More Connections Means More Security

Cybersecurity stocks have long been of interest to investors, especially after this year's spate of high profile hacking attacks on big name companies and government systems.

The field is abuzz with new startups and old faithfuls all promising to protect companies from the latest hacking attacks. However, as the Internet of Things (IoT) grows and more devices are connected, the need for protection has likewise grown infinitely.

Life And Death

During Gartner Inc IT's Symposium ITxpo 2015, analyst Christian Byrnes warned that the growth of the IoT could have dire consequences if proper security protocols aren't in place.

Byrnes cautioned that as more critical systems like elevators and hospital equipment gain access to the Internet, the risk of a hacking attack increases exponentially. He pointed to the FDA's recent recommendation to pull an insulin pump from the market due to hacking concerns.

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Security A Priority

With the IoT growing rapidly, many investors are looking for ways to get in on the trend. Because security is likely to be paramount to an IoT company's success, traders are looking to invest firms that provide safe connections.

NXP Semiconductors NV NXPI is one such firm that has made a name for providing top-of-the-line security and is currently responsible for the secure connection used by Apple Pay.

For traders looking for a bigger name, Cisco Systems, Inc. CSCO is a popular choice, as the company has already established itself as a player in the IoT field and boasts a wide range of targeted security software.

Others expect the boom in IoT security to benefit the cybersecurity industry as a whole and are investing in ETF's like PureFunds ISE Cyber Security ETF HACK.