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Latest Cybersecurity Stock News
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Why Invest in Cybersecurity Stocks
Cybersecurity is a huge industry today, but the need for it was nonexistent until the 1970s. Back during the days of the ARPANET (the predecessor of the Internet), a programmer named Bob Thomas made a discovery. He realized he could use a computer program to spread from system to system within the network, accessing any terminal he wanted. Thomas had no sinister intent with his program — it simply posted a message on other computers saying, “I’M THE CREEPER. CATCH ME IF YOU CAN.”
The Creeper was eventually caught by the Reaper. Reaper was the original antivirus program, written by Ray Tomlinson and given the directive of finding and deleting the Creeper program. Thus, the cybersecurity field was born. But the attacks soon became much more malicious.
The first denial-of-service (DoS) attack happened in 1988, from a code written by MIT graduate student Robert Morris. Morris’s computer worm tore through college computer systems, creating massive slowdowns and crippling the newborn internet. The code replicated uncontrollably, although it didn’t contain any harmful instructions or do damage to files.
Morris’s objective remains ambiguous (some sources theorize the code was released entirely by accident), but the internet slowdowns did cause monetary damage and Morris was tried and convicted under the Computer Fraud and Abuse Act. However, the Morris worm paved the way for many of today’s most malignant viruses and malware.
Today, cybersecurity is more important than ever because attackers are getting more and more clever. Both federal offices and private companies like Target, Equifax and Yahoo have been hacked and millions of people have had their personal information exposed. Ransomware attacks like the WannaCry virus are particularly nefarious since they basically hold computer systems hostage for payment. New threats are always lurking.
The cybersecurity industry is currently a multibillion market and is expected to grow to $270 billion and beyond by 2026. Plus, advances in AI development should speed up the efficiency and implementation of cybersecurity systems. Investing in cybersecurity firms seems like a slam dunk, but you still need to pick good companies. Like any market sector, the most profitable business models can still be sunk by bad management and excessive debt.