Arguably, cyber security is one of the biggest threats facing the well-being and financial security of individuals, companies and governments across the globe. According to Cybnit, a company which provides learning and training solutions across the cyber security spectrum, there is a hacker attack every 39 seconds in the U.S., affecting one in three Americans each year. Cyber security attacks are coming from all over the world and not just from the basements or attics of a lone, disgruntled coder. In our opinion, there is no time like the present to focus on cyber security stocks.
Notably, only 38 percent of global organizations claim that they are prepared to handle a sophisticated cyber attack. Symantec, a company which provides cyber security products and solutions, reported that over 20% of cyber attacks in 2017 came from China, 11% from the U.S. and 6% came from the Russian Federation. Cybersecurity Ventures said that damages related to cyber crime are projected to hit $6 trillion annually by 2021. more