Jim Cramer talks to Debra Borchardt about the latest hack attack at the CIA, and what companies are on the leading edge of cyber security. Below is a transcript.
Debra Borchardt: Jim, lets talks about the CIA site. It was hacked. Jim Cramer: Yeah, isn't that something. Deb Borchardt: Its all over the news. But there are ways around this because there are many internet security companies, some that our Bryan Ashenberg has uncovered a long time ago. Jim Cramer: Right, right. Bryan had been dead right on this one. That's at BreakoutStocks.com. Debra Borchardt: He's has been so ahead of the curve. So let's talk about some of those names.
Jim Cramer: We like Fortinet because it's a soup to nuts outfit. We like Websense because you know it's a Cloud. You know, I mean, I think when you see, I think when you read one of these hackings, I think you say, 'Oh boy, I want a Cloud, if people can get hacked.' I don't think it's as bad as people think. But you know, I was talking to some people at Dell and Dell has really accentuated this. They're offering solutions for security and they are talking about billions of attempts to hack every single day. Billions. I mean, so I mean, I think you just have to say well look, by default, I got to bring in a Fortinet which has humans monitoring it which we really like. Again, I want to encourage people to got to Bryan Ashenberg because he's got, you know a lot of my work is derivative of his. I've never cared about pride of authorship when it comes to stocks. But look, this hacking theme, like the trade down theme that I'm emphasizing, these are ones where the stocks have been wildly expensive because of CIA. Because of IMF.
Debra Borchardt: Citigroup, they got hacked. Jim Cramer: Yea, Citigroup. But the whole market. I mean I got a new ATM card in the mail from JP Morgan, the other day and I called JP Morgan and I said listen I didn't lose my card. Well, they were hacked. Yea. Debra Borchardt: That's scary.