In all, cybersecurity lapses cost the global economy $450 billion last year and will exceed $2 trillion by 2021, according to estimates. Not surprisingly, then, the market for cybersecurity goods and services is expected to expand rapidly in the years ahead. This would seem to spell good news for cybersecurity firms such as FireEye, Symantec and Palo Alto Networks. In many ways, this is a natural evolution for Blackberry, which has long been a leader in encryption services. Who knows, if it were to become a leading provider of cybersecurity services, it could emerge as an attractive acquisition target for mega tech firms like Amazon, Apple and Alphabet.

Source: Forbes November 28, 2017 17:37 UTC