- Companies have skimped on cybersecurity spending
- Big digital transformation projects will require cleaning up this year
‘Digital transformation’ is a hacker’s dream. As more of the world moves online, it creates not just connections, but a plethora of new vulnerabilities. The massive cyberattack on FireEye (US:FEYE) last December, reportedly coordinated by Russia, practically declared open season on private companies by state actors. The higher volume of risk, combined with the threat of more advanced malefactors, should be excellent news for cybersecurity companies. But unlike other big tech firms, they have not all rallied in the past year.