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20 Jul The Small Cybersecurity Company Winning Big In The Cybersecurity Space

Posted at 09:59h in Blogs by
This week in cybersecurity from the editors at Cybercrime Magazine

– Read the Full InvestorPlace Story

Sausalito, Calif. – Jul. 20, 2024

InvestorPlace reports on Alarum Technologies (NASDAQ: ALAR), a hot publicly-traded company based out of Israel and a global provider of internet access and web data collection solutions.

Alarum’s revenue for the first half of 2024 is estimated at $17.2 million, representing an increase of more than 35 percent compared to the same period in 2023. NetNut, a secured hybrid proxy network, accounted for the bulk of revenue.

The value of Alarum, a dual-listed company with shares traded in Tel Aviv and New York, is close to $200 million, according to CTech.

Cybersecurity Ventures predicts that the cost of cyberattacks worldwide will hit $9.5 trillion this year. With the number of attacks expected to increase, companies are preparing for battle by spending more money on cybersecurity to keep them at bay. As investors, this means that there’s a lot of money to be made on the legal side of the table.

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