Reportedly, Iran cyberattacks against U.S. organizations are only increasing. U.S. agencies warned that municipalities should be on the lookout for unusual activity – especially around water and energy facilities.
In fact, in a joint statement, the “U.S. Environmental Protection Agency (EPA), the Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), and National Security Agency (NSA) issued a joint advisory warning to U.S. organizations, including those in the water sector, for an urgent and ongoing Iranian-affiliated cybersecurity threat. U.S. organizations are experiencing exploitation and, in some cases, disruption of commonly used operational technology at drinking water and wastewater systems that are diligently working to ensure that Americans can rely on clean and safe water.”
It’s another example of how poorly prepared we are for attacks. Also, it’s an opportunity to invest in companies that are trying to keep us safe from such attacks, including CrowdStrike, Palo Alto, and Fortinet. And while you can always invest in those stocks, you can gain greater exposure with ETFs, such as:
Global X Cybersecurity ETF (BUG): With an expense ratio of 0.51%, the BUG ETF invests in companies that stand to potentially benefit from the increased adoption of cybersecurity technology, such as those whose principal business is in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices.
Sincerely,
Ian Cooper
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