Cyber crimes are costing US companies millions of dollars every year and the costs are rising at an alarming rate.

Ransomware attacks grew by +18% last year and data breaches increased by +72% in the same timeframe.

These nefarious events have a hefty price-tag...aside from time and security risks, cyber attacks cost on average $4.9 million but can end up costing businesses MUCH more than that.

After the CrowdStrike outage earlier this year - now considered the largest outage in IT history - businesses and investors alike are looking for alternatives.

While the outage wasn’t caused by a cyberattack, hackers swiftly exploited the ensuing confusion. In the aftermath, they employed “social engineering” tactics aimed at deceiving individuals into actions that could compromise their safety or that of their organization.

One alternative, with strong footing in a unique position in the cybersecurity market, and plenty of room to grow, has caught our attention.

This alternative is Zscaler, Inc. (ZS), a cybersecurity firm providing cloud based solutions. The company's focus on cloud based solutions allows it to avoid the restraints of private data centers and on-site necessities, as well as granting access reat protectto greater thion data.

Here's why we are adding the name to our watchlist...

This section is restricted to LikeFolio Pro Members only.