News provided by FinTech Global – As COVID-19 continues to sweep across the globe, a whole other type of virus might be boosting the strength of the cybersecurity sector.
Last week the CEO of Avast made a claim. While it probably past most of the general public by, it highlighted a notion that seems to becoming more and more prevalent. Ondrej Vlcek, the CEO of Avast, spoke after the cybersecurity company had become a FTSE 100 company.
What he said was that not “only are the tech stocks now more resilient than most other industries, but COVID-19 has also been associated with a significant increase in cyber attacks. So I don’t see it as a coincidence that we’re being added now.” In other words, the coronavirus could seemingly spell out good news for cybersecurity companies.
And it’s easy to see why he might have a point. Ever since the health crisis began, the news have been absolutely overflowing with stories about the increasing risk of hack attacks brought on by COVID-19. Cyber criminals have upped their digital assaults. Bodies like the World Health Organization, the FBI and the European Central Bank (ECB) have all warned that the pandemic has seemingly made bad actors more bullish with the result that they have launched more and more cyber attacks.
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