There is perhaps no bigger threat to the connected world than cybercrime and despite the best efforts of many companies, it is something that everyone will probably have to live with. However, the industry to minimize cybercrimes is almost certainly going to keep growing as individuals, institutions, governments, and enterprises try to protect themselves.
As per data from Cybersecurity Ventures, the dollar value of all cybercrimes stood at a staggering $6 trillion in 2021 and it is expected to shoot up to a staggering $10.5 trillion in 2025. In such a situation, it could be a good move for investors to consider taking a look at some companies which could benefit by providing vital cybersecurity services.
This brings us to the subject of the company Marketing Worldwide Corp (OTCMKTS:MWWC), which is listed on the OTC Markets at this point in time. The company has varied interests but it is also making a move into the cybersecurity sector and that could be an area of interest for a number of investors at this point in time. In this context, it could be a good idea to take a look at a development that took place yesterday. The company announced yesterday that it had completed the acquisition of the company Application Security and on top of that, the company also went into a partnership with Global Digital Forensics Inc.
Application Security is a cybersecurity firm and at this point in time, it boasts of a customer base in excess of 800,000. Additionally, it also has its own technology which can come up with responses to data breaches and cyber threats in real-time. Marketing Worldwide is actually looking to get the services from Application Security onto the Global Digital Services family of services. It could be a bold move from the company that eventually makes it a significant player in the cybersecurity industry. It could be one of the stocks to follow closely if you are looking for options in the booming cybersecurity sector.
