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3 Cybersecurity Stocks to Invest In Now
By The Smart Investor  •  November 30, 2020
As businesses digitalise in response to the COVID-19 pandemic, they have to contend with another problem: cybersecurity. According to a survey by technology conglomerate, Cisco Systems (NASDAQ: CSCO), businesses in Singapore have seen a significant increase in cybersecurity challenges with three out five respondents reporting that they experienced at least a 25% increase in cyber threats since the pandemic began. Part of the reason why this is happening is that the shift to remote working makes companies more susceptible to attacks when employees connect to their corporate networks outside of traditional offices. Businesses that experience a surge in the usage of their services have also become more vulnerable. One recent example is the data breach suffered by e-commerce firm, Lazada, which is owned by Alibaba (HKG: 9988). The breach led to the compromise of more than one million customer accounts on its online grocery delivery service, RedMart, and exposed personal details that were linked to the accounts....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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