Cyber Security market

Yesterday I ran across an article (securitymagazine.com) which talks about the growing menace of cyber in-security. According to the article, hackers cost the US $2.4 trillion this year.

Also noted: * Cybercrime losses due to a rising number of software vulnerabilities . Losses rose 64% from 2020 to 2021 and are on track for a further 42% increase from 2021 to 2022. The quantity and cost of cybercrime incidents have been on the rise for over a decade, and now account for a sum equivalent to the world’s third-largest economy after the U.S. and China.

Looks to me like our security companies still have a long runway.

Gordon

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Or maybe a better mousetrap will come along and obviate endpoint security as we know it.

But more relevant, not every growing industry is necessarily attractive for investors. I bet shipping is ever-growing, but no one is getting rich investing in fedex or UPS. And look how Teladoc has failed as an investment as their industry has exploded with growth.

As always, the company’s numbers will tell the true story.

Bear

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