Attractive valuations for fast-growing tech 'utility'

Cybersecurity spending to hit $172bn

A hack that halted Royal Mail’s export operations indefinitely and the World Economic Forum warning of a gathering “cyber storm” has thrust cybersecurity centre-stage for 2023.

The cybersecurity theme is one that has proven resilient to market gyrations and uncoupled from economic cycles, making it an attractive investment proposition both now - when valuations are compressed and stocks look leaner - and with robust growth forecasts. An essential utility As technology has become interwoven through the fabric of modern life, so has the ubiquity of cyberattacks. Cyberattacks around the world increased by more than one-third from 2021 to 2022, and UK attacks increased by 77% last year. UK company profit warnings spike 50% in 2022 The total estimated dam...