not vested
5 Cybersecurity Stocks to Watch As the Trend Heats Up
by Vince Martin
Source: Investor Place
https://finance.yahoo.com/news/5-cybers ... 53055.html
I have specifically outlined the bizarre “coincidence” of the World Economic Forum’s Event 201 exercise, a war game co-funded by Bill Gates and Johns Hopkins and launched in October of 2019.
Event 201 simulated a global novel zoonotic coronavirus pandemic (supposedly spread from bats to people) that “required” a global lockdown response.
Only two months later the real thing actually happened. Almost every aspect of the Covid event has played out exactly as was practiced during the WEF war game.
If Event 201 is any indication, then we should remain vigilant and watch carefully for another major cyberattack affecting the supply chain within two months of the WEF’s Cyberpolygon exercise in July.
Worldwide spending on risk-management technology and information security is expected to grow 12.4% to $150.4 billion by the end of this year.
For 2022, the firm thinks that number could swell another 13.3% to $170.4 billion.
Year to date, HACK is only up about 7%. That’s despite the increase in cybersecurity spending this year and next.
Cyberattacks have become so frequent that they now average 2,200 per day – one every 39 seconds.
The global cybersecurity market was valued at $139.77 billion last year, according to Fortune Business Insights. Fortune projects 13.4% annual growth through 2029, which would almost triple the market to $376.32 billion.
Another report from market research firm Gartner says organizations will spend more than $188 billion on cybersecurity next year, with that number increasing to $262 billion in 2026.
According to Research And Markets, the global cloud security market is projected to grow from $34.5 billion in 2020 to $68.5 billion in 2025, at a compound annual growth rate (CAGR) of 14.7%.
Key computer systems at hospitals and clinics in several states have yet to come back online more than two weeks after a cyberattack that forced some emergency room shutdowns and ambulance diversions.
As a result of the attack, some elective surgeries, outpatient appointments, blood drives and other services are still postponed.
Globally, the health care industry was the hardest-hit by cyberattacks in the year ending in March. For the 13th straight year it reported the most expensive breaches, averaging US$11mil each. Next was the financial sector at US$5.9mil.
Health care providers are a common target for criminal extortionists because they have sensitive patient data, including histories, payment information, and even critical research data.
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