Cybersecurity is a Growth Industry and a Legitimate Business Concern
THE BOTTOM LINE UP FRONT
Over the last two weeks, the media has captured the seriousness of the potential threat to U.S. critical infrastructure from Chinese hackers. While this threat appears to be part of a well-orchestrated plan by the Chinese government in case of a conflict with the U.S., it does spotlight how vulnerable developed societies are to cyber attacks from state actors like China, Russia, Iran and the North Korea and non-state actors.
Attacks on critical infrastructure have the potential to cause disruptions to daily life and business operations, including major delays to critical supply chains. Such delays could create another supply chain crisis as experienced during COVID-19. One need only look at the returns of some of the major cybersecurity companies over the last twelve months and one will see that the market thinks cybersecurity is a growth industry. That’s good for an investment perspective but also indicates the demand for cybersecurity solutions and the realization that cyber-attacks will become more common in the future as we move toward a more technologically integrated society.
