2023-04-16 10:15:00 ET
While the COVID-19 pandemic has accelerated the pace of digital transformation in the world, it has also resulted in a dramatic rise in the frequency and cost of cybercrimes. According to VentureBeat, the number of internet attacks globally rose from 32.5 million in 2021 to 35.4 million in 2022. The global cost of cybercrimes has also exploded from $6 trillion to $8.4 trillion in the same time frame.
In this elevated threat environment, cybersecurity has become mission-critical for the smooth functioning of enterprise and government operations. Zscaler (NASDAQ: ZS) and CrowdStrike (NASDAQ: CRWD) have been benefiting from this trend and can prove to be relatively safe choices for retail investors in the current volatile high-interest-rate environment.
Here's why these stocks are worth buying in April 2023.
For further details see:
2 High-Growth Cybersecurity Stocks to Buy in April 2023