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28/04/21
15:05
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Originally posted by dbd25:
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Cyber security is definitely a bull sector. We are seeing reports of cyber attacks on government (fed and state), big business, small business, public works (water), media, health providers & hospitals, universities, etc. almost on a daily basis. The damage done in each attack can be substantial with the victims taking weeks or months to properly recover, and with significant cost. A week ago a Bloomberg report forecast annual spending on cyber security will exceed $200 billion by 2024. Every media article I'm reading suggest the cyber industry is one of the most rapidly growing. I can't actually think of anything I've read in at least a year that even suggests that cyber security will become less important going forward in time. It's rapid growth as a sector will continue, regardless of what happens with Covid, or international politics. If anything if these two get worse, cyber security will see an additional boost. I'm with you spiderman14, I think the big instos are trying to squeeze out the mum and dad investors from TNT. All IMHO, DYOR
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Will there be mandatory cyber security down the track for business? That would set a turbocharged fire under the whole sector.