4 Hot Cybersecurity Stocks To Invest In For A Prosperous 2020

The year 2019 has been a good year overall for the cybersecurity industry as a number of cyber-attacks and data breaches plus the consequences of old violations kept the stocks rallying throughout.

Here we paint a general picture based on the expected trends, which are likely to shape the cybersecurity landscape in 2020.

Top Risks & Trends of 2020

  • IoT Security: Growing number of connected devices among enterprises is expected to increase the need for efficient monitoring and management of threats on real-time basis. Detection and prevention of advanced attacks are likely to gain more significance than device profiling and inventory, which have been the focus of IoT-technology providers so far. However, lack of end-to-end IoT-focused security service solutions is a headwind.
     
  • Industrial Security: With the advent of industry 4.0, new risks crept in this year, which might pose major threats in 2020. Development of the Industrial IoT, digitization of factories and the infusion of AI made industrial networks more connected, thereby exposing the industrial sector to even more security perils.
     
  • Growing Adoption of the Zero Trust Approach: As more and more enterprises transition their workloads and data to the cloud, every point in the network is becoming more vulnerable to security infringement. Therefore, perimeter security is no longer enough to protect the organization from safety lapses. Summing up, the model follows one rule, “Never Trust, Always Verify”.
     
  • Serverless Security: Emergence of serverless computing technologies, such as AWS Lambda, is projected to drive demand for security solutions, which have the ability to prevent any breach that happens due to increased misconfigurations and security gaps.
     
  • Emergence of SASE Technology: SASE (secure access service edge) was recently acknowledged by Gartner as one of the most promising emerging technology in enterprise networking. Uptake of this technology is likely to be driven by an ongoing architectural transformation of traditional data center-centric networking and security to the cloud technology for better catering to the current mobile workforce as well as achieving higher acceptance of the same.
     
  • Data Breaches: This continues to be the biggest cybersecurity concern. Web application flaws are a leading source of data breaches, making web application security a top priority for all organizations as they approach the new year. Per Cybersecurity Ventures, cybercrime is anticipated to cost businesses globally by more than $6 trillion annually within 2021.
     
  • Automation and Integration: Security professionals are forced to do more with less. So, automation and integration are becoming necessary across the board. By integrating security with agile processes, such as DevOps, organizations can effectively manage risk. Numerous web applications combining multiple web services are difficult to secure while automated solutions are becoming necessary to reduce the workload on security teams.
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Bruce Powers 10 months ago Member's comment

Good stock picks. The CyberSecurity sector will only continue to grow.