|Information Security Wordle: RFC2196 – Site Security Handbook (Photo credit: purpleslog)|
Many companies have experienced a threat to their cybersecurity at some point. It’s very likely that your own company has been breached, whether you are aware of it or not. Cybersecurity is an investment in protection for your company network but it can also be a money making investment as well. Money Morning has been explaining to investors why it is among the top investments available these days.
Hackers currently steal about $250 billion annually in intellectual property. Experts have estimated that corporations will spend more than $65 billion in information security by the end of 2013. That amount is set to increase to more than $90 billion by 2017. It’s no wonder that General Keith Alexander, Director of the NSA, has described cyber threats as “the greatest wealth transfer in history.”
According to MSN Money, threats to cybersecurity are not going away in the near future, which is why investing in this industry is a wise idea. One reason these threats will likely remain is an increased number of network vulnerabilities. Other factors that make companies vulnerable to cyber attacks include the increased use of the cloud for storage, the prevalence of mobile apps, and the trend for employees to use smartphones for work. As the stakes get higher and there is more money to be made on each deal, hackers are more willing to customize attacks to their targets, increasing their effectiveness.
According to research firm Gartner, about 80% of the 2,000 biggest companies in the world will soon begin strengthening cybersecurity efforts. Even the U.S. government plans to spend more on security measures. All of this means more money going around in the cybersecurity game and a chance for making two kinds of investments, both of which will serve to secure your future.
Defence Intelligence is a growing information security firm looking for investors to fund new cybersecurity research and launch new security tools and services. Contact us to discuss investment opportunities or for a free trial of our Nemesis or Harbinger services.