Cybercrime costs are rising. According to Cybersecurity Ventures, it is expected to reach $10.5 trillion annually by 2025, making cybersecurity a crucial investment sector.
iShares Cybersecurity and Tech ETF (IHAK) offers a diversified portfolio of top-performing cybersecurity stocks, reducing idiosyncratic risk while capturing sector growth.
Despite market volatility, the long-term outlook for cybersecurity remains strong, driven by increasing cyber threats and the need for robust defense mechanisms.
David Johnson, an investor entrepreneur and Seeking Alpha Analyst, rates IHAK a Buy due to its exposure to global cybersecurity companies and the growing demand for cybersecurity solutions.
Over the past 5 years, IHAK has had a total return of 86.3 percent with an expectation that it will grow at an accelerated pace, according to Johnson.
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