Internet security could be the next hot investment theme

(Translated by ejinsight)

The Nasdaq index has been hitting new highs in recent months, prompting investors to take a fresh look at technology plays. The question now is this: which specific segment within the sector should one bet on?

Broadly, major themes like artificial intelligence, cloud, big data have been around for quite some time. So, where does the opportunity lie now? Well, how about internet security?

Talking about internet security, we have to say a few words about the legendary hacker Kevin Mitnick.

Mitnick was best known for his hacking into the Department of Defense’s North American Aerospace Defense Command computer at the age of 15.

He then hacked into Pacific Bell voice mail computers at 17 and played around with telephone numbers of millions of households.

Mitnick became the world’s first person who got arrested for hacking. After his release, he continued to hack into some of the most well-guarded systems, including Nokia, Motorola, Sun Microsystems, etc. In 1995, Mitnick was arrested again.

He was almost 40 when he came out this time. Though his passion for hacking remained strong, he changed the approach.

In 2000, Mitnick founded an internet security firm that helps customers find out loopholes in their computer systems by hacking into their systems. Finally, he was able to harness his talent to make a fortune in a legal way.

Over the years, ensuring internet security has become a more demanding task.

In the past, internet companies only stored data of their own or their customers. But now they might store personal information of the public. The data variety has also increased a lot, given netizens’ penchant for putting pictures, videos and other content on the internet. 

As no company can afford to ignore the issue of data protection, internet security spending is set to increase substantially.

If there is news of any serious data leakage, a firm could easily see its share price get halved in no time. Tens of millions or even hundreds of millions of dollars of spending on internet security will be nothing compared with the potential drop in market capitalization.

Given that most AI, cloud or online shopping companies have posted remarkable gains, investors may want to look into the internet security sector to seek out some candidates to diversify their tech portfolios.

Source: Hong Kong Economic Journal

Topics: Speaking Engagements, technology, Global Ghost Team, cloud, internet security, Motorola, Nokia, Pacific Bell, Sun Microsystems, artificial intelligence, Big Data, investment, Kevin Mitnick

Latest Posts

Kevin offers three excellent presentations, two are based on his best-selling books. His presentations are akin to technology magic shows that educate and inform while keeping people on the edge of their seats. He offers expert commentary on issues related to information security and increases “security awareness.”

Mitnick Security: Ransomware Awareness Training

Ransomware is a type of malware that prevents accessibility to either a single computer or an entire network until a ransom is paid. This can result i..

Read more ›

Mitnick Security: Phishing Awareness Training

Phishing emails are one of the most common social engineering techniques used by threat actors today due to such high success rates. About 3.4 billion..

Read more ›

Mitnick Security Training: QR Code Cybersecurity Test

Nearly 90 million smartphone users in the U.S. alone have used QR codes on their mobile devices. By 2025, that number is projected to grow to 100 mill..

Read more ›
tech-texture-bg