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Corporate spending on cyber security is expected to grow by 14% in 2024 according to research firm, Gartner, and that’s better than most information-technology spending categories suggesting that many cybersecurity software and hardware companies should be excellent long-term buys.
This is a one-of-a-kind original article by Lorimer Wilson, Managing Editor of munKNEE.com – Your KEY To Making Money! A more lengthy version of this article was posted here.
What Are The Main Types Of Cyber Security?
There are 4 types, namely:
- Network security: protects the connections between networks, including data transfers to and from the internet, and hardware like routers and switches
- Endpoint security: protects devices like laptops, phones, and servers
- Application security: protects software, data and access at the individual application level
- Cloud security: protects cloud environments and data from vulnerabilities and threat actors (source)
AI’s Role In Cyber Security
AI makes it a perfect value addition technology for cyber security because it is fundamentally a complex mathematical equation that generates outputs with new data by using existing data which enables cyber security companies to train their models with data from previous attacks to create autonomous systems that can detect if an attack is ongoing based on certain readings. This provides companies and users with a critical capability in the risk management framework, as it increases their lead time for an attack and allows them to prepare mitigation and response strategies.
Cybersecurity Software and Hardware Stocks Index
For a short list of the top 10 of those companies in munKNEE’s new Cybersecurity Software and Hardware Stocks Index continue reading…