Recently, major U.S. companies, such as Home Depot (NYSE: HD), J.P. Morgan Chase (NYSE: JPM) and Target (NYSE: TGT) have been victimized by data breaches, underscoring the importance of products and services provided by the companies featured in HACK.
Last month, J.P. Morgan Chase CEO Jamie Dimon said the banking giant will likely double its cyber security spending to $500 million within the next five years.
“In the United States cybersecurity market, network security segment is expected to account for the largest segment during the next decade. Data security segment is set to account for 28.4% of the market whereas cloud security segment is projected to grow at a CAGR of 8.33% over the forecast period,” according to Strategic Defence Intelligence.
ISE Cyber Security Index
ETF Trends editorial team contributed to this post.