A lot happened in 2016 regarding cyberattacks and while a significant amount of companies and investors sit on the fence, it is a sector that is ripe for investment. It’s no doubt been a banner year for cybersecurity and it’s clear there’s still plenty of interest, whether in companies or ETFs to invest in.
On that note, the Investing News Network (INN), has compiled a list of its three top cybersecurity news stories for 2016. Read on to see which ones grabbed the attention of our investor audience.
A perennial favourite for our readers, first up is Top Cybersecurity Companies, as according to Cybersecurity Ventures’ Cybersecurity 500 list. Unsurprisingly, this remains a hit, as our readership can see at a glance the innovators operating in the space. Updated each quarter, the most recent top five are root9B, Herjavec Group, IBM Security, Check Point Software Technologies and Palo Alto Networks.
Next on the list is an article detailing why cybersecurity is so important. The rise of data breaches, finding bigger targets with careers at stake, and company budget allocations all combine to make the issue a vital one. “Struggle between increased needs and limited funding is” the crux of the matter. For example, Yahoo! (NASDAQ:YHOO) made headlines for all the wrong reasons, when its security was compromised not once but twice.
The third on the list sets out the five major venture capital investors in the field, according to CB Insights’ Cybersecurity Industry Report. These are, namely, Intel Capital, Accel Partners, Kleiner Perkins Caufield & Byers, Sequoia Capital and Andreesen Horowitz. It’s no surprise that this piece got many hits, as their investments highlight prominent companies to keep an eye on.
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Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.