Please stay tuned for important disclosure information at the conclusion of this episode. Hi, I'm Dave Sikara, and welcome to a bonus episode of the Morning Filter podcast.

Now, as regular viewers and listeners know, we've been trying several different bonus episodes

of our podcast, sitting down with various experts from Morningstar

to discuss different topics that you told us that you want to hear more about. If you have an

idea for other bonus episodes, please send it to us at our email address, the morning filter

at morningstar.com. Now, longtime listeners of the morning filter have heard me mention numerous times over the past several years,

why I really like the attributes of investing in the cybersecurity industry.

So on today's bonus episode, I have with me, Ami Khan, Morningstar's Senior Equity Analyst and a technology team who covers the cybersecurity industry for us.

Ahmed, thank you for joining us today.

Great to be here, Dave. Thank you.

Now, I think most people are pretty familiar with cybersecurity overall

in thinking about it really as a broad term.

Most people are certainly familiar with their own antivirus and firewalls on their home PCs.

But I also think cybersecurity is just one of those terms encompasses a lot more than I think people may necessarily realize.

So I was actually hoping if you could start us off here with a brief overview of what is cybersecurity and what all the cybersecurity entail.

For sure.

So I think when people think about cybersecurity, their core intuition is right.

There's bad guys and then there's good guys who are defending against the bad guys.

So an antivirus, for example, is protecting your computer against the bad viruses.

Once we take that same sort of theoretical standpoint and apply it across an enterprise,

what we see is three key buckets or areas of spending emerge

in cybersecurity.

...