Industry analysts at Cybersecurity Ventures expect cybercrime damages to reach $6 trillion annually by 2021. And that means increased spending on cybersecurity, which is a boon for the best cybersecurity stock to buy.
Last year, cybersecurity spending was estimated at over $86 billion, according to Gartner Inc.
By 2021, it should exceed $1 trillion. That would represent an astounding 1,057% increase in cybersecurity spending in just four years.