Cyberattacks are America's biggest threat in 2021.

According to a recent report from Cybersecurity Ventures, cybersecurity costs are expected to top $20 billion.

That's a more than 50X increase from the $325 million shelled out in 2015.

In case you missed it, here's a sobering reminder of what cyberterrorists have done so far this year...

In May, foreign hackers shut down a key U.S. oil pipeline for nearly a week.

Just a few months earlier, CNA Financial Corp. — one of the biggest insurance companies in the U.S. — quietly paid hackers $40 million to end a brutal ransomware attack.

And even scarier still, a cyberterrorist hacked into a Florida water treatment plant's network and tried to poison 15,000 people with lye in February.

Now businesses and consumers are spending billions to shore up their digital defenses against cybercrooks.

That’s why today I’d like to revisit the one cybersecurity stock you need to take advantage of this trend.

Click the video below to get started.

Video Notes:

• The stock we’re looking at today is iShares Cybersecurity and Tech ETF (IHAK):

• Some big names in the cybersecurity world comprise the top holdings, like Fortinet Inc. (FTNT), Proofpoint Inc. (PFPT), Palo Alto Networks Inc. (PANW) and Juniper Networks Inc. (JNPR)

• Normally I focus exclusively on breakouts, but this is an ETF that transcends traditional breakouts

• I expect that cybersecurity is going to be fierce, and right now it's tough to say which names are going to benefit best

• So IHAK is a great catch-all opportunity that gives you access to over 40 of the best names in the cybersecurity space at just under $40 a share.

• As you can see the ETF pulled back considerably along with the rest of tech. But in terms of a rebound, I think cybersecurity is on its way higher while some other areas of tech have been oversaturated:

• When we have a rebound in tech, IHAK and cybersecurity stocks, in general, are going to outperform as we move higher

• The ETF broke below the 50-day moving average through much of March, but it’s making a comeback here.

• What I really like here is that the 50-day moving average is flattening out and we've held so far to the 200-day moving average:

• In the longer term, the ETF has been on an uptrend ever since March 2020

• Even with a little bit of a pullback, the ETF has continued to hold above this trend line with the 50-week moving average as healthy support

• I could easily see IHAK moving to $50 or higher as the threat of cybersecurity attacks continues to grow.

• If you’re looking for a timely play in tech with a lot of profit potential down the road, go ahead and consider adding IHAK to your account today.

Thanks for watching today’s video.

As always, I’m J-Rod here for Rich Retirement TV. I’ll see you next week

On the hunt,

Jonathan Rodriguez