While seemingly everyone loves talking about the dramatic advancements in technology in recent years, investors ought to consider the caboose of this freight train: cybersecurity stocks. No, it’s not the sexiest idea to bring to the table. But where there’s smoke, there’s fire.
What on earth do I mean by that? Basically, as innovation improves, so too does the means of exploiting such advancements for nefarious purposes. Just look at what happened to Clorox (NYSE:CLX) last year. A consumer goods giant, Clorox shares stumbled as news broke about the extensive damage the company incurred due to a cyberattack. So, that’s a clear catalyst for cybersecurity stocks.
With so much at stake, digital protection could be profitable. On that note, here are cybersecurity stocks to consider.
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