2 Cybersecurity Stocks Well-Positioned Amid Increased Ransomware Attacks
These stocks can be on investors’ watchlists as organizations spend more IT security dollars.
These stocks can be on investors’ watchlists as organizations spend more IT security dollars.
We can expect a ransomware attack every two seconds in 2031--an increase from every 11 seconds in 2011, according to Cybersecurity Ventures. Ransom payments and related costs will also skyrocket over the next decade, with estimated costs growing to $265 billion in 2031 from $65 billion in 2021.
Sachin Nagarajan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.