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.

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Source Fool.com