'The problem is not building products in San Antonio, it's finding the funding to keep it here,' said Charles Woodin, CEO of Geekdom.
Thomas Ervin, a UTSA lecturer and FBI cybersecurity specialist, speaks about cellphone malware during a cybersecurity panel at Geekdom on Wednesday.San Antonio’s cybersecurity sector is strong but lopsided, said local industry leaders who participated in a Geekdom panel.
, a San Antonio-based cybersecurity services firm. “The challenge for us is to keep those product companies and developers here.”. Thomas Ervin, a UTSA lecturer and cybersecurity specialist at the FBI’s San Antonio office, and Jeff Fair, vice president of cybersecurity at the San Antonio Chamber of Commerce, also took part in the discussion.Success! You're on the list.
Woodin echoed the point: “The problem is not building products in San Antonio, it’s finding the funding to keep it here.” Companies end up being pulled to Austin by the many investors who live there and want the ventures they fund to be closer to them. The Air Force is a major local employer of cybersecurity professionals, and when veterans leave the service, they often gravitate toward defense contractors that service the military.
These companies are all providers of cybersecurity services. For San Antonio’s IT industry as a whole, products-based companies generate the majority of the local economic impact while employing a fraction of the industry’s employees. The local IT industry — which in addition to cybersecurity includes sectors like cloud computing and digital retail — had an economic impact of $6 billion on the products side and $4.9 billion on the services side in 2020, according to afrom Tech Bloc.
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