Jeff Yastine, Financial Journalist and Veteran Investor’s View on Cybersecurity as a Gold Mine for Investors
Jeff Yastine has served as the editor of Total Wealth Insider since he joined Banyan Hill Publishing in 2015. Jeff is also a weekly contributor to Banyan Hill’s Winning Investor Daily and Sovereign Investor Daily by helping investors comprehend economic, monetary and business trends. Jeff Yastine focuses on creating and developing new editorial resources and products by highlights profit-making opportunities brought to light by the company’s financial editors.
About Jeff Yastine’s Career
Mr. Yastine has over two decades of experience in stock market investments and financial journalism in the financial world. From 1994 to 2010, Jeff was an Anchor and Financial Correspondent at PBS Nightly Business Report. During this time, Jeff visited Cuba in 1994 and 2003 and reported on the impact that foreign investors have on the economy of the nation. Jeff has learned investing tactics from interviewing some of the most successful entrepreneurs and financiers, such as Sir Richard Branson, Michael Dell, and Warren Buffett, just to name a few.
He also reported on several investment stories which helped warn investors during the dot-com bubble and real estate crisis in the mid-2000’s. Jeff’s reporting also covered significant national events, for example, the handover of the Panama Canal in 1999, the Hurricane Katrina’s financial impact in 2005, the Deepwater Horizon oil spill in 2010, and the influence of foreign automakers building new manufacturing plants in the southeastern United States. Yastine’s reporting has enabled and assisted people to identify favorable investment opportunities in large company turnarounds and small-cap growth stocks across a wide variety of sectors such as agriculture and biopharmaceutical sector.
Jeff Yastine’s View on Cyber Security
Currently, the new frontier is computer security, and this is displayed by the high demand for professionals exhibiting those skills. The deficit of cybersecurity skills continues to persist across many countries. An online security officer can make over 200,000-250,000 dollars a year, a rising amount that companies are willing to spend on cybersecurity nowadays. Jeff Yastine notes that this sector is a gold mine for investors.
Based on a recent survey by Becker’s Hospital Review, 73% of hospitals are ready and willing to increase their spending on cybersecurity. On average, the yearly revenue of a hospital is approximately 160 million dollars, and out of that, the hospital spends around 4 million dollars just on cybersecurity products and services. Jeff Yastine believes that by 2021, cybersecurity will be a 1 trillion dollar business.