Cyber Forcefield
The Russian invasion of Ukraine has presented the world with a war that we haven’t witnessed in decades. Now that a nuclear power is involved, the world is on high alert, although the use of nukes is highly unlikely. After all, that would likely result in the end of the world, so nations on both sides of the war are being forced to use traditional land combat. Due to the world being as digital as it is, cyber-attacks have started to be used by nations like Russia due to its effectiveness, and cyber operations are even being used against Ukraine in the war. We’ve seen countless examples of how harmful cyber-attacks can be with the Colonial Pipeline, but there must be some defense, right?
Defense exists in the form of cyber security, and some of these businesses are your favorite names in the stock market. CrowdStrike is one of these businesses, along with Microsoft, Darktrace, Palo Alto Networks, and many more. While other stocks have been struggling in the market, these companies have been killing it. CrowdStrike is up by almost 30 percent in the last week, and Darktrace has followed suit in the London Stock Exchange. Just like Zoom was built well for the pandemic, these companies are built for Russian escalation. Businesses are now turning to cybersecurity companies to build strong walls against possible hacks, protecting their businesses. Cybersecurity, and tech as a whole, has had a rough 2022 as the sector has pulled back from the hot 2021 year, but this news has kept investors alive. Whether this stays for the long-term is yet to be seen; however, it’s clear cybersecurity will be getting some more business!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
