2 Artificial Intelligence (AI) Cybersecurity Stocks to Buy Hand Over Fist in April
The benchmark S&P 500 index is up 10.5% in 2024 so far, and it's on track to enter April near an all-time high. However, that doesn't mean there is an absence of opportunities for those looking to buy stocks.
According to a prediction by the researchers at Cybersecurity Ventures, cybercrime will cost the world $9.5 trillion in 2024. Research firm McKinsey & Company predicts the corporate sector will spend approximately $213 billion on cybersecurity this year to combat those threats, a figure it says is grossly inadequate.
McKinsey believes companies should be spending up to $2 trillion per year, collectively. That spending gap will likely contract in the coming years as cyberattacks cause more financial and reputational damage to businesses.
Source Fool.com
