Place/Date: - February 4th, 2019 at 8:17 pm UTC · 3 min read
Contact: eToro, Source: eToro
With renewed interest in online safety and privacy, cybersecurity stocks are attracting increasing attention in the investment world.
The attention to online privacy reached new heights in 2018, following the Cambridge Analytica scandal, which jeopardised the data of some 87 million Facebook users. The scandal put in question many of Facebook’s user privacy practices, resulting in Founder and CEO Mark Zuckerberg testifying before Congress. A month later, the General Data Protection Regulation (GDPR) came into effect in the EU, applying new restrictions on any entity that collects personal data.
One of the reasons cybersecurity is, and will remain, a hot topic is the ever-changing nature of the online world. With so much sensitive information being stored in the cloud and on computer networks, the risks are ever growing and the need for effective cyberdefenses is ever present. From “simple” risks, such as phishing scams, to complex ransomware programs and crypto mining bots, each person and enterprise with an online presence is in danger of falling victim to a cyber attack.
The cybersecurity industry is huge, estimated at more than $150 billion in 2018, and projected to grow to $230 billion within 4 years². Both companies who specialize in cyber defence and the giants of the tech industry spend billions every year to beef up their defences, and protect their valuable intellectual property and their users’ personal information.
As mentioned before, there are two main types of companies that operate in the cybersecurity field. The first type is companies whose exclusive business is developing and implementing cybersecurity solutions, such as Check Point and Symantec. The second type is companies with larger tech or security operations, which also have a substantial presence in the cybersecurity space, such as tech giant IBM and defence and security powerhouse Lockheed Martin.
To offer its clients exposure to this growing industry, eToro has created the CyberSecurity CopyPortfolio. This professionally constructed portfolio will offer investors access to a thematic investment strategy focusing on cybersecurity companies. The portfolio includes companies working to protect commercial entities, private individuals, government and military institutions and more.
Also, eToro team is glad to invite you to join a discussion between financial journalist Elliott Gotkine and eToro CEO Yoni Assia, scheduled for today, February 04, 2019 at 02:45 PM Greenwich Mean Time. The Live broadcast will review and summarize eToro’s CopyPortfolios’ performance in 2018 and, of course, provide all the relevant information on the company’s latest investment portfolio – CyberSecurity.