Why Mission-Critical Cybersecurity Is Driving High Valuations

September 11, 2017

Cybersecurity has become mission critical for both the public and private sectors with annual cybercrime damages forecast to reach $6 trillion by 2021 (according to Cybersecurity Ventures). Spending continues to increase dramatically with the federal government expanding its annual cybersecurity budget by more than 35% to approximately $19 billion in 2017. Additionally, many private sector companies are spending in excess of 20% of their IT budgets in this area.

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