Roth International says Cybersecurity is becoming less of an option and more of an absolute necessity in today’s business world.
Japan., March 15, 2014 - (PressReleasePoint) - Japan-based investment house, Roth International says it expects stocks in companies specializing in software or network security to continue their rise in the coming months and years.
In a scheduled client investment bulletin, the firm suggested that high-visibility cyber breaches like that which befell US retail giant, Target may become far more widespread without the constant innovation of companies in the security field.
“There’s been a flurry of activity in the sector within the last 12 months,” said a Roth International researcher. “Network giant Cisco Systems recently bought up security specialist Sourcefire in a large deal worth some $2.7 billion while a stocks offered in recent cybersecurity IPOs have doubled, tripled or even quadrupled in value in as little as 6 months,” he continued.
The firm says it sees a point in the very near future when companies engaged in any form of online business will simply be unable to ignore the requirement for high-grade protection against cyber-attacks from an ever-more sophisticated criminal element.
“There really will be no choice for companies with any kind of web or cloud presence. They will have to protect themselves and this can only bode well for cybersecurity companies so we’re particularly bullish on those stocks at the moment,” said the Roth International researcher.
“Companies need to consider not only the cost of the theft of data from their databases but also the loss of goodwill and confidence if customers feel they cannot entrust a particular company with their personal information,” concluded the Roth International researcher.
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