When the New York Stock Exchange halted last week, many feared it was due to a cyber attack. Although it was actually due to systemic issues, the media craze made it clear how concerned the American public is about cybersecurity.
“There's been so much research that's come out that one of America's largest fears is becoming a victim of a cyber attack.” PureFunds CEO Andrew Chanin told us.
While cybersecurity has been an issue for many years in the IT and software space, its prevalence has grown tremendously over the past few years.
From celebrities having their private photos leaked from their Apple Inc. (NYSE: AAPL) iCloud accounts, to the massive hack attack on Sony costing the company millions of dollars, to President Barack Obama’s State of Union address focusing on cybersecurity earlier this year, it has been difficult to ignore that cybersecurity could be a real threat to individuals, companies and governments alike.
A Hot Sector
Many people speculate that cybersecurity is the next hot sector due to its great performance so far this year as well as in 2014.
The YTD PureFunds ISE Cyber Security ETF (NYSE: p>
/www.benzinga.com/etfs/sector-etfs/15/07/5674926/why-you-should-care-about-cybersecurity alt=Why You Should Care About Cybersecurity>Full story available on Benzinga.com
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