LD_Perspectives

Global X Cybersecurity ETF

Long
NASDAQ:BUG   Global X Cybersecurity ETF
There is an increased need for protection against cyber-attacks.

Below are some statistics from the 2021 Cybersecurity Statistics Report via PreyProject.

- 70% of organizations say that they believe their security risk increased significantly in 2017. (Ponemon Institute)
- By 2020, the number of passwords used by humans and machines worldwide is estimated to grow to 300 billion. (SC Media)
- 43 percent of cyber attacks are aimed at small businesses. (Small Business Trends)
- 230,000 new malware samples are produced every day — and this is predicted to only keep growing. (Panda Security)
- 90% of hackers cover their tracks by using encryption. (Vanson Bourne)
- It takes most companies over six months, or around 197 days to detect a data breach. (ZD Net)
- Windows is the most targeted platform by hackers; Android is number two. (Computer World)
- There were over 3 million crypto-jacking hits between January and May 2018. (Quick Heal)
- The number of mobile crypto-jacking malware variants grew from 8 variants in 2017 to 25 variants by May 2018 – making a 3x increase. (Quick Heal)
- F-Secure’s 2019 report showed that China, the US, Russia, and Germany were the countries whose IP addresses were the most attacked
- Iran,Tunisia, and Belarus were ranked as the least cyber-safe countries while Finland, Japan, Denmark, and the UK were identified as the most cyber-safe. (Comparitech)
- Almost all malware arrives on computers via email, in fact, this was found true in 94% of cases. (Verizon)

A review of the Global X Cybersecurity ETF, notes the price trading close to an overhead zone, which may be breached upon continued strong price action and an increase in volume.

Medium term traders want to be buyers above $30.25, using a stop of $27.40 and a target of $37-38.
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