26 Sep Cybersecurity Stocks Could Be A Great Investment Heading Into 2025
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the Full Motley Fool Story
Sausalito, Calif. – Sep. 26, 2024
According to Cybersecurity Ventures, cybercrime is expected to cost the world $10.5 trillion in 2025. Companies are investing a growing amount of money in protection, but there is still an enormous gap between how much they are currently spending and how much they should be spending.
A report by McKinsey & Company suggests the corporate sector allocated $150 billion to cybersecurity software in 2021, with that figure growing by 12.4 percent annually. That could take spending to a record $239 billion in 2025, but the research firm says that figure should be closer to $2 trillion in order to protect against an increasingly ominous threat landscape.
Since the cost of cybercrime continues to rise, that spending gap is likely to close over time, which is why cybersecurity stocks could be a great investment heading into 2025 (and beyond). The Motley Fool explains why SentinelOne (NYSE: S) and Tenable (NASDAQ: TENB) might be two of the best picks.
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