It’s only a matter of time before we’re hit with another massive cyberattack. Unfortunately, it’s no longer a question of if, but when. Even “The U.S. is currently not designed to act with the speed and agility necessary to defend the country in cyberspace. Our country has lost hundreds of billions of dollars to nation-state-sponsored intellectual property theft using cyber espionage,” as noted by the Cyberspace Solarium Commission, as quoted by Fox Business. Cities, hospitals, schools, government agencies are all vulnerable. It’s why we’re seeing a surge of interest in cybersecurity companies, like Plurilock Security (TSXV:PLUR) (OTC:PLCKF), FireEye Inc. (NASDAQ:FEYE), Palo Alto Networks (NYSE:PANW), Fortinet Inc. (NASDAQ:FTNT), and Check Point Software Technologies (NASDAQ:CHKP).
Even some of the biggest companies in the world have been hit. In fact, even after numerous security warnings, a U.S. pipeline came under attack. US Colonial’s pipeline was shut down after a ransomware attack. Considering the company supplies refined oil products to meet about 45% of the consumption needs of the U.S. East Coast, it was a big deal. Again, it’s only a matter of time before we see another major cyberattack, which we have to prepare for.