Cybersecurity is beginning to become like insurance for many companies. They simply can’t do business without it. So, while some may argue that cybersecurity stocks belong in the speculative portion of a portfolio, there are a number of names that investors should consider buying and holding for the foreseeable future.
Fueling demand for cybersecurity is the rise in cybercrime and the increasing sophistication of cybercriminals. Then there’s the cost of cybercrime, which is expected to total $7 trillion globally this year. The prevalence of online software and an ever-increasing number of online devices, many of which need to be managed in remote settings, will only continue to drive demand.
Here are seven cybersecurity stocks you can buy and hold for the long haul.
This post originally appeared at InvestorPlace.