Alternative Investments/Digital: As Hackings Get Bigger, More Sophisticated, CyberSecurity ETFs May Benefit
The White House warned this weekend of an “active threat” from the latest breach of Windows.
Last week Microsoft blamed the “Hafnium” group and the Chinese state for hacking its Outlook email software, allegedly compromising 20,000 U.S. organizations. On Sunday, the White House warned that though Microsoft (NASDAQ: MSFT) had issued a patch for its software, unresolved vulnerabilities remained. “This is an active threat still developing and we urge network operators to take it very seriously,” a White House official said.
This incident follows the infamous attack on Solarwinds (NYSE: SWI), a major US information technology firm, that spread to its clients and went unnoticed for months until detected in December.
Microsoft confirmed last week, however, that the hack on Outlook email software was unrelated to the Solarwinds breach.
Microsoft breach: Cyberattacks on the U.S are getting more sophisticated and deadly
Bad actors, with or without State support from China, Russia, North Korea, and Iran have from time to time been accused of intrusions into American IT systems.
However, in recent months, particularly after the pandemic, these attacks have become extremely sophisticated, massive in their reach, and dangerous in their destructive power.
Last Thursday, after the Microsoft intrusion, national security adviser Jake Sullivan urged IT administrators nationwide to install software fixes immediately.
The pandemic, which triggered a massive shift to work-from-home, also created what is called a “once-in-a-generation” opportunity for cybercriminals to exploit system weaknesses in the new normal.
In these circumstances, there is a huge upsurge in the demand for cybersecurity. Shares in listed companies that provide cyber protection are likely to do well.
Here are three cybersecurity ETFs that could benefit from this trend.
- First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR) – Expense ratio of 0.60%
- ETFMG Prime Cyber Security ETF (NYSEARCA: HACK) – Expense ratio of 0.60%
- iShares Cybersecurity and Tech ETF (NYSEARCA: IHAK) – Expense ratio of 0.47%
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