Market Research: Cybersecurity Stocks And Why I Believe In Them
Tangent with statistics on the demand for cybersecurity.
An Overlooked, Increasingly Costly Risk
There’s no other way to say this. Companies will need to spend billions in the coming years on cybersecurity in order protect their customers, themselves, and the country at large.
Per Statista, the annual number of data compromises in businesses has grown by over 10x since 2005.
With each new compromise, millions of records are exposed impacting literally billions of people. There is more than enough justification for every company to ramp up cybersecurity spending, which is why I see potential in this industry.
Just like wars catalyze military-related stocks, cyber attacks catalyze cybersecurity stocks. Now we’re seeing an unprecedented amount of cyber attacks, and reactive legislation that will incentivize businesses be proactive (i.e., spend sooner) with respect to cybersecurity. The result? A large demand for cybersecurity stocks, and a growth-y investment opportunity.
Severity and Frequency Have Increased
Companies will need to spend now in order to prevent losing even more later.
Here’s what the data says.
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