Reported about 1 year ago
CDK Global, a software provider for car dealerships in the US and Canada, experienced a cyber attack resulting in outages for thousands of North American dealerships. This incident underscores the importance of cybersecurity for businesses and the broader economy. As cyber threats rise, investors are showing a growing interest in data privacy stocks, such as cybersecurity ETF plays like CIBR and HACK, as companies increase spending on cybersecurity to protect consumer and business data.
Source: YAHOO