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Analysts, experts and politicians are warning Americans about the increasing threat of cybersecurity attacks from Russia. Analysts have been anticipating the surge since the start of Russia invading Ukraine on Feb, 24, which in turn, some see as sector investors should focus on.
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Wedbush Securities analyst Dan Ives said in a research note sent to GOBankingRates on Friday, March 4, that with a significantly elevated level of cyberattacks now on the horizon, he believes added growth tailwinds for the cyber security sector — which was already poised to grow 20% year-over-year industry-wide in 2022 pre-Ukraine conflict — and well-positioned vendors should be a focus sector for tech investors during this market turmoil.
“Based on our conversations with enterprises/CISOs and contacts in the Beltway, there is a growing concern that massive cyberwarfare could be on the near-term horizon which would certainly catalyze an increase in spending around preventing sophisticated Russian-based cyber-attacks going after data centers, networks, vulnerability points, and other highly…
