CeBIT 365 – Reported estimates cost of data breaches will rise 4 times to $2.1 trillion by 2019.
You can’t legally invest in the hackers but one way to win is to invest in the companies at the frontline of defence. Betashares annouces Global Cybersecurity ETF.
“The spectacular growth in online activity and information technology in recent years has, unfortunately, also seen equally strong growth in cybercrime. As a result, global spending on cybersecurity has increased 8% p.a. since 2011, reaching US$82B in 2016 and projected to reach over US$100B by 2019 (Source: Gartner Research).”
HACK has been developed to provide investors within a single investment, diversified exposure to leading global cybersecurity firms.
CeBIT 365… It’s gotten to the point where the director of the FBI has lamented:
“There are only two types of companies: those that have been hacked, and those that will be. Even that is merging into one category: those that have been hacked and will be again.”
So what can SMEs do to protect themselves?
Restoring from backup is the last line of defence. If all your other defences fail you need to the ability to restore and restore quickly. You need to go beyond backup and have the ability to see what has been altered between backups so you can see changes or deletions by a hacker or what’s been affected by a virus.