September 14, 2024
How to Profit in a Dangerous Online World
Dear Subscriber,
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| By Jim Nelson |
This week gave us three stark reminders why we can’t be too careful in today’s online world.
On Tuesday, we found out that hackers had access to Slim CD’s — a payment processor in Florida — network for nearly a year. They stole credit card and personal information from 1.7 million people.
A day later, the crypto exchange Indodax suffered a hack that resulted in $22 million being drained from users’ crypto wallets.
And just yesterday, Russian hackers gained access to the Taiwan financial markets, including the stock exchange and a major bank.
Imagine if that had instead been the NYSE and JPMorgan. The downtime. The fear among people with real money at stake. The embarrassment of the institutions of having systems that were vulnerable to bad actors.
Scary times. But we’re not helpless.
For as much growth as there’s been in cybercrime, there’s an equal amount in new cybersecurity innovation.
Of course, as always, your editors are on top of it all … and how to play it for (legal) profits.
In fact, just on Tuesday, your tech expert Michael Robinson reminded us that in this fight, you have to fight fire with fire. He writes:
“AI may be helping bad actors commit cybercrimes …
But it’s also been vital in terms of helping thwart them.
Here are a few notable benefits:
- AI can recognize patterns and perform proactive actions on the user’s behalf.
- AI can provide continuous, round-the-clock monitoring.
- AI can identify false positives, a major challenge for human security and IT professionals.
- And AI can even be used to mitigate insider threats.
These benefits demonstrate why AI is so important when it comes to cyber security, and part of the reason Fortune Business Insights predicts that, by 2030, the global cyber market will be worth $425 billion.”
He also found a way to play this huge market. You can find that here.
AI is clearly the fire on both sides of this trend. So, no matter if the good guys or the bad guys get the upper hand, AI continues to boom.
While Nvidia is the obvious way to play it … it’s too obvious. Instead, I recommend you check out what our team just found to replace Nvidia as your No. 1 AI investment.
Sean Broderick is also watching the news. He has another angle … involving the newest type of cyberattack:
“Let’s say you go out to eat at a restaurant, and they’ve replaced their old menus with a QR code at the table. So, you scan it with your phone. You got hacked!
This hypothetical hack uses a QR code. These codes can now be used for “quishing.” That’s the newest form of phishing.
Phishing is when hackers send fraudulent emails that not-so-innocently ask you to reveal personal information, such as passwords and credit card numbers.
QR Code phishing, or quishing, is the next step.”
Fortunately, he too has good advice — including how to avoid these attacks and protect yourself.
But he also has a way to play the other side of this — the boom in cybersecurity.
Check out his recommendation here.
Your other experts were busy this week too. Here’s what they are recommending right now …
Our 12 Best Stocks out of 12,645
When it comes to safety and protecting yourself — especially when it comes to investing — there’s nobody you should listen to more than Gavin Magor. This week, he showed us how only 12 out of the 12,645 stocks we rate are worthy of “A” status.
3 Ways to Play the New Space Race
Boeing can’t stay out of the news. If it isn’t a scary mid-flight blown panel, it’s a major worker strike. Well, Chris Graebe is covering yet another … the Boeing Starliner sage. Fortunately, others involved in this field aren’t facing such troubles. He has three investments worth looking at.
Buy This Backdoor AI Digital Assistant Giant
Michael is also following the big news out of Apple — Siri’s new AI. While the world needs to get ready for more AI digital assistants, he has the perfect backdoor way to profit.
That’s all for this week. Have a great weekend!
Jim Nelson
Managing Editor, Weiss Ratings Daily
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