As the world become more connected, it also becomes a more dangerous place, as there will always be someone out there looking to take advantage of the system for their own personal gains.
This reality was once again in the forefront over the weekend, as a massive ransomware virus known as WannaCry spread across the globe and captured headlines. The virus infected hundreds of thousands of computers, and held those computers hostage until users paid a fee to unlock their system.
WannaCry is just the latest global attack that has both companies and individuals scrambling to beef up protection on their computers and networks.
Following the spread of WannaCry, and the extensive news headlines, major cybersecurity stocks moved higher. The rationale behind the sectors move is that the market expects increased demand for cybersecurity services as fear spreads of future attacks.
The internet is both a blessing and a curse, as it allows us to handle more of our day to day to lives from the comfort of our computers, but it also puts a lot of personal information at risk, which is why cybersecurity services will only increase in demand in the years ahead.
Let’s take a look at a handful of leaders in the cybersecurity sector, and whether they look like buy candidates at this time.