Cyberattacks in 2019 only grew worse.
More than 540 million Facebook accounts were found exposed earlier this year. Toyota revealed a data breach in April that may have exposed client data. Capital One disclosed a data breach that impacted 100 million in the U.S, and another six million in Canada.
Banks in Bangladesh, India, Sri Lanka, and Kyrgyzstan were hit, allowing hackers to steal millions of dollars. Three dating applications, Grindr, Romeo, and Recon, were also found to contain security flaws that led to the exposure of a user’s location, as reported by ZDnet.
Up to five million DoorDash customers were part of a data leak in September 2019. In fact, the driver’s license numbers of nearly 100,000 “Dashers’ were also accessed.
A cyberattack just forced RavnAir to cancel flights in Alaska over the weekend after a “malicious cyberattack” on its computer network.
CBS just reported that over 267 million Facebook users just had their personal information exposed in a massive data breach. “Security researcher Bob Diachenko reportedly made the disturbing find on Dec. 14. Diachenko and U.K. technology research firm Comparitech believe the unprotected database was left open on the dark web for nearly two weeks,” they reported.
The worst part – we’re not prepared for the next one, nor do we know where it could happen.
It simply highlights the need for better cyber protection.
At the same time, it’s creating big opportunities in related ETFs including:
Pure Funds ISE Cyber Security ETF (HACK)
The Pure Funds Security ETF (HACK) rocketed from a 2016 low of $19 to nearly $42 this year. The ETF has holdings in Fortinet Inc., Check Point Software, CyberArk Software, Imperva Inc. FireEye, Proofpoint and dozens more.
First Trust NASDAQ Cybersecurity ETF (CIBR)
CIBR has been quite explosive, running from a 2017 low of $21 to a recent high of $30. Some of CIBR’s top holdings include Splunk, Palo Alto Networks, Zscaler Inc., CyberArk Software, Symantec Corporation, and Fortinet Inc.