The world is going digital at a rapid pace in the wake of the pandemic, and companies slow to update their operations or taking a lax approach to security are facing real-world consequences. The widespread hack exploiting SolarWinds (NYSE: SWI) and the Colonial Pipeline shutdown are just two examples.
According to the FBI, reported cybercrime doubled in 2020 with nearly 792,000 reported incidents in the U.S. alone. There is clearly opportunity for cybersecurity services to expand given the massive need to keep tech systems safe.