Former Splunk CEO: The Cybersecurity Industry’s $119 Billion Record Year Is Masking a Structural Crisis

1 hour ago 1

Article content

Aviatrix CEO Doug Merritt to challenge conventional wisdom at Momentum Cyber’s AIxCYBER event in Austin

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

Austin, TX, March 04, 2026 (GLOBE NEWSWIRE) — Attackers move laterally through a compromised cloud network in 29 minutes. The fastest do it in 27 seconds. Defenders take an average of 241 days to notice. Doug Merritt, CEO of Aviatrix® and former CEO of Splunk, says that asymmetry isn’t a technology problem—it’s an architectural one. And AI is about to make it catastrophically worse. 

Article content

Article content

Article content

“The cybersecurity industry just had its best financial year in history, and enterprises have never been less secure,” said Doug Merritt. “That’s not a paradox—it’s the inevitable result of trying to solve an architectural problem with 76 point solutions. And by the way, AI doesn’t fix this. AI makes it both worse and significantly more urgent.”

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Merritt will make this case at AIxCYBER, hosted by Momentum Cyber on March 12 in Austin, TX. The panel—“The $119 Billion Bet: Why Agentic AI Just Made Cybersecurity the Most Strategic and Valuable Market in Tech”—draws on data from Momentum Cyber’s 2026 Cybersecurity Almanac, which documented $119 billion deployed across 1,222 transactions, with M&A deal value up 270 percent year-over-year. 

Article content

Merritt will introduce a framework he calls the Architectural Divide—the widening gap between the speed at which enterprises deploy cloud and AI workloads and their security architecture’s ability to enforce consistent policy across them. He argues the problem is structural, not solvable by adding more tools, and that the industry’s $119 billion record year is the market repricing because the problem is unsolved—not evidence that it’s being fixed. 

Article content

Article content

As CEO of Splunk, Merritt led the company through its transformation from on-premises data platform to cloud native leader through Cisco’s $28 billion acquisition. He has lived the innovation-to-fragmentation-to-consolidation cycle firsthand—and argues cloud security is deep in the fragmentation phase, with consolidation coming. 

Article content

Panel Details

Article content

Event: AIxCYBER, hosted by Momentum Cyber 

Article content

Date: March 12, 2026 

Article content

Location: Austin, TX 

Article content

Panelists: Doug Merritt (Aviatrix), Eric Foster (TENEX.AI), Greg Genung (Snowfire.AI), Creighton Hicks (LiveOak Ventures) 

Article content

Moderator: Eric McAlpine, Founder & CEO, Momentum Cyber 

Article content

Article content

About Aviatrix 

Article content

For enterprises struggling to secure cloud workloads across multi-cloud, hybrid, and edge environments, Aviatrix® delivers what 76 tools cannot: a single architecture for pervasive cloud security. The Aviatrix Cloud Native Security Fabric (CNSF) provides runtime security and enforcement within the cloud infrastructure itself. For more information, visit aviatrix.ai

Article content

Article content

Article content

Article content

Article content

Article content

Alicia Pollard Aviatrix 888-311-8328 [email protected]

Article content

Read Entire Article