State & Local Government Policy, Business and Technology

NYC's latest moonshot challenge targets cybersecurity for small businesses

StateScoop: Officials in the New York mayor's office recently discovered that while the city's tens of thousands of small business owners are aware of the serious cybersecurity threats at large, they can't afford to defend against them the way big companies do. So, the city announced on Thursday a "moonshot challenge" for industry to develop "cutting-edge" but affordable cybersecurity solutions for small and midsize businesses.

With more than $1 million in funding up for grabs, the challenge represents a "significant opportunity" for the city, said Jeremy Goldberg, NYC's deputy chief technology officer and managing director of NYCx, a technology division of the mayor's office that runs the challenges.

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