Two billion emails are sent out every day and more than 1 billion contain malware. Believe it or not, the number of malicious emails sent out per day exceeds the number of people living in all of Europe.
The threat has never been greater. The cyber security industry’s profitability runs high and the reasons could fill all of the pages in an encyclopedia. But, because your time is valuable, we’ll bring you a short synopsis.
Malware threats are proliferating at an alarming rate, with an estimated 10 million new malware threats created per month. New strains of malware are resilient or resistant against old malware fixes. Think multi-drug-resistant tuberculosis overriding world-class treatment strategies. Same phenomenon. We need what feels like millions of new solutions per month to match the 10 million new threats.
As technology grows in sophistication, defense mechanisms must evolve with it. Biometric passwords, for example, are gaining popularity, and the market needs security systems capable of fiercely guarding against biometric identity theft. As a past CyberTalk article notes, once biometric passwords are stolen, they are rendered permanently useless. Uncompromising defense is imperative.
Given the escalating number of cyber attacks, the opportunity for cyber security companies to expand their line of products and services is robust. Artificial intelligence (AI), for example, has built itself into a menace in unexpected ways, but AI is also being developed to fight AI. Cyber security firms are furiously vying to develop AI systems that detect viruses by identifying patterns of malicious behavior in software. These systems could also be adapted to fit into online security architecture, and for contending with malicious domains.
Top analysts unanimously agree that cyber security stock is certainly not worth selling, and the majority of analysts contend buying it is a good idea in the current market.
For more information about cyber security investments, visit Statista.