Last week, I discussed how 5G networks will accelerate the Internet of Things (IoT).
The number of consumer and industrial devices linked by the IoT will swell to over 22 billion in the next five years. That’s up over 100% compared to this year.
But the IoT also means that tech-savvy bad actors could disrupt a factory floor or infiltrate our vital utilities networks.
That’s why cybersecurity spending to protect IoT devices will reach nearly $31 billion in 2025 — triple the sum spent last year!
You can profit from this trend in cybersecurity spending with the First Trust Nasdaq Cybersecurity ETF (Nasdaq: CIBR).
Research Analyst, Alpha Stock Alert
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