How Cyber Security Threats are Growing

Viruses, worms, firewalls, trojans, ransomware: the vocabulary of cybercrime has evolved as much as the threat itself

Lex Hall 19 October, 2018 | 8:35AM

Viruses, worms, firewalls, trojans, ransomware: the vocabulary of cybercrime has evolved as much as the threat itself. From software security to infrastructure, these days no sector - nor indeed the myriad devices we rely on - is completely shielded from hackers.

But there is also a greater desire to tackle this threat and with it a chance for investors to capitalise on the growth of the cybersecurity sector.

'One of the Greatest Threats Facing Mankind'

Global research firm Cybersecurity Ventures calls cybercrime one of the greatest threats facing mankind, and cites the five most attacked industries as healthcare, manufacturing, financial services, government, and transportation. Nor is social media immune: earlier this month, Facebook revealed a security breach in which hackers gained access to almost 50 million accounts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Betashares Global Cybersecurity ETF7.46 AUD0.95
Cisco Systems Inc42.50 USD-0.51
Facebook Inc A261.24 USD-0.02
Itron Inc66.22 USD-0.93
Symantec Corp22.92 USD-0.22

About Author

Lex Hall

Lex Hall  is Content Editor for Morningstar Australia

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