Category Archives: News

Hackers are ramping up attacks on retirement accounts

Hackers are ramping up attacks on retirement accounts

When we think of cyber attacks we tend to think of ones against companies, large or small, but we as cybercriminals become more sophisticated we are seeing them target a different set of targets. One of these newer targets includes new types of financial accounts, which bleeds over in data privacy, a key aspect of the Foxberry Tematica Research Cybersecurity & Data Privacy Index

 

Bank accounts are a top target for hackers, and retirement accounts may not be far behind. Cybercriminals are moving toward retirement and loan accounts. Although the number of consumers affected by identity fraud has declined between 2017 and 2018, hackers are targeting new types of financial accounts — such as customer rewards programs and retirement plans, according to the 2019 Identity Fraud Study from Javelin Strategy & Research.

Part of the problem is identity theft, which can provide hackers the keys to getting into important accounts.

 

With the burgeoning 5G market expected to hit a tipping point in the coming quarters, giving rise to the industrial internet (otherwise known as the internet of things), we suspect this is only one of many new target vectors we will be reading about in the coming months.

Source: Hackers are ramping up attacks on retirement accounts — how to keep yourself safe – MarketWatch

Internet Crime Costs Americans Billions

Internet Crime Costs Americans Billions

While investor focus this week looks to be squarely on COVID-19 and its potential economic impact, the very real costs of cybersecurity threats, which are features in our Safety & Security investment theme, continue to grow at an impressive pace, rising nearly 30% in 2019 from 2018 and nearly 340% over the past 5 years.

Infographic: Americans Are Losing Billions Due To Internet Crime | Statista You will find more infographics at Statista

 

According Statista,

“The FBI’s Internet Crime Complaint Center (IC3) has released its 2019 Internet Crime Reportwhich found that 2019 was a record year for both victims of internet crime and dollar losses in the United States. 467,361 complaints were logged by IC3 in the last calendar year – 1,300 per day on average. The most frequent internet crimes recorded in 2019 were phishing, non-payment/non-delivery scams and extortion. Individuals and businesses lost $3.5 billion in total, an increase on the $2.7 billion lost in 2018.”

Donna Gregory, the chief of IC3, said that while the FBI did not see an increase in new types of fraud in 2019, “criminals are getting so sophisticated” and that “it is getting harder and harder for victims to spot the red flags and tell real from fake.” The companies in the Foxberry Tematica Research Cybersecurity & Data Privacy Index look to provide solutions for and benefit from this growing problem.

 

Infographic: Top Cybercrimes in the U.S. | Statista You will find more infographics at Statista

 

Source: • Chart: Americans Are Losing Billions Due To Internet Crime | Statista

Thematic Reads: February 10, 2020

Thematic Reads: February 10, 2020

Each week Team Tematica consumes a voracious amount of content as we look to stay on top of the latest data and mine it for tailwind and headwind signals for our 10 investment themes.

Aging of the Population
The global demographic shift towards a more senior population


Cleaner Living
Growing demand for items that claim to be better for you and the planet:


Digital Infrastructure
The Buildout and upgrading of our Networks, Data Storage Facilities, and Equipment


Disruptive Innovators
Business models designed to transform an entire industry and leap-frog over incumbents.


Digital Lifestyle
The increasingly digital landscape that now underpins the entire consumer experience.


Guilty Pleasures

The products and services people will consume no matter the economic environment.


Living the Life

Those things that bridge the gap between want and ability at every socioeconomic level.


Middle-Class Squeeze

Consumers trading down when and where possible or looking to stretch the disposable dollars they do have.


New Global Middle Class

Areas around the world where rising disposable incomes are driving demand for a host of products and services.


Safety & Security

Reflecting the evolving needs across individual, cyber, corporate and homeland security.



What Else We Are Loving

Other reads, experiences, products, services and the like that we enjoyed so much this past week we just had to share

  • We along with other investors continue to assess the impact of the coronavirus outbreak on the global economy as well as corporate earnings. As we have witnessed time and again, a pain point tends to give rise to potential solutions, and we are watching that unfold in response to the virus that has resulted in more than 45,000 cases worldwide and more than 1,100 deaths.  China has launched an app that allows people to check whether they have been at risk of catching the virus. People identified as being at risk are advised to stay at home and inform local health authorities.

 

Disclosures

Thematic Reads: February 3, 2020

Thematic Reads: February 3, 2020

Each week Team Tematica consumes a voracious amount of content as we look to stay on top of the latest data and mine it for tailwind and headwind signals for our 10 investment themes.

Aging of the Population
The global demographic shift towards a more senior population


Cleaner Living
Growing demand for items that claim to be better for you and the planet:


Digital Infrastructure
The Buildout and upgrading of our Networks, Data Storage Facilities, and Equipment


Disruptive Innovators
Business models designed to transform an entire industry and leap-frog over incumbents.


Digital Lifestyle
The increasingly digital landscape that now underpins the entire consumer experience.


Guilty Pleasures

The products and services people will consume no matter the economic environment.


Living the Life

Those things that bridge the gap between want and ability at every socioeconomic level.


Middle-Class Squeeze

Consumers trading down when and where possible or looking to stretch the disposable dollars they do have.


Safety & Security

Reflecting the evolving needs across individual, cyber, corporate and homeland security.



 

 

 

Daily Markets: Stocks Kick Into High-Gear Risk-On Mode

Daily Markets: Stocks Kick Into High-Gear Risk-On Mode

Stocks continued to shrug off concerns over the coronavirus and kicked into high-gear risk-on mode. The Nasdaq 100 and Nasdaq Composite both hit new all-time highs. The VIX dropped 10% yesterday alone and the yield on the US 10-year rose 7 basis points. Absent from the party were WTI crude, which fell another 1% to hit a new 52-week low, and Utilities, the only sector to finish the day lower.

That risk-on mode continued today in Asian equities, which moved higher including those in China despite the number of confirmed coronavirus cases in China exceeding 24,000 and the death count approaching 500. While the World Health Organization said this morning that there is still no known treatment at this time, there were reports that scientists are making breakthroughs with a vaccine for the coronavirus. Speculation continues to point to further stimulus moves by the People’s Bank of China as it looks to offset the impact of the coronavirus, including lowering its loan prime rate on Feb. 20, and cut banks’ reserve requirement ratios in the coming weeks.

We think we can safely place “don’t fight the PBoC” alongside the popular investor mantra that is “don’t fight the Fed.”

Read more here

Disclosures

Daily Markets: China Stimulates Markets, the Iowa Debacle and Trump’s State of the Union

Daily Markets: China Stimulates Markets, the Iowa Debacle and Trump’s State of the Union

Yesterday the major indices reversed a bit of the decline since fears over the coronavirus began. The Nasdaq 100 lead the major US indices, gaining 1.5%, the Nasdaq Composite 1.3%, the S&P 500 0.7% and the Dow 30 0.5% while the CBOE Volatility Index (VIX) lost 4.6%. The oil market continues to suffer with estimates that China’s oil consumption could decline by as much as 20%. 

Despite a second coronavirus death being reported outside of China and the number of confirmed coronavirus cases in China exceeding 20,000 with the death count surpassing 400, the speed of the virus’s international increase appears to have slowed compared to last week, This potential good news coupled with another round of stimulus from the People’s Bank of China — another $71.2 billion of liquidity via reverse repo agreements on top of the $143 billion injection on Monday — led Asian markets to end the day higher, including a rebound in the Shanghai Index today.  European equities have followed suit and are up across the board while US equity futures point to a vibrant market open. 

If you were expecting to read about the results of the Iowa Caucuses, we are sorry to inform you that an “election debacle” unfolded yesterday as the Democratic Party found “inconsistencies in the reporting.” According to Mandy McClure, the state party’s communications director, “The underlying data and paper trail is sound and will simply take time to further report the results.” Results could be released as soon as late today. 

While this could make for some interesting barbs as we get ready for tonight’s annual State of the Union Address…

Read more herehttps://www.nasdaq.com/articles/daily-markets%3A-china-stimulates-markets-the-iowa-debacle-and-trumps-state-of-the-union

Disclosures

Daily Markets: Coronavirus Delivers Sharp Shift To The Markets

Daily Markets: Coronavirus Delivers Sharp Shift To The Markets

First off, after a nail biter of a game heading into half time, the Kansas City Chiefs dominated the fourth quarter to win Super Bowl LIV.  Before the game, the AFC and the NFC were tied for Super Bowl victories at 27 each. The last time both conferences had the same number of wins was back in 1990 at 12 a pop. In the prior five years when the 49ers won the Super Bowl, the S&P 500 was up for the remainder of the year every time by an average of 20.2%. The one time the Chief won the Super Bowl was in 1970 which saw the S&P 500 fall 0.3%. The one other time they made it but lost to the Packers, the S&P 500 gained 14.1% in the remainder of the year.

Before the big game, last week we closed the books on January and to say it ended on a weak note would be a bit of an understatement. Coronavirus contagion fears dominated not just the stock market, but the global economy. Last Friday stocks fell sharply, with the major US indices falling between 1.5% and 2.1%. The hit from coronavirus fears has been so profound the S&P 500, the Dow Jones Industrial Average, the NYSE Composite and the Russell 2000 were all in negative territory YTD as of Friday’s close. The Nasdaq 100 and the Nasdaq Composite remained up 3% and 2% YTD, respectively, but even that is dwarfed by the near 37% jump in the CBOE S&P 500 Volatility Index.

And for context on the sharp shift in the markets last week, consider this: a week ago, every major global equity index was at least one standard deviation above its 50-day moving average. After Friday’s close most were in oversold territory except Australia and New Zealand, which were aided by currency declines.

As the Chiefs and their fans celebrate their victory…

Read more here

Disclosures

Daily Markets: Markets Grapple With GDP Impact Of Coronavirus

Daily Markets: Markets Grapple With GDP Impact Of Coronavirus

As we get ready to close the books on January, gains in equities earlier in the month have come under pressure as the coronavirus continues to expand. Earlier today China’s National Health Commission confirmed there have been 9,692 confirmed cases of the coronavirus, with 213 deaths, but reports suggest the virus has reached at least 18 counties. The U.K. confirmed its first two cases of coronavirus on Friday, while the U.S. and Japan advised citizens avoid traveling to China. We’d remind readers that yesterday the World Health Organization (WHO) labeled the virus a “global health emergency” and the US State Department elevated its China travel advisory to Level 4 –  “Do Not Travel.”

Investors and economists are now attempting to assess the impact of this moving target on the global economy and corporate earnings.

Read more here

Disclosures

Daily Markets: Coronavirus Beginning to Have Material Impact On Economy, Stocks

Daily Markets: Coronavirus Beginning to Have Material Impact On Economy, Stocks

In yesterday’s Daily Markets note, your authors shared that as equity markets looked to shrug off the mounting coronavirus news, our suspicion that we had yet to see the real fallout on economic growth and earnings expectations. It would seem we were correct in that thinking. Overnight economists updated their forecasts in an attempt to size up that potential economic impact, and it is weighing on global equities. With more than 7,700 people being infected by the virus and the World Health Organization saying the spread of the virus outside of China is a “grave concern,” one Chinese economist estimated the virus could hit China’s GDP by 1-5% while economists from Nomura shared the “outbreak could cause China’s real GDP growth to shrink to below 4% from the 6% pace.”  We suspect these are only the first few revisions to be had in the coming days.

Below in today’s note, we call out various companies who have announced changes to their operations as a result of the virus below, but we’d like to point out that the sheer magnitude of work that is being put on hold cannot help but have an impact on global supply lines as well. Add this to the impact of the ongoing trade war and you have some material headwinds to global growth.

Read more here

Disclosures

Thematic Reads: Week of January 27, 2020

Thematic Reads: Week of January 27, 2020

Each week Team Tematica consumes a voracious amount of content as we look to stay on top of the latest data and mine it for tailwind and headwind signals for our 10 investment themes.

Aging of the Population
The global demographic shift towards a more senior population


Cleaner Living
Growing demand for items that claim to be better for you and the planet:


Digital Infrastructure
The Buildout and upgrading of our Networks, Data Storage Facilities, and Equipment


Disruptive Innovators
Business models designed to transform an entire industry and leap-frog over incumbents.


Digital Lifestyle
The increasingly digital landscape that now underpins the entire consumer experience.


Guilty Pleasures

The products and services people will consume no matter the economic environment.


Living the Life

Those things that bridge the gap between want and ability at every socioeconomic level.


Middle-Class Squeeze

Consumers trading down when and where possible or looking to stretch the disposable dollars they do have.


New Global Middle Class

Areas around the world where rising disposable incomes are driving demand for a host of products and services.


Safety & Security

Reflecting the evolving needs across individual, cyber, corporate and homeland security.



What Else We Are Loving

Other reads, experiences, products, services and the like that we enjoyed so much this past week we just had to share

  • This coming Sunday will be the game… THE game that will capture global attention as the San Francisco 49ers square off against the Kansas City Chiefs in Super Bowl LIV. And as much as we will be watching the game and its outcome — 75 experts surveyed by ESPN have the Chiefs favored over the 49ers (48-27) with the most common predicted final score of 31-27 — team Tematica will, of course, be watching the commercials, sampling adult refreshments and, of course, eating wings. This very well could include sampling the new Old Bay hot sauce from McCormick.

 

Disclosures