[ISN] Inside HACK: The Sought-After Cyber Security ETF – ETF News And Commentary

https://finance.yahoo.com/news/inside-hack-sought-cyber-security-180006948.html By Sweta Killa Zacks.com Jan 20, 2015 The cyber security industry has gained immense popularity in recent years and is the fastest-growing corner of the broad technology space. This is because cyber-attacks on enterprises and government agencies are widespread with growing Internet usage, raising the need for more stringent cyber security from hackers. Hacking has become more sophisticated, dangerous and harder for companies (and even governments) to stop. According to the report from the Global State of Information Security Survey 2015, cyber attacks across the globe have risen about 66% over the past five years and 48% from 2013. Some of the well-known companies in the recent spate of data breaches include Target (TGT), eBay (EBAY), Home Depot (HD), AT&T (T) and JPMorgan Chase (JPM). The situation will likely to worsen in 2015, as hackers will continue to adopt advanced techniques and strategies to infiltrate networks hiding their tracks (read: PureFunds to Stop Hackers with This Cyber Security ETF). Solid Long-Term Prospects As per McAfee, cyber-warfare and espionage attacks are expected to increase in frequency. Attacks on Internet of Things (IoT) devices will rise rapidly due to whopping growth in the number of connected objects, poor security and the high value of data on IoT devices. And new mobile technologies will allow more mobile attacks. […]