2 Cybersecurity Stocks You Can Buy and Hold for the Next Decade
According to IBM, the average cost of a data breach is $4.35 million. While this figure includes the cost of the breach, customer loss, and fixing the problem, it's still a hefty hit that many businesses couldn't survive.
The answer to these problems? Better cybersecurity software. That same study also found artificial intelligence (AI)-powered security reduced data breach costs by 70%. Additionally, customers with these types of cybersecurity programs also experience breaches less often.
This aspect makes this software invaluable, and the providers often make great investments. Even during difficult economic times, companies aren't just going to eliminate their cybersecurity provider. It's this kind of necessity that adds to the investment thesis of cybersecurity companies.
Source Fool.com
