Team CryptoInsightfull 
20 Mar Cybersecurity: An AI Stock To Buy And Hold Long Term
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the Full Story in The Motley Fool
Sausalito, Calif. – Mar. 20, 2024
The Motley Fool reports that Cybercrime will cost the world $9.5 trillion in 2024, according to an estimate by Cybersecurity Ventures.
SentinelOne is fighting cybercrime with artificial intelligence (AI) at the core of its products, and the company continues to grow faster than its competitors. The Motley Fool shares why investors might want to buy SentinelOne stock now and hold it long term.
Palo Alto Networks recently highlighted a tenfold increase in the frequency of phishing emails over the past 12 months. Attackers are using generative AI to rapidly craft realistic content designed to trick employees into handing over sensitive information about their organization.
A recent survey by PwC backs that up. Of the 4,702 leading CEOs who responded, 64 percent are most concerned about the cyber risks posed by generative AI. That fear outranks the spread of misinformation and even the potential reputational risks posed by using the technology.
Automated cybersecurity tools are critical to fend off the barrage of AI-powered attacks. SentinelOne’s Singularity is a holistic cloud, endpoint, and identity protection platform with AI at its core.
SentinelOne generated $174 million in revenue during fiscal Q4 2024 (ended Jan. 31), up 38 percent year over year. That was a faster growth rate than what Palo Alto Networks (19 percent) and CrowdStrike (33 percent) delivered in their latest quarters. They are two of SentinelOne’s biggest rivals in AI-based cybersecurity.
SentinelOne stock is trading 71 percent below its all-time high, which was set during the tech frenzy in 2021 when investors assigned it an unrealistic valuation. Investors who buy SentinelOne stock now and hold on for the next 10 years might be glad they did when they look back on this moment.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
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