Cyber Warfare

Hey Influence Traders,

There have been a number of high-profile cyber attacks this year.

And they do not show signs of abating.

They do have a real impact on everyday life, however.

Oil, meat, insurance, transit … what’s next?

Make no mistake: we are in a cyberwar.

But with cyberattacks on the rise, many companies are positioned well to win …

      • Colonial Pipeline, operator of the biggest gasoline pipeline in the U.S., shut down operations following a ransomware attack from a group called DarkSide. The attack disrupted supply of gas and diesel to the East Coast and caused lines reminiscent of the 1970s. Colonial paid DarkSide a $5 million ransom in untraceable cryptocurrency within hours of the cyberattack.
      • CNA Financial (Ticker: CNA), one of the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack.
      • A group of hackers suspected to have links to the Chinese government breached computer systems belonging to New York’s Metropolitan Transit Authority in April. While no data was stolen it shows the vulnerability of our electronic infrastructure.
      • JBS SA (Ticker: JBSAY), the world’s largest meat packing company, closed slaughter plants in the U.S., Canada and Australia over the weekend after its servers (computer, not restaurant) were attacked. The two-day closure wiped out nearly a fifth of the nation’s beef, pork and poultry production. Continued closures could cause the price of beef to surge past its current near-record high prices.

A Winning Cyber Play

Cyberattacks are becoming more — and that’s not good for the likes of those mentioned above.

 

However, there are those positioned to win. For instance ….

 

Global X Cybersecurity ETF (Ticker: BUG) is a good, broad-based play on cyber security that invests in 32 different securities.

BUG seeks to track the Indxx Cybersecurity Index, which is designed to provide exposure to exchange-listed companies that are positioned to benefit from increased adoption of cybersecurity technology.

BUG is going into the Power Moves Starting Lineup — so stay tuned.

Cutting Through the Noise for You.

Frank

 

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