Cybersecurity ETFs may get an extra push over "nasty bug" worries

A newly detected vulnerability in Log4j (Open-source Java Library) has affected iCloud, Steam and Minecraft and poses a real threat to other businesses. Worries have spread as this particular open-source Java library is used in almost all major Java-based enterprise apps and servers across the industry. Tracked as CVE-2021-44228, the vulnerability allows unauthenticated remote code execution as the user running the application utilizes the Java logging library. A hacker can gain complete control of a server when exploited correctly. The Log4j library in Java is used to keep a record of all activity in an application and is thus very commonly used by software developers across the world.

As businesses scramble to prevent cyber-attacks, cybersecurity companies will remain in the spotlight. Investors can gain exposure to a basket of cybersecurity stocks that are set to benefit through exchange-traded-funds (ETFs), including First Trust NASDAQ Cybersecurity ETF, L&G Cyber Security UCITS ETF, ETFMG Prime Cyber Security ETF and iShares Digital Security UCITS ETF among others.

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