A recent survey by McAfee showed that 43% of respondents identified disruption to critical infrastructure as the greatest single threat posed by cyber-attacks, and nearly 57% believe that a cyber space arms race is occurring.<\/p>\n","protected":false},"excerpt":{"rendered":"
However, despite the growing need for preventing these sorts of attacks, actual spending and preparedness in the area is nonexistent. A recent survey by Bloomberg of network managers at 21 energy companies, found that these firms only spend an average of $45.8 million a year on IT security. … However, analysts estimate that to prevent 95% of all attacks, it would take an average annual budget of $344.6 million per company.<\/p>\n
To put that into context, the U.S.’s largest utility, Southern Company (NYSE:SO), only made around $277 million in profit last year. Nationwide, the U.S. would need to spend a total of $46.6 billion to prevent 95% of all attacks. Given how vital our infrastructure is to national security and under-funded nature of the sector, cybersecurity will undoubtedly get a larger share of the shrinking defense budget. <\/p>\n
With cyber threats continuing to mount and the reliance on computer networks growing, adding an IT security component to a portfolio makes sense. Both the PowerShares Aerospace & Defense (ARCA:PPA) and iShares Dow Jones US Aerospace (ARCA:ITA) follow some of the largest defense contractors and could be used as proxy for the defense sector. <\/p>\n
Communications defense contractor Harris (NYSE:HRS) has been increasing its security offerings in the space and could be great way to play the need for secured data systems. <\/p>\n
http:\/\/stocks.investopedia.com\/stock-analysis\/2012\/Cybersecurity-Is-The-Way-To-Play-Defense-Spending-SO-ITA-PPA-PCP0209.aspx?partner=YahooSA#axzz1lzqFqWJl<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2253","post","type-post","status-publish","format-standard","hentry","category-trends"],"_links":{"self":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=2253"}],"version-history":[{"count":1,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2253\/revisions"}],"predecessor-version":[{"id":4740,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2253\/revisions\/4740"}],"wp:attachment":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=2253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=2253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=2253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}