ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Modern Alpha Channel
  2. Schumer Kicks Off Cybersecurity Awareness Month
Modern Alpha Channel
Share

Schumer Kicks Off Cybersecurity Awareness Month

Karrie GordonOct 05, 2022
2022-10-05

Senate Majority Leader Chuck Schumer (D) has issued a call to action for better consumer cybersecurity protections and better identification of perpetrators from both the Federal Trade Commission and the Department of Justice as Cybersecurity Awareness Month begins this year.

Schumer stated at a news conference on Sunday, October 2nd, that referenced some of the most recent cyber attacks on public companies as well as private agencies. These attacks included the recently disclosed hack into Uber in which hackers stole data related to invoices and gained access to the company’s Slack messages. There was also a successful phishing attack against American Airlines in September in which personal information was obtained on a limited number of customers and employees.

“We want to know who took (private data), what they did with it, and what consumers need to do to protect themselves, and the responsibility is with the Federal Trade Commission, the FTC, and the Department of Justice, and we’re asking them to make – to redouble their efforts to answer all of these,” Schumer said.

Other companies that have reported cybersecurity breaches this year include Samsung, DoorDash, Cisco, Twitter, Marriott, Holiday Inn, Verizon, Morgan Stanley, Nvidia, and more.

Cyberattacks have been on the rise ever since the onset of the pandemic in which a larger percentage of the population found themselves working from home, increasing the potential number of access points for hackers to find a way into companies. Even though many have returned to work since cybersecurity remains a primary focus for most companies in an increasingly digital age.

Investment Opportunities Within Cybersecurity

For advisors and investors looking to allocate to a rapidly growing industry in high demand, the WisdomTree Cybersecurity Fund (WCBR B) offers a great opportunity.

WCBR seeks to track the WisdomTree Team8 Cybersecurity Index, which invests globally in companies whose main revenue is derived from cybersecurity and security-oriented technology that prevents attacks and intrusion into systems, networks, computers, applications, and mobile devices. Companies included must derive at least half of their revenues from cybersecurity, have revenue growth of at least 7% over the trailing three years for new additions to the index, or 5% for current index constitutions, and meet market cap and average daily trading volume requirements.

The index also utilizes exclusionary filters to screen out companies based on ESG criteria that violate UN and Global Standards Screening guidelines, are involved in controversial weapons (biological, chemical, cluster, nuclear, or white phosphorous weapons, and anti-personnel mines), have significant involvement in tobacco or thermal coal activity, or violate other ESG standards of the index.

The current country allocation includes the U.S. at 84.87% weight, Israel at 4.68%, the United Kingdom at 4.15%, Japan at 4.12%, South Korea at 1.84%, and Canada at 0.35%.

WCBR carries an expense ratio of 0.45%.

For more news, information, and strategy, visit the Modern Alpha Channel.


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X