Home Scam/Fraud 7 Cybersecurity Stocks To Buy for a Big Biden Administration Push

7 Cybersecurity Stocks To Buy for a Big Biden Administration Push

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Cybersecurity gained prominence as digitalization became a buzz word during the pandemic. A recent FBI report cites cyber-scam figures that reached 791,790 incidents in the past year, with losses exceeding $4.2 billion. The surge in attacks has spurred businesses and governments to increase their spending on protection, creating a significant tailwind for some cybersecurity stocks.

The demand for next-generation security software keeps on getting stronger. According to research firm Gartner, global spending on cybersecurity could exceed $150 billion in 2021. In order to capitalize on this hot market, cybersecurity companies are either investing heavily in organic growth or merging with other firms into larger and organizations.

As a result, prices of many cybersecurity stocks have gone up significantly. The share price of Global X Cybersecurity ETF (NASDAQ:BUG) is up 49.3% in the past 12 months as net assets in the 41-stock…

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