ETF Idea Cyberattacks have become increasingly common, ma | FSMOne SG - Research Highlights

ETF Idea

Cyberattacks have become increasingly common, making cybersecurity more important than ever.

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• As the world continues to undergo massive digital transformation, cybersecurity has become more important than ever.

• While technology has brought many benefits to the various companies, the digitalisaton of data has also made them vulnerable to cyberattacks.

• Remote working is here to stay but this also made companies more vulnerable to cyberattacks.

• Cyberattacks have increased in both numbers and severity, prompting authorities to impose new and tighter cybersecurity laws on organisations to protect and secure systems, data, or any entry points that may be susceptible to cyberattacks.

• In light of these trends, we believe that there is an incentive for greater investments in cybersecurity, where cybersecurity spending across various sectors will increase even further.

• Valuations may be stretched in the near term, but there is still a long runway of growth for this industry in the coming years. Investors may consider using a regular savings program before switching to a lump sum investment should the opportunity arises.

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: Global X Cybersecurity ETF (NASDAQ:BUG).