October is National Cybersecurity Awareness Month, and as the industry discusses how companies can protect consumers before any untoward happens, investors may look to ETFs that could capitalize on the increased focus on the digital security.
“October is National Cybersecurity Awareness Month and with the Equifax congressional hearings this week there will be a national opportunity to discuss how companies can protect consumers before a breach takes place,” Kris Monaco, managing partner at Level ETF Ventures, which is responsible for the index underlying HACK, said in a note. “This will likely drive more companies to ramp up their cybersecurity initiatives and strengthen their technology infrastructure.”
Hacks, data breaches and other cyber-enabled crimes have increased in frequency, fueling the need to take steeps to protect oneself when using the Internet, according to the FBI.
The National Cybersecurity Awareness Month, which was first launched in 2004 by the Department of Homeland Security and the National Cyber Security Alliance, is an annual campaign held every October to help the public stay safe online and to increase national resiliency in the event of a cyber incident.
“Cyber risks can seem overwhelming in today’s hyper-connected world, but there are steps you can take to protect yourself and reduce your risk,” Assistant Director Scott Smith of the FBI’s Cyber Division said in a note. “The FBI and our partners are working hard to stop these threats at the source, but everyone has to play a role. Use common sense; for example, don’t click on a link from an unsolicited e-mail, and remember that if an online deal seems too good to be true, it probably is. And overall, remain vigilant to keep yourself and your family safe in the online world, just as you do in the physical world.”