Investing in Cybersecurity Technologies has evolved as corporate America shifts business workloads to cloud computing service providers. Many stocks in Cybersecurity enjoyed a big run this year but many have be consolidated amid concerns over durability of corporate security spending .
At this point in time no cybersecurity stocks are on IBD Leaderboard Premium list /IBD 50 roster of fast growing companies. The case of Cyber Ark software that had earned show on IBD 50 roster list earlier this year.
Investing in computer security technology remains a priority as cyberattacks proliferate. Hackers continue to steal sensitive data such as credit card data and intellectual property. And extortion is on the rise. Hackers are increasingly using ransomware. They demand payments to let companies regain access to their own information.
On the other hand about Cloud Computing
Cybersecurity stocks also span a wide-range of products and services. It behooves an investor to know which cybersecurity companies address ransomware, phishing or other kinds of cyberattacks.
according to the survey trend; it is evident that companies which invest in cloud computing their priorities change.