Enterprises, governments, and individuals are going to need advanced protection to guard sensitive information and protect their assets against theft as losses are expected to exceed $10 Trillion in 2025. See a short list of companies to watch in 2023.
Sekur Private Data Ltd (OTCQX: SWISF) (SKUR.C) - The company is involved in providing Swiss-hosted private communication solutions to businesses and governments worldwide. Many sectors are now experiencing the scourge of cybercrimes and one of those is the retail sector, which suffered heavily from cybercrimes that led to considerable shrinkage.
The 2022 National Retail Security Survey published by the National Retail Federation revealed that total retail shrinkage for the year stood at $94.5 billion. Such losses are not only due to shoplifting but due to cybercrimes at large and it would only go up. Retail giants like Kroger (NYSE:KR), Walmart (NYSE:WMT), and Target (NYSE: TGT) have all reported significant losses from shrinkage. Hence, a huge market perhaps remains untapped for Sekur Private Data.
Additionally, it ought to be mentioned that the sheer scale of economic damages caused by cybercrimes is significant. In 2021, the damages had been estimated to be $6 trillion and by 2025 it is expected to hit $10.5 trillion, which would work out to a CAGR of 15%. Since the world is going to continue to function with the internet it is important to note that companies like Sekur Private Data could play a major role in combatting the problem in the long term.
BlackBerry (NYSE:BB) - The company is involved in providing intelligent security software and services to enterprises and governments all over the world. Now, BlackBerry provides security to more than 500 million endpoints which include 215 million vehicles.
Recently, the company announced that it had decided to team up with the automotive cybersecurity platform operator Upstream Security. The collaboration is expected to help in strengthening the cybersecurity for connected vehicles amidst the rising cases of cyber-attacks.
IronNet Inc (NYSE:IRNT) - The company was established back in 2014 and has helped in the cybersecurity of the networks at organizations through its Collective Defense platform. The platform also operates at scale. The company employs cybersecurity offensive and defensive experts who had formerly been at the NSA.
Earlier this year the company released its 2022 Cyber Threat Intel Report. The yearly report provided an overview of the trends and events that had a direct impact on the cybersecurity ecosystem. The trends that had emerged in the past year were analyzed by the experts and threat hunters at IronNet. The report aims to educate and inform the company's customers and the wider community about the relentless evolution of cybercriminals.
AZZ Smart Technologies Corp (NASDAQ:AZ) - The company is focused on the creation of innovative solutions for meeting complex challenges. The company's flagship product is its mobile self-checkout shopping cart, which is the first product in the world of its kind. On June 15, AZZ Smart Technologies announced that it had been successful in closing its $5.8 million registered direct offering.
The company informed that it had entered into agreements on June 12 for the sale of 3,262,720 common shares for the purchase price of $1.80 each. Additionally, the company also offered warrants to purchase 1,631,356 common shares in the company for the exercise price of $2.20 each for two years from the day of issuance.
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