Shocking New Threats Could Mean Huge Profits

Cyberattacks are affecting millions. It’s a serious wake-up call. But despite the danger there are also great opportunities to take advantage of by focusing on this space.

The frequency of these attacks has exploded over just the past few months in 2017, with a particularly big surge since mid-May.

The consequences are becoming more dire. Cybercriminals can obtain access to bank accounts, brokerage accounts and everything else that you keep private.

And today my goal is to scare the daylights out of you with how bad this surge in cybercrime is!

But, don’t worry! This also means the timing for cybersecurity plays simply could not be better or more profitable.

Cybercrime on the Rise…

In 2014, a so-called “phishing” attack managed to obtain the credentials of 500 million users of Yahoo’s free email service.

In 2016, LinkedIn reported that it too had been hacked, with account details for 117 million users being stolen and then sold on the “dark web.”

In 2017, Yahoo announced it was hit again, and again we saw hundreds of millions of account details stolen. And now the latest hack saw users of Gmail successfully targeted during May 2017, again hitting hundreds of millions of accounts with what became known as the “WannaCry” virus.

“WannaCry” ransomware attack affected millions in more than 100 countries. It hit governments, large corporations and hospitals, locking them out of critical files with no way to retrieve them.

And then to make matters worse we have the most recent attacks of consumer credit giant Equifax.

The severity of this breach cannot be overstated. It is absolutely horrific: 142 million Americans private data have now fallen into the hands of cybercriminals.

This includes things like your birthday, your Social Security number, all of your past addresses and phone numbers and so on. It is an unmitigated disaster.

These attacks are becoming so sophisticated that they are even fooling the best IT professionals — ones who focus on cybersecurity for a living.

The writing’s on the wall. The next attack could be devastating to our nation.

Attacks Pose Catastrophic Danger to Big Businesses

When it comes to cyberattacks, I’m absolutely that guy who is crying “fire” in a crowded theater. But whatever dramatic hyperbole I can come up with to draw attention to this looming crisis is still probably going to fall short of the real consequences.

If you’re a major corporation responsible for millions of accounts holding sensitive customer data, a data breach could have a catastrophic effect on your business.

Such an attack could cripple or even entirely decimate your customers’ trust. And many companies still need solutions that give the security they need to safely conduct business in today’s increasingly complex cyber-threat landscape.

Now onto my newest concern. And it’s a big one.

Multipronged cyberattacks have been discovered to be systematically targeting each of the links along the chain of the U.S. power generation and distribution networks. These attacks used upgraded versions of Trojan horse, watering hole and phishing attacks.

A single hit that would result in a shutdown of a major distribution point on the nation’s power grid could affect tens of millions.

The results would be devastating.

Cities across the nation would see major blackouts. Economic development would virtually halt as our infrastructure and the systems running them crumbled.

The Need for Fixes Brings Big Profits

Now here’s the “good news.”

In light of the recent wave of ransomware attacks, many cybersecurity stocks have already rallied. And there is no doubt that as attacks continue to rise so will the cyber security sector’s value.

We’re going to see massive spikes in the value of many cyber security companies as businesses and government entities scramble to keep up with the risks.

I want you to be on red alert with respect to any plays you like in the cybersecurity space.

The sudden spikes in the cybersecurity sphere are coming, and there’s strong potential for maximized gains in this space now, and in the foreseeable future.

Now is the time for action.

For Tomorrow’s Trends Today,

Rick Pearson
for The Daily Reckoning

The Daily Reckoning