Cybersecurity

Cybersecurity Shines in the COVID-19 Pandemic

This week, Ben Jones, discusses the growing necessity of cyber security, and the ISE Cyber Security UCITS Index (HUR) and its performance during the pandemic:

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This week, Ben Jones, discusses the growing necessity of cyber security, and the ISE Cyber Security UCITS Index (HUR) and its performance during the pandemic:

  • Since the COVID-19 pandemic began, there has been a notable increase in cyber security attacks.
  • In the United States during the month of April, the FBI has received 3,000 – 4,000 daily complaints, a steep incline from the normal average of 1,000.
  • In the UK, there was a month to month rise of 37% between February and March 2020; March being the month of British government’s imposed lockdown order.
  • The ISE Cyber Security UCITS Index (HUR), tracks the cyber security theme. The index includes companies that are service providers (hardware/software developers) for cybersecurity and companies that directly provide cybersecurity services.
  • The constituents of the cyber security index tend to be small to mid-size companies, which is conducive to higher growth compared to the members of the tech benchmark, the Nasdaq Global Technology Index (NQG9000).
  • Over the year, the HUR index remains competitive, keeping up with the benchmark, but has outperformed it within the current time period. HUR’s components have displayed higher average one-year net sales growth and average annual gross profit margins than the constituents of the NQG9000 index.

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