Cyber attacks have increased at a 66% annual growth rate and, as shown by the most recent events, this threat will only worsen. According toJeff Yastine, Editor of Total Wealth Investor, these cyber attacks are one of the reasons investors should take advantage of cyber security stocks. Yastine points out that there is rich diversification in terms of size, countries and sub-sectors to invest.
The almost daily news of system violations security and high profile attacks demonstrate that everyone is vulnerable: people, businesses and even governments. As a result, computer security is become a big business. Yastine says, according to estimates, between 2017 and 2021, the spending on products and services for global information security will reach close to one billion dollars. Organizations and products that companies use to counteract the threats will become increasingly lucrative. Learn more about Jeff Yastine at Crunchbase.
With an influx of money into the cyber security sector, Yastine points out that investment opportunities remain on the rise. Take a look at Cysco Systems, a giant of $49 billion in annual revenue, which also operates in the field of information security. And Mimecast, a data security company with shares up by 72 percent. Yastine says trends should definitely be a focal point.
Just two weeks ago, in his published report, “Cybersecurity is Going to Get What it is Due,” Yastine favorited ETFMG Prime Cyber Security ETF, which as he said, has continued to realize stock gains. We live in a society that completely depends on technology. Thanks to the Internet of things, we think about wearable devices like smart watches, smart wristbands, and mobile devices, etc; the human being is an integral part of the global network that connects every kind of device. And while a number of services, usable through this network will increase exponentially over time, so will cyber threats. Follow Jeff on Twitter.
Jeff Yastine is currently the Editorial Director for Total Wealth Investor at Banyan Hill Publishing. For more than two decades, he has written, published, analyzed and advised on strategic investing opportunities. Prior to his current position, Jeff Yastine was employed by The Oxford Club, then NewsMax.
In addition to generating fundamental research and analyses that identifies investment opportunities, he publishes his investment advice in his newsletters, and guides readers to make intelligent investment decisions.
Jeff Yastine earned his B.A. in Telecommunications, from The University of Florida and is based in Delray Beach, Florida.