NEW YORK (MainStreet) -- The rampant data breachesthroughout the past year have spelled nothing but bad news for major corporations and millions of American consumers.
Sony (SNE) - Get Report , Home Depot (HD) - Get Report , Target (TGT) - Get Report , eBay (EBAY) - Get Report and Apple (AAPL) - Get Reportare among the victims, with their customers and users suffering compromised sensitive personal and financial information. But as anxiety has swelled especially over the busy shopping period, there's a silver lining for investors: the opportunity to capitalize on the prevalent hacks by investing in cybersecurity.
According to a PwC report from September, cyber hacks are increasing at 66% year over year, and cybersecurity investments are responding in kind: IDC is expecting the cyber security sector to have a 7% compound annual growth rate through 2017.
"It's a growth industry, so to speak," said Christian Magoon, consultant to the PureFunds ISE Cyber Security ETF (HACK) - Get Report , which launched Nov. 12 and is comprised of 30 holdings that are plays on cyber protection.
Continue Reading on MainStreet