30 Jan Halcyon Reduces Ransomware Downtime And Recovery Costs
This week in cybersecurity from the editors at Cybercrime Magazine
–Sausalito, Calif. – Jan. 30, 2025
Modern defensive cyber solutions, while impressive, have failed in the face of cheap and easy-to-create – and most importantly lucrative – ransomware, according to Austin, Texas-based Halcyon, an anti-ransomware company.
Halcyon claims to have built the first anti-ransomware engine to tackle this problem. Their team has spent decades building name-brand security products and delivering security consulting to much of the Fortune 500.
Richard Seewald, Founder & Managing Partner at Evolution Equity Partners, and Steve Morgan, Founder of Cybersecurity Ventures, recently discussed Halcyon’s one-of-a-kind solution on the Cybercrime Magazine Podcast.
“Watch out for Halcyon,” says Seewald. “Halcyon is growing tremendously well. They have a great team that is the best in the business led by Jon Miller, their co-founder and CEO.”
Morgan had an opportunity to see Miller present recently at Evolution’s annual investor conference. “There’s very, very few companies doing what Halcyon is doing, who are built around anti-ransomware.”
The need to protect against ransomware, and the market opportunity for it, can not be over-stated. Ransomware will cost its victims around $265 billion (USD) annually by 2031, Cybersecurity Ventures predicts, with a new attack (on a consumer or business) every 2 seconds as ransomware perpetrators progressively refine their malware payloads and related extortion activities.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
