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Malicious Life

Norse Corp.: How To NOT build a cybersecurity startup

Malicious Life

Malicious Life

Technology

4.81K Ratings

🗓️ 27 November 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

Norse Corp.: How To NOT build a cybersecurity startup



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Transcript

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0:00.0

In early February 2016, Norse Corp was disintegrating.

0:06.5

The high profile security startup, which described itself as, quote, the world's largest

0:12.0

dedicated threat intelligence network and was widely known for

0:16.1

its innovative live attack map technology was falling apart. Its website went dark. Its new CEO, appointed just weeks earlier after the previous CEO was fired,

0:29.1

told employees that they were welcomed to show up to work, but there's no guarantee that they will be paid.

0:36.2

Norse for all intents and purposes was dead.

0:40.5

It was a horrible death, perhaps even the worst demise that a business can experience, complete with allegations about scams, bitter blog posts from former employees and public clashes on Twitter.

0:55.8

It was pretty dramatic.

0:57.3

In fact, I don't know of another cyber security firm that had as dramatic of a demise

1:02.1

as Norris did. It was pretty spectacular. Hi, I'm Ryan Levy.

1:15.0

Welcome to Cyber Reasons's malicious life. A few days earlier.

1:34.0

On February 1st, 2016,

1:37.0

Ryan Krebs published in his Uber Popular blog,

1:40.0

Krebs on security.com, an article with the headline sources security firm

1:46.4

Norse Corp imploding. In his article, Krebs reported that Norse's CEO and

1:52.4

co-founder,

1:53.5

Sam Glines, was asked to step down by the company's board of directors.

1:58.5

Krebs then goes on to voice accusations from former employees of the company such as Mary Lantzman, a data scientist who joined Norse in 2014.

2:10.0

Quote, I realized that, oh crap, I think this is a scam

2:15.0

Lensman said they're trying to draw this out and tap into whatever the

2:20.6

buzzwords du jour there are and have a product that's going to meet that and suck in new investors."

2:28.0

End quote.

...

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