The cybersecurity industry has been booming over the past few years due to an increased need for companies to shield their businesses from data breaches, identity theft, and other cyber-attacks in the digital age. Because most companies have shifted their operations online and adopted various digital tools since the COVID-19 pandemic, the risk of cybercrime has grown dramatically.
As the Russia-Ukraine war intensifies, economists at Goldman Sachs have alerted Americans to the potential for Russian cyberattacks due to its intensifying standoff with the U.S. and its allies. The governments and major corporations in these countries are spending an increased amount on cybersecurity.
