cybersecurity

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If You Want an Accurate Financial Forecast, Ask a Waiter

financial forecast

Many investors really start to study the markets this time of year in an effort to divine what's next for global markets and, by implication, their portfolios.

But for an accurate financial forecast, I turn to the world's top steak houses, which are known haunts for global traders anxious to blow off some steam and have a fabulous meal.

Today I'm going to talk about what's not"on the menu" - pardon the pun - and why. Then, I'll highlight an investment poised for profits as a result.

Here's what waiters can tell you that economics can't.

The Simplest, Most Effective Strategy for Profiting from Cybersecurity Today

lock-tech

Last week, a specific event triggered an entry point in the cybersecurity industry that will cost the world's economy $575 billion this year alone.

And, as usual, I've got two suggestions for you that could lead to big profits.

Here's your entry to play the global economy's $575 billion challenge...

This National Security Project Will Help Us Double the Market

Tech

In fiscal year 2015, the federal budget is $3.8 trillion.

When you look at a number like that, a $133 million award sounds insignificant.

But the focus of that spending is going to be life-changing for tech investors...

Most investors don't even realize it's a huge player here...

NYSE Shutdown Shows Cybersecurity Risks – and Opportunities

Dow Jones Today

The New York Stock Exchange's meltdown on Wednesday shows how fragile our financial infrastructure is. But it also shows how canny investors can position themselves to profit from that fragility.
The NYSE, a unit of the Intercontinental Exchange (NYSE: ICE), shut down at 11:32 AM ET, and was offline until after 3:00 PM ET.

Frankly, it was scary to see the NYSE - the ideal of exchanges for a decade - melt down.

Cybersecurity Stocks in Focus in Stock Market News Today

stock market news today

Good morning! In stock market news today, Friday, June 5, U.S. stock futures forecasted a 38-point decline from yesterday's close.

A cyberattack on the data of four million federal employees across nearly every government agency was announced by U.S. officials late Thursday. Additionally, the May jobs report is in focus in today's trading session.

Here are the top stories in stock market news today...

15 of the Biggest Cyberattacks Launched on U.S. Sites This Year

cyber secutiry attacks

One of the biggest cyberattacks ever happened to the State Dept. recently. And it made national news.

But not every cyberattack breaks headlines. Do you know how vulnerable you are to a cyberattack?

Turns out many cyberattacks have happened already in 2015, but not much of a deal was made about them…

Cybersecurity Stocks Just Got Another Huge Buy Signal

cybersecurity stocks

U.S. President Barack Obama doubled-down on his fight against cyberterrorism last week - which means he also delivered 2015's second major "buy" signal for cybersecurity stocks.

The first signal was in early February. That's when President Obama requested $14 billion in his 2016 fiscal-year budget for increased cyber defense. Roughly $5.5 billion of that is requested just for the Pentagon.

"In recent breaches, more than 100 million Americans had their personal data compromised, including, in some cases, credit card information," President Obama said.

That's why cybersecurity stocks are on our list of the most profitable opportunities for investors...

Tax Refund Fraud 2015: Five Ways to Avoid Getting Scammed

Tax refund fraud

Tax refund fraud 2015: Americans, in total, spend 6 billion hours a year doing their taxes. They do it because it's a requirement - but also because it's a lifeline. For 70% of Americans, the tax refund is the biggest paycheck they'll receive all year.

Tax refund fraud, which has tripled in the last three years, threatens to take that lifeline away now more than ever. Currently, a little over $5 billion is lost every year to tax fraud according to Government Accountability Office (GAO) estimates. From 2013 to 2014, the number of people who identified themselves as tax fraud victims jumped by 36%. Already this year, 19 states' tax authorities reported high volumes of fraudulent returns.

You can reduce your risk of getting scammed. Taxpayers can take these steps to protect themselves from tax refund fraud in 2015...

Cybersecurity News: How to Keep Your Online Tax Data Safe

cybersecurity news

Cybersecurity news: This was just what the 29 million customers of tax preparation software TurboTax feared most - a fraud alert.

On Feb. 6 TurboTax, a unit of Intuit Inc. (Nasdaq: INTU), was forced to suspend its processing of state tax returns for 24 hours. In the preceding days Intuit and 19 states had noticed a spike in fraudulent state tax returns.

It means taxpayers need to get a lot more proactive about cybersecurity.

In this video, Money Morning Chief Investment Strategist Keith Fitz-Gerald talks about what taxpayers can do to protect themselves.

What Is Net Neutrality? (Infographic)

what is net neutrality

When President Barack Obama started talking about "net neutrality" this month, it set off an instant public debate.

But what is net neutrality?

In short, net neutrality is the idea that all Internet traffic should be treated equally. In other words, traffic from one website should not get preference over another. And no website should have its traffic "throttled" - its speed cut back - for any reason.

To get a better idea of what net neutrality all about, take a look at this infographic...

There's More to the Home Depot Data Breach That Will Really Boil Your Blood

Home Depot data breach

The Home Depot data breach is huge, and yet the general public seems frustratingly unconcerned about it.

Who should worry about data breaches? Everyone. You as an individual are at risk. Your bank account is at risk. Your credit is at risk. You're at risk in ways you never thought about.

We can't afford to ignore this threat any longer...

The 3 Biggest Scams Threatening Your Money Right Now

biggest scams

The biggest scams threatening your money are on the rise - and they're getting more sophisticated.

The absolute best way to avoid risk to your wallet is simply to be informed - by quickly picking up on the warning signs your money is under attack, you can take immediate action.

That’s why we’ve compiled a list of the three biggest scams targeting your money in 2014. Get to know these criminals before they get to know you...

The 8 Biggest Data Breaches in History

target store-001

As more of our lives go digital, the threat of data breaches becomes more of a concern to everyone - consumers, businesses, and the government.

While only a fraction of cyberattacks are successful - hundreds of thousands are made every day - the few that do succeed typically cause a lot of harm. Just ask Target Corp. (NYSE: TGT), which is still suffering from weaker sales resulting from its data breach last fall.

This infographic shows the eight biggest data breaches in history...

Facebook's (Nasdaq: FB) "Experiment" Is One More Freedom Slipping Away

lost freedom

It's Independence Day tomorrow, so here's a story about your freedom to think about and act on.

News came to light this week that a Facebook (Nasdaq: FB) data scientist named Adam Kramer conducted an experiment on 689,003 users of the social network site over a seven-day stretch in January 2012.

Facebook wants us to believe it's all a big kerfuffle over nothing. But it's news for a few reasons...

Obamacare Cybersecurity Bill Not Enough to Protect Personal Info

H

Today (Friday), the U.S. House of Representatives passed an "Obamacare cybersecurity bill" that helps protect people from the gaping security hole that is the Obamacare website.

The Health Exchange Security and Transparency Act, H.R. 3811, is a one-sentence bill that simply requires customers to be notified of any Obamacare website security breach no later than two business days after its discovery. It was passed in a 291-122 vote, with 67 Democrats breaking ranks in support.

Prior to this bill, there was no legal requirement for the Department of Health and Human Services to notify an individual if his or her personal information had been breached.

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