04.06.2023 18:00:00

1 Unstoppable Stock Down 60% You'll Regret Not Buying on the Dip

According to a forecast by research firm McKinsey & Company, damage caused by cyberattacks will top $10.5 trillion by 2025 -- a number that will have quadrupled since 2015. Companies spent just $150 billion on cybersecurity in 2021, a number that grew by 12.4% in 2022 to $168 billion. Here's the problem: A survey suggests threat volumes doubled over that period, so McKinsey believes corporate investment in cyber protection is far too low.The firm says companies should collectively be spending as much as $2 trillion on cybersecurity right now, more than 10 times what they're actually spending. While there's no guarantee the value gap will be filled, some cybersecurity providers are experiencing a surge in growth right now even in the face of a weak economic environment, pointing to elevated levels of demand.Continue reading
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