Security Stocks

In a previous article the impact of cyber-breach on stock prices and the value of cyber-insurance to corporations was reviewed. Ransomware and IT breaches are increasing, and the expectation is that more companies will turn to cyber-insurance, and also increase their IT security controls. Here is a list of cyber-security listed ETFs and a list of all the companies included in those ETFs with duplicates removed, along with a company description. CIBR – First Trust Nasdaq Cybersecurity ETF Includes 40 individual stocks comprising $3.58 billion in assets Includes other industries, such as aerospace and defense (FactSet) Concentrated with 10 largest making up 47% of market cap Two stars rating by Morningstar HACK – ETFMG Prime Cyber Security ETF Includes 59 individual stocks comprising $2.04 billion in assets Modified equal-weight scheme (not concentrated) with 10 largest making up 28.5% of the market cap HACK has “a unique, cybersecurity-focused take on the…