In recent years, more than half of all attacks were launched against small and medium sized businesses, in part because their defenses are minimal and easy to overcome. Unfortunately, this pervasive myth has left many businesses open to attack. Some small and medium sized business leaders fail to take precautions, because they are under the impression that cybercriminals focus on big companies. In 2019, small and medium sized businesses made up just 13 percent of the total cybersecurity market, and their average spend was approximately $500 each. In many cases, they simply lack the resources necessary to add comprehensive security measures to their IT infrastructure.īut which stocks are best positioned to solve the cyberthreat issue facing businesses and consumers? The Market Opportunity for Avast Small and medium sized companies are less likely to make big investments in cybersecurity. By 2022, global spending on cybersecurity is projected to reach $170 billion. Large organizations are investing substantial amounts in cybersecurity, and that figure is going up every year. Avast Stock Forecast: Cybercrime is more common than ever before, and industry experts estimate the total damage caused by cybercriminals in the trillions.
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