ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • 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 Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Nasdaq Portfolio Solutions Channel
  2. Cyber Risk Tops Climate Change as Largest Concern
Nasdaq Portfolio Solutions Channel
Share

Cyber Risk Tops Climate Change as Largest Concern

Karrie GordonOct 12, 2021
2021-10-12

Climate change and the dangers it brings may be the greatest concern globally, but in America, what weighs heaviest are cyberattacks and the risks they bring. A recent study completed by AXA, a global insurance and asset management firm, on future risks and how they rank according to public opinion and risk management experts found that in the U.S., cyber risk was the number one concern for the first time.

The U.S. fell victim to 65,000 ransomware attacks last year alone at a time when the vast majority of the workforce was homebound and working digitally in the midst of the ongoing pandemic, reports Financial Times. Combine that with high-profile cyberattacks such as the reveal of the source code for Amazon’s live streaming platform Twitch last week, which leaked the income of some of the most popular streamers as well as other vital information, and cybersecurity is a concern that continues to sit at the forefront for many people.

Other major cyberattacks include the ransomware attack on the Colonial Pipeline as well as the Solar Winds hack that laid bare many weaknesses within the federal government’s own cybersecurity.

Cybersecurity is an involved and complex issue with attacks being individual, state sponsored, and any mix in between. Targets can include government agencies, private companies, or just individuals; many people that have been hacked are often reluctant to admit so, fearing empowering future hackers.

The U.S. Senate is currently attempting to tackle some of the gaps at the federal level by considering a bill that would require all cyberattacks on government contractors, agencies, and critical infrastructure companies to be reported to the Cybersecurity and Infrastructure Security Agency within 24 hours to avoid those entities being subjected to high fines.

“If we can’t see it, we can’t effectively defend,” said Jan Easterly, head of the Cybersecurity and Infrastructure Security Agency.

ProShares Invests in Cybersecurity

The ProShares Ultra Nasdaq Cybersecurity ETF (UCYB C) is a leveraged ETF that tracks twice the daily returns of the Nasdaq CTA Cybersecurity Index, the same index tracked by the First Trust Nasdaq Cybersecurity ETF (CIBR B).

In fact, UCYB holds CIBR, then uses swaps contracts on that ETF to obtain leveraged exposure.


Content continues below advertisement

ProShares Ultra Nasdaq Cybersecurity

UCYB’s underlying benchmark tracks companies that build, implement, and manage security protocols for public and private networks. To be included, companies must have a minimum market cap of $250 million. Within the index, no singular security can carry more than 6% weight. Lower-volume securities have even tighter weighting restrictions.

UCYB’s benchmark tracks companies such as CrowdStrike Holdings (CRWD), Accenture Plc (ACN), and Cisco Systems (CSCO).

As a leveraged fund, UCYB carries different, greater risks than non-leveraged funds, and should be actively monitored.

UCYB carries an expense ratio of 0.98% with a contractual waiver that ends on September 30, 2022.

For more news, information, and strategy, visit the Nasdaq Portfolio Solutions Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

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