AI) for predictive analytics and diagnostic insights.

Across the wireless industry, 5G — the fifth-generation technology standard for broadband cellular networks, meant to deliver higher data speeds, lower latency, more reliability, and higher capacity — has been not just the next big thing, but a family of next big things.