As the internet becomes a bigger part of our lives, the likelihood of more cyber attacks is high. That's why individuals and companies need to stay prepared with cybersecurity applications. Cloudflare (NYSE:NET) and NortonLifeLock (NASDAQ:NLOK) should both benefit as cyber attacks are on the rise, but which is the better buy right now? Read more to find out.Cybersecurity stocks are generating that much more attention as we rapidly transition to a high-tech society in which the Internet of Things (IoT) is ubiquitous. Fast forward a decade into the future, and nearly everything we rely on for living and working will likely be connected to the web in some way.
Enter the cybersecurity businesses. These companies will inevitably enjoy an uptick in revenue in the years and decades ahead, especially as international hacking takes center stage.
Take a close look at the cybersecurity businesses that are publicly traded, and you will find two that stand out: Cloudflare (NET) and NortonLifeLock (NLOK). Let's take a look at each of these stocks to gauge the better play moving forward.