Cybercrime, according to the Center for Strategic and International Studies (CSIS), could cost the global economy up to US$575 billion annually. With that, the industry is projected to grow from US$95.6 billion in 2014 to US$155.74 billion in 2019 — the growth is expected to grow at a compound annual growth rate (CAGR) of more than 10% during that particular period.
The recent outbreaks have well and truly put cybersecurity stocks into the spotlight. Mimecast (NASDAQ: MIME) in particular received a massive boost of 10.62%. Its stock price shot up from US24.29, when the hack started on May 12, to US$26.87 on Monday, May 15, 2017.
Other companies that saw their stocks leaped the most following the harassments were FireEye (NASDAQ:FEYE), 7.51% to US$15.9; Proofpoint (NASDAQ: PFPT), 7.36% to US$86.05; Fortinet (NASDAQ:FTNT), 3.4% to US$40.45; Symantec (NASDAQ:SYMC), 3.19% to US$32; Palo Alto Networks (NYSE:PANW), 2.7% to US$119.61; and Cisco (NASDAQ:CSCO), 2.33% to US$34.23.