Image source: Getty Images
The rise of artificial intelligence (AI) will likely benefit many ASX stocks. But there is one ASX exchange-traded fund (ETF) that could be the first to rake in some of AI’s game-changing upside.
of BetaShares Global Cybersecurity ETF (ASX:HACK) is a popular choice for many ASX investors. This is an ETF dedicated to providing exposure to the cybersecurity industry and its most important players.
But they may also be poised to thrive with the rise of AI.
ASX ETFs will benefit from the rise of AI cyberattacks
a Recent reports from NBC We revealed that hackers are increasingly using AI tools like ChatGPT to create fraudulent emails, cyberattacks, and criminal schemes.
The report quotes National Security Agency (NSA) Director Rob Joyce as saying:
“We are already seeing criminal organizations and state elements leveraging AI. We are seeing intelligence agents and criminals using those platforms… in the first place they are doing it. “One is just producing better English,” he said. – Verbal outreach to the victim, whether it is a phishing email or more detailed content in the case of malicious influence.
But Mr Joyce also insisted that AI technology is being used to protect against cyber-attacks and hacking. The NSA recently announced the creation of the AI Security Center, which he said will foster “the secure deployment of new AI capabilities” across the cybersecurity world.
“AI, machine learning, deep learning is definitely going to improve our ability to spot malicious activity,” Joyce said. “It’s starting to make things more visible and stand out from the norm.” said.
Which brings us back to the BetaShares Global Cybersecurity ETF. This ETF includes many companies on the front lines of the fight against cybercrime.These include: broadcom, cloud strike, Palo Alto, Octa and Z scaler.
For example, access management stock Okta is currently developing Okta AI. Using Okta AI reportedly can 90% reduction in bot activity in 90 days.
CrowdStrike is another cybersecurity stock. Leverage the power of AI “Detecting the most advanced threats while minimizing false positives.” The company’s “world-class AI” is reportedly “trained on trillions of security events from a variety of platforms.”
Therefore, while the rise of AI is posing new challenges on the cybersecurity front, it is also opening up new solutions in the fight against online illegal activities. And this ETF helps investors get a piece of the action.