In Progress By Aviatrix

Aviatrix

In Progress By Aviatrix features candid, unscripted conversations between Doug Merritt and provocative guests from business, government, and security. No scripts. No product pitches. Just frank and open dialogue about leadership, decision-making, and the realities of building organizations--naturally with some insights about the state of cybersecurity today. Designed to give you inspiration for your own career, role, and leadership execution. In Progress: because nothing worth building is ever finished. And that's not a flaw. That's the point. New episodes biweekly on LinkedIn, YouTube, Spotify, and Apple Podcasts.

Episodes

  1. 6 days ago

    Eric McAlpine: The New Physics of Cyber

    In this episode of In Progress, CEO Doug Merritt sits down with Eric McAlpine, Founder and CEO of Momentum Cyber, the cybersecurity industry's first dedicated investment bank. Eric shares how he built Momentum after stints at Citigroup and Blackstone, and what the firm's deal data reveals about a market moving faster than anyone predicted — from billion-dollar mega deals becoming routine to an AI security M&A category that went from nonexistent to white-hot in under two years. With 218 deals in the first half of this year and strategic acquirers racing to buy what they can't build fast enough, Eric maps the forces reshaping the landscape. The conversation turns to a fundamental problem: detection alone isn't closing the gap. Doug and Eric argue that the industry's default playbook — detect faster, patch faster — misses the point, and that security needs an architectural reset. They lay out three runtime control points where threats can actually be stopped in progress: identity, compute, and network. Eric closes with a prediction: follow the talent moving between hyperscalers and AI labs, and follow the capital behind them. Key Takeaways AI security M&A is moving at unprecedented speed. A category that didn't exist two years ago jumped from 10 deals last year to a projected 50–60 by year-end, as companies like CrowdStrike, Palo Alto Networks, and Akamai spend hundreds of millions to fill AI roadmap gaps.The mega deal era is accelerating. Cybersecurity M&A is on pace to exceed last year by 10%, yet most deal values remain undisclosed, making the market harder to read than it appears.Detection without prevention is a dead end. The industry excels at seeing threats but struggles to stop them. Investors are responding, backing prevention-oriented companies with outsized funding rounds.Security needs to go back to first principles. Three runtime control points — identity, compute/endpoint, and network — are the foundational layers where organizations can stop attacks in progress.

  2. 5 Aug

    Keith Wojcieszek: Cybercrime Runs Like a Fortune 500 Company

    In this episode of In Progress, CEO Doug Merritt sits down with Keith Wojcieszek, former Chief of the Secret Service's Cyber Intelligence Section, to unpack what modern cybercrime actually looks like. Keith draws on his career-defining case against Roman Seleznev, once one of the world's most prolific credit card data traffickers, to show how cybercriminal operations now run like Fortune 500 companies or cartels, with developers, brokers, and money launderers each playing a defined, well-compensated role. He also traces how ransomware economics have shifted, why many groups have dropped encryption altogether in favor of simpler extortion, and how AI is making both attackers and defenders faster.  Doug and Keith also dig into what separates organizations that handle breaches well from those that don't: preparation. Drawing on incidents like the Colonial Pipeline shutdown and the Stryker attack, they argue the real vulnerability isn't how attackers get in, but how fast and far they can move once inside. It's a conversation about treating cybersecurity as a business risk rather than a purely technical one, and why boards need answers to hard questions before, not during, a crisis.  Key Takeaways  Cybercrime is organized like a business. Roles are specialized and clearly compensated, from malware developers to money launderers, making these networks resilient and hard for law enforcement to dismantle. Ransomware economics are shifting. The cost of storing and servicing stolen data has led many groups to abandon encryption entirely in favor of extortion alone. Lateral movement, not initial access, is the real threat. Incidents like Colonial Pipeline and Stryker show that how fast attackers spread internally matters more than how they got in. Preparation is non-negotiable. Boards should know who's responsible for which decisions in the first 24 hours of an attack, well before one happens.

  3. 22 Jul

    Nick Reva: Assume Containment, Not Breach

    Nick Reva's path to becoming Global Director of Engineering Security at DoorDash started with a high schooler's curiosity about getting around network restrictions to reach Napster — a rabbit hole that turned into a career spanning Wrigley, PwC, SpaceX, and Snap, where he went from analyst to Snap's 32nd security hire and eventually turned what he learned into a Udacity course on cloud-native security and an upcoming book. In this episode of In Progress, Nick and Doug dig into why "assume breach" might be the wrong mindset for the cloud era, what it actually takes to build guardrails developers will use without a fight, and how Elon Musk's first-principles thinking reshaped the way Nick leads security teams — a conversation about engineering discipline, practical risk management, and why a cracked-open window in your cloud environment might matter more than the breach itself. Key takeaways:   Why Nick argues the industry should shift from "assume breach" to "assume containment" — and what that changes about incident response The guardrails-not-gates philosophy that lets developers move fast without becoming security experts How Nick's team found a workable path through an "impossible" secure-SDLC mandate on SpaceX's Falcon codebase Applying Elon Musk's first-principles reasoning to break security problems down to their core "whys" Why Nick sees cloud security footholds as a societal and economic risk, not just a technical one

About

In Progress By Aviatrix features candid, unscripted conversations between Doug Merritt and provocative guests from business, government, and security. No scripts. No product pitches. Just frank and open dialogue about leadership, decision-making, and the realities of building organizations--naturally with some insights about the state of cybersecurity today. Designed to give you inspiration for your own career, role, and leadership execution. In Progress: because nothing worth building is ever finished. And that's not a flaw. That's the point. New episodes biweekly on LinkedIn, YouTube, Spotify, and Apple Podcasts.