29 Jun 3 Cybersecurity Stocks That Could Make Your Grandchildren Rich
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full InvestorPlace Story
Sausalito, Calif. – Jun. 29, 2024
InvestorPlace reports that the rise in cybercrime in recent years, driven by increased digitization and attackers deploying more advanced technologies, has increased investor interest in cybersecurity stocks for long-term growth.
To put things into perspective, Cybersecurity Ventures predicts that the cost of cybercrime will reach $10.5 trillion annually by 2025. That’s a massive number, considering that most cyberattacks can be prevented with better detection.
In response to these challenges, companies deploying technologies to combat malicious attacks are experiencing significant growth.
InvestorPlace looks at three cybersecurity stocks well-positioned to generate long-term returns: CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Cloudflare (NYSE: NET).
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