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1 Unstoppable Stock Down 60% You'll Regret Not Buying on the Dip

Anthony Di Pizio, The Motley Fool
·5 min read
1 Unstoppable Stock Down 60% You'll Regret Not Buying on the Dip

According to a forecast by research firm McKinsey & Company, damage caused by cyberattacks will top $10.5 trillion by 2025 -- a number that will have quadrupled since 2015. Companies spent just $150 billion on cybersecurity in 2021, a number that grew by 12.4% in 2022 to $168 billion. Here's the problem: A survey suggests threat volumes doubled over that period, so McKinsey believes corporate investment in cyber protection is far too low.

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