Jeff Yastine Says IT Security Stocks Are A Big Investment Right Now
Jeff Yastine says network security has been prioritized for a while by many tech companies because cyber attacks are only going to be picking up in the coming years. In his Banyan Hill article, he says these cyber attacks are no longer simply the work of rogue hackers sitting in dark rooms with laptops; there are organized state-sponsored hacker groups looking to undermine US security with high-grade equipment. Such efforts can include Chinese and Russian government-led groups targeting major infrastructure while others intend to try and infiltrate financial companies with man-in-the-middle kinds of attacks. Yastine says companies are now having to change their strategies from threat mitigation and damage control to complete prevention and firewall hardening due to the seriousness of the attacks. He believes somewhere over $1 trillion will be spent in the network security field over the next several years, and for those who want to get in on it he says they should look at ETFs like the HACK ETF. Yastine lists even more cyber investments in his newsletters. Visit stockgumshoe.com to know more.
Jeff Yastine has been a regular editor for Banyan Hill since 2015 when he joined them after working for years in media. He has a bachelor’s degree in journalism from the University of Florida and over 20 years of experience working with television news networks. He said once in an interview that he first got interested in buying stocks while he was working for a Gainesville, FL NBC affiliate, and it became even more interesting as the years went on. Jeff Yastine reached the highest point of his career in 1994 when he became the lead correspondent for Nightly Business Report on PBS.
During his 17 years on NBR, Jeff Yastine met some of the world’s top businessmen and gave his analysis on groundbreaking stories from around the globe. The events he covered included the return of the Panama Canal to its homeland government, the aftermath of Hurricane Katrina, foreign auto manufacturers investing in the southern US and the 2008 real estate crisis. The people he interviewed over the years include tech entrepreneurs Michael Dell and Steve Ballmer, British magnate Sir Richard Branson and even Warren Buffet. Yastine found several small-cap growth stocks during his career, but he later decided as he took on investing more on his own that he would write articles on it. That led to his starting “Total Wealth Insider” at Banyan Hill in 2015.