How to Tap Into the Cyber Security Boom

Data breaches are rising exponentially worldwide and many US tech firms are rising to the challenge - here's how to access this growing trend through active and passive funds

Holly Black 27 September, 2018 | 9:01AM

Cyber attacks are on the rise

Whether it’s the NHS, British Airways or Equifax, it seems as though barely a week goes by where our personal information is not put at risk as a high-profile firm falls foul of a cyber-attack.

In 2017 there were an incredible 1.7 billion data breaches in the US alone – equivalent to more than one every 50 seconds. Worryingly, the number of breaches has almost tripled from 600 million since 2013 and cyber crime is now estimated to cost the global economy £300 billion every year.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Akamai Technologies Inc95.36 USD0.00
Check Point Software Technologies Ltd98.31 USD0.00
FireEye Inc9.32 USD0.00
Janus Henderson Global Technology I Acc2,313.37 GBP2.50
Legg Mason CB US Lg Cp Gr A (G) USD Acc268.18 USD-0.83
Marlborough UK Micro Cap Growth P Acc573.14 GBP-0.10
Palo Alto Networks Inc162.66 USD0.00
Polar Capital Global Tech I Inc50.03 USD1.02
Splunk Inc102.14 USD0.00

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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