Is the Smart Money Chasing Privacy and Security?

A recent article in the Wall Street Journal suggests that "top-tier venture-capital firms" have invested in start-up businesses in the privacy space in recent months.  This could be a sign that the so-called "smart money" sees data privacy and security as a viable long-term industry, and not this decade’s version of Y2K.   It seems likely that  were are due for a long-term presence of privacy and security protection in our business and private lives.  While Y2K was a one-time event and and the huge amounts spent (waste?) on it left investors with a New Year’s Day hangover, the digitization of commerce grows day by day, resulting in concomitant needs for information privacy and security, which may justify the faith of investors.