Cyberattacks on U.S. businesses could be an
opportunity for investors as companies spend money to upgrade their
infrastructures, big-name money managers said on Wednesday at a
conference geared to sharing potential blockbuster ideas.
Even U.S. Treasury Jacob Lew, speaking at the CNBC Institutional
Investor Delivering Alpha conference, noted that such attacks are an
immediate concern.
"Everyone in this room knows
cyber intrusions are not some hypothetical event on the horizon," Lew
said, calling them a threat to economic security.
That, in turn, means more companies will have to upgrade, adapt or
otherwise evolve their systems to deal with the problem, investors said.
"Every business in the United States will have to
spend more money to defend themselves," said Lee Ainslie, head of
Maverick Capital. He feels that companies providing cybersecurity could
grow.
Jim Breyer, the chief executive of Breyer
Capital, also listed cybersecurity and messaging as among his most
interesting focuses at the conference, as well.
read full article at Chicago Tribune
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