by winston » Wed Oct 11, 2017 9:19 pm
EVERY BUSINESS FACES THIS BIG PROBLEM
Today's chart highlights a major concern for modern businesses...
Regular readers know we are always looking to invest in big secular trends. Today, one of these trends is the security of personal data stored on the Internet. It's much easier to buy your coffee with a smartphone, or to save your credit card on Amazon (AMZN) for your purchases. But sending and saving your information online has consequences...
Last month, we learned that credit-reporting bureau Equifax (EFX) was hacked. The personal information of about 145 million Americans was stolen, including social-security and credit-card numbers.
As attacks like this keep increasing, big businesses will turn to cybersecurity experts for help. Today, we can see this concept at work in shares of the First Trust Nasdaq Cybersecurity Fund (CIBR)...
CIBR holds shares of leading cybersecurity firms like Symantec (SYMC) and Palo Alto Networks (PANW). As you can see in the chart below, the fund has surged higher after the recent data breaches. Shares are up 14% from last year, and they just hit a new all-time high. Expect more businesses to turn to cybersecurity experts as these hacks worsen...
Source: Daily Wealth
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