CyberEconomicNews Briefs

Cybersecurity ETFs outperforming tech and other ETFs by large margin

Digital security companies continue to perform well as major breaches and hacker intrusions appear to be pushing investment. Performance in some of the largest digital security companies and a popular basket of cybersecurity companies is outperforming other tech sectors by a large margin, with one of the most popular cybersecurity ETFs increasing 20%, compared to 14% for a comparable tech ETF and 4.5% for a S&P 500 index fund. Facebook’s Mark Zuckerberg has continued to emphasize the company’s move towards security investments, recently saying that “I’ve directed out teams to invest so much in security – on top of the other investments we’re making – that it will significantly impact our profitability going forward.” 

Source: The Stock Market Is Rewarding Tech Companies That Protect Data More Than Ones That Exploit It – Nextgov

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