Cybersecurity companies like Qualys and Varonis Systems are benefiting from the rising demand for security solutions. With the increase in remote work and digital transformations, the need for secure networks and cloud-based applications has surged, boosting the industry. However, slowing global economy and geopolitical tensions may cause organisations to cut back on big IT investments. Also, elevated operating expenses linked to hiring and marketing strategies may strain margins.
Concerns over the security of electronic personal health information intensifies
Ascension Health warned that the personal data of its patients and staff were compromised during a ransomware attack in May that impacted around 5.6 million
