Despite its tepid rating on HACK, S&P Capital IQ does acknowledge some encouraging fundamentals for the cyber security industry.
“According to industry research provider IDC, with large-scale attacks occurring at familiar brands, companies need to be more prepared to deal with the attacks toward ecommerce and brick-and-mortar stores. Information Technology (IT) is becoming a more and more important component of a good business, and security remains at the top of the IT department’s spending list. High-value targets (financial industry, critical infrastructure, retail, and government) will need to spend more to protect their assets. It will also increase the need for prevention solutions that enforce security policies,” said the research firm.
PureFunds ISE Cyber Security ETF
