Cyberattacks are getting worse.
Yet, most of the world is still unprepared.
For example, according to FireEye, “Nearly 29% of organizations haven’t tested their cyber defenses for a year and out of them more than half weren’t confident about whether their plans will work as per the expectations.”
Now, just weeks after the US Colonial attack, the world’s largest meat supplier, JBS USA was attacked, according to USA Today.
The one-two punch of the recent cyberattacks “shows that nothing is safe,” said former senior Department of Homeland Security official Paul Rosenzweig, as quoted by USA Today. “Not the meatpacking industry, not the chemical industry, not the wastewater treatment industry, not Sony. Nothing. And the only way to be safe in this world is to unplug completely. And you can’t do that and be economically competitive.”
Making things worse, “The prospect of more extensive shutdowns around the world is already upending agricultural markets and raising concerns about food security as hackers increasingly target critical infrastructure,” says Bloomberg.
At this point, it’s unacceptable for companies, and even governments not to be prepared.
In fact, it’s becoming stupid.
For those of you looking to invest in a greater need for cybersecurity, consider the Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK), Fortinet (FTNT), Palo Alto Networks (PANW), Check Point Software (CHPT), and FireEye Inc (FEYE).
