A few keystrokes are all it takes.
All of a sudden, your most private information is in the hands of criminals.
Your most personal information, banking details, social security numbers, your children's information... all at risk. Yet, many of us are still not prepared, as it gets worse.
What's terrifying is that our own government isn't prepared -- at all.
Worse, our digital over-dependence means that our risk is greater than ever before with new attacks surfacing all the time. And just in case you think hackers can’t get to you behind your locked, alarmed doors, they’ve already been in your computer, accessing your information.
Even JPMorgan’s Chief Jamie Dimon is terrified of cyberattacks.
In fact, he sees them as potentially the “biggest threat of the U.S. financial system,” he stated in his 2019 annual shareholder letter. The bank spends "a lot of time and effort trying to protect our company in different ways as part of the ordinary course of running the business," Dimon said, as quoted by CNBC. "But the financial system is interconnected, and adversaries are smart and relentless — so we must continue to be vigilant."
As he and the world just begin to realize the severity of the issue, some of the top cyber security stocks to own in 2019 include:
FireEye offers network security, malware analysis, endpoint security, e-mail security and file content security. After being ignored for quite some time, FEYE has become an industry high-flier to own long-term. Not only is it one of the hottest “go to” stocks of the sector again, but underlying fundamentals look polished, too.
Pure Fund Security ETF (HACK)
We can also look at the Pure Funds Security ETF (HACK), which jumped from a 2016 low of $19 to nearly $38 this year. It’s sure to draw more interest especially as threats worsen. The ETF has holdings in Fortinet Inc., Check Point Software, CyberArk Software, Imperva Inc. FireEye, Proofpoint and dozens more.
The beauty of holding an ETF is the diversification and cheaper cost.
If we were to buy shares of each stock this ETF holds, it wouldn’t cost us thousands of dollars. But at just $38 a share, you have exposure to most of the heavyweights.
The $1.41 billion HACK holds 47 stocks and its top 10 holdings combine for about 45% of its weight. HACK is a global ETF with exposure to seven countries, but U.S. stocks account for more than 76% of the fund’s weight.
Rapid7 Inc. (RPD)
Rapid7 Inc. (RPD)provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. It offers threat exposure management solutions, including Nexpose, which enables customers to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution.
The company also provides incident detection and response solutions, such as InsightIDR, a cloud-based offering for incident detection and response; Managed Detection and Response, a managed service, which provides customers with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide customers with access to security experts and experience.