GREATER CONNECTION BRINGS GREATER RISK
Access cybersecurity companies working hard to keep your data protected.
By 2025, it is projected there will be 75 billion Internet-connected devices in the world. Greater connectivity brings greater risk. With the cost of cyberattacks projected to reach $11 trillion, capture the growth from the innovative companies leading the way in cybersecurity.1
THREE REASONS TO CONSIDER INVESTING
Cybersecurity breaches are rising
Since the COVID-19 pandemic began, headline-grabbing cyberattacks are more common, malware attacks have risen 358% and ransomware attacks exceed 400%.2
Companies are spending big bucks on cybersecurity
Worldwide spending on information security and risk management is forecasted to top $150 billion in 2021, up nearly 50% from four years ago.3
Access opportunities in hardware and software companies
IHAK targets both software and hardware companies that seek to better protect against a range of cyber threats like viruses, phishing, electronic intrusion and damage.
Cybersecurity is failing not only companies and governments but people too. That’s why 70% of organizations plan to increase cybersecurity spending following the pandemic, which opens up an opportunity for investors.4
| Year | Company | Cybersecurity Event Description |
|---|---|---|
| 2016 | ANTHEM | Names, dates of birth, member IDs, Social Security numbers, etc., were taken from the second-largest health insurer in the U.S. |
| 2017 | MARRIOTT HOTELS | Credit card and passport details from hotel customers were discovered to have been leaking since 2014. |
| 2019 | CAPITAL ONE | Hackers obtained personal information for over 100 million customers, including Social Security and bank account numbers. |
| 2020 | Prominent accounts including those of Joe Biden, Elon Musk and Apple were taken over to promote a cryptocurrency scam. | |
| 2021 | COLONIAL PIPELINE | Due to a ransomware attack, Colonial Pipeline, a fuel supplier to the Eastern United States, was forced to halt operations on one of the nation’s biggest gas pipelines. |
Source: April 2021, “World’s Biggest Data Breaches & Hacks”. These do not represent all data breaches and hacks between 2014 and 2021.
Ready to buy?
Talk to your financial planner about adding IHAK to your portfolio. Or purchase shares directly through Fidelity, where iShares ETFs trade commission-free online.