In today’s digital age, the urgency to beef up cybersecurity has never been greater. With the global cybersecurity market set to hit $208.8 billion this year, companies are investing heavily to combat rising threats. As attacks become increasingly frequent and costly, businesses can’t afford to skimp on protection.
Just recently, the importance of cybersecurity was brought into sharp focus when a software glitch from cybersecurity giant CrowdStrike Holdings, Inc. (CRWD) caused a significant tech outage, locking millions of users out of their Windows devices. While this hiccup sent CRWD’s stock reeling with a double-digit drop, it also drew attention to the ubiquitous technology.
Given this backdrop, investors could consider safeguarding their portfolios by investing in these three fundamentally strong software-security stocks.
This post originally appeared at StockNews.com.