NEW YORK (MainStreet) -- The rampant data breaches throughout the past year have spelled nothing but bad news for major corporations and millions of American consumers.
Sony (SNE) , Home Depot (HD) , Target (TGT) , eBay (EBAY) and Apple (AAPL) are 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) , which launched Nov. 12 and is comprised of 30 holdings that are plays on cyber protection.