Cybersecurity continues to be a hot topic, both for business and organizations trying to protect themselves and for investors looking to cybersecurity providers as significant growth opportunities right now and well into the future.
Below are some of the major cybersecurity trends affecting cybersecurity stocks in 2021.
Growing Threat of Cybercrime
Cybercrime is one of the major themes dominating headlines in business and financial publications around the world. High-profile intrusions, thefts and extortions are on the minds of business leaders in ways that they haven’t been for some time, and perhaps never have.
What’s more, the remote work revolution precipitated by the 2020 pandemic has dramatically increased the rate of digital transformation in organizations across industries. The adoption and integration of new software and internet-enabled technology create a multitude of new vulnerabilities and entry points for cybercriminals looking for easy money.
The malware, and particularly ransomware attacks taking advantage of all of this digitization, also look to be changing in nature, if not intent.
In 2021, the “spray and pay” nature of modern ransomware attacks, where criminals simply fire out as much malware as possible in the hopes of entangling a target, appears to be evolving towards a model whereby hacking and malware groups go after bigger fish in the hopes of landing a bigger payday.
A recent report from Cybercrime p ..
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