Cybersecurity is a booming business, as there have been numerous attacks and threats against Internet services in recent years. Even in the Bitcoin world, there is a constant threat to various services by hackers looking for a way to score some easy money. As a result, there is an increase in cybersecurity startups, and some of them are seeing a major success once they IPO.
Cybersecurity Should Matter To Anyone In The World
In recent times, there have been plenty of hacking attacks and security breaches against major services and companies all around the world. Names such as Starbucks, Target, JPMorgan Chase, the US Federal Government and some of the world’s largest Bitcoin exchanges have all been targeted in the past 12-18 months.
This “hacker threat” causes a lot of stress in the technology industry, as engineers and developers have to stay on top of their game around the clock to fend off any intrusion attempts. It goes without saying that such a stressful situation isn’t doing anyone any favors, except the very people trying to breach security systems.
On the bright side, this also means there is an increase in jobs in the cybersecurity space. Plenty of new cybersecurity startups have popped up left, right and center in recent months. But one of the more successful ones has to be Rapid7, as their IPO shares [RPD] spiked 67% this morning on Nasdaq.
Things had been looking bright for Rapid7 already, as the cybersecurity startup raised US$103 million after their IPO shares were listed at US$16 each. That price per share was already well above the price predicted by analysts. Yet with the increase in price today, the company’s value surpassed the US$1bn mark earlier today. However, ever since that peak, the prices