CORAL GABLES, FL / ACCESSWIRE / November 21, 2014 / Whether you're new to the space or know a little because you watch Robert Herjavec on NBC's Shark Tank, cyber security is big business right now. Research firm MarketsAndMarkets project that the cyber security market will be worth more than $155Billion by 2019 from where it is today around $94Billion. The market drivers for this growth will be lead by increasing use of cloud computing for enterprise level firms, the adoption of more frequent wireless communication, and the overall growth in the amount of cyber crimes happening nearly every day.
Data security company eCrypt Technologies, Inc. (OTC:ECRY) recently announced that along with Cicada Security Technology Inc., the companies will be adding the 'Cicada II' to the Cicada line of data privacy technologies. This product is specifically for use with Bluetooth enabled tablets and smartphones. According to Dr. Thomas A. Cellucci, Ecrypt's CEO: "Ecrypt's ability to deliver a market driven, secure email platform involves alliances with innovators, such as Cicada Security Technology, to enable Ecrypt to deliver solutions which meet today's complex security challenges".
Since making the announcement, the stock price for eCrypt has catapulted more than 100% as of today's high at $0.38 and during the first 30 minutes of the market being open. Increased attention on the industry as a whole may be one of the main catalysts and it looks like investors in the space are looking for more information as eCrypt stock continues to rally.
(for more information on ECRY and related companies please visit http://dailystockreporter.com/market-scan/?symbol=ecry)
Ancillary services like payment processing are also coming to the forefront in a big way. Ever since the breach with Target and Home Depot, merchant service providers are beefing up their tech security. MyECheck, Inc. (OTC:MYEC) recently announced the signing of three new customers in both internet based and brick-and-mortar locations. Since making the announcement the company's stock has been on the rebound. Today MYEC has bounced back over 5% from the previous closing price.
(for more information on MYEC and related companies please visit http://dailystockreporter.com/market-scan/?symbol=myec)
IJJ Corporation (OTC:IJJP) has also found a place in the cloud-computing, enterprise networking space. Recently the company announced that it will be enhancing the offering for B2B clients through a mix of tools aimed at helping public companies reduce the costs of their reporting obligations. Over the last month the stock has been moving up. As of this morning IJJP has seen increased volume while maintaining a price of $0.0011. Since October the stock has been up as much as 650%
(for more information on IJJP and related companies please visit http://dailystockreporter.com/market-scan/?symbol=IJJP)
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SOURCE: DailyStockReporter.com