A few weeks back on our market broadcasts we discussed how the cybersecurity sector was booming amid the lockdown.
I use interest in the $HACK ETF to gauge interest in the sector, and it’s now reached all-time highs, up over 50% since the March crash:
Is this simply because internet stocks have become madly popular in lockdown?
Or is there a more insidious reason for its incredible rise? I think the “working from home” phenomenon is creating a paradise for malicious hackers (and a business opportunity for cybersecurity firms)… but my colleague Sam Volkering has a worrying prediction for what will put the “cybersec” firms on the map.
If the UK kicks Huawei out of its 5G infrastructure, the Chinese Communist Party won’t take it well – and it’s got an army of hackers, estimated in the hundreds of thousands, which it could deploy against the UK’s digital infrastructure as revenge…
All this and more in our latest market broadcast. Click here to tune in.
All the best,
Editor, Southbank Investment Research
For charts and other financial/geopolitical content, follow me on Twitter: @FederalExcess.