Cybersecurity

Re: Cybersecurity

Postby winston » Thu Jul 04, 2019 2:20 pm

not vested

5 Cybersecurity Stocks to Watch As the Trend Heats Up

by Vince Martin

Source: Investor Place

https://finance.yahoo.com/news/5-cybers ... 53055.html
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Re: Cybersecurity

Postby winston » Thu Nov 19, 2020 9:06 pm

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Global X Cybersecurity ETF (BUG)

Over time, the work-from-home trend is likely to cause spending on cybersecurity to soar. “Most people’s personal computers, smartphones and other devices aren’t secure beyond a simple antivirus program or firewall,” Business News Daily reported in June.

Consequently, companies are going to need to spend a great deal of money on ensuring that the devices of their employees working from home are secure.

Also likely to greatly boost cybersecurity spending are the autonomous-vehicle megatrend, the Internet of Things megatrend, the increased use of robots, and the proliferation of wearables.

As more critical, connected devices are utilized, more endpoints have to be protected from hackers. And the latter development, in turn, will greatly increase the revenue of cybersecurity companies.

BUG ETF appears to be one of the best pure-play IT security ETFs. Among its top holdings are cloud-security company Zscaler (NASDAQ:ZS), identity-management leader Okta (NASDAQ:OKTA), and Palo Alto (NYSE:PANW), a top provider of security-management projects.

Also in its top 10 are the rapidly growing IT security company Fortinet (NASDAQ:FTNT), and an identity governance firm, Sailpoint Technologies (NYSE:SAIL), whose stock has already jumped 84% this year.

Source: Investor Place
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Re: Cybersecurity

Postby behappyalways » Fri May 14, 2021 8:45 am

Colonial Pipeline Paid Hackers $5 Million In Crypto Ransom Hours After Attack
https://www.zerohedge.com/commodities/c ... we-service
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Re: Cybersecurity

Postby winston » Tue Jun 08, 2021 8:13 am

Cyber Polygon: Will The Next Globalist War Game Lead To Another Convenient Catastrophe?

I have specifically outlined the bizarre “coincidence” of the World Economic Forum’s Event 201 exercise, a war game co-funded by Bill Gates and Johns Hopkins and launched in October of 2019.

Event 201 simulated a global novel zoonotic coronavirus pandemic (supposedly spread from bats to people) that “required” a global lockdown response.

Only two months later the real thing actually happened. Almost every aspect of the Covid event has played out exactly as was practiced during the WEF war game.


If Event 201 is any indication, then we should remain vigilant and watch carefully for another major cyberattack affecting the supply chain within two months of the WEF’s Cyberpolygon exercise in July.


Source: Alt Market

https://alt-market.us/cyberpolygon-will ... tastrophe/
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Re: Cybersecurity

Postby winston » Thu Jun 24, 2021 10:30 am

Which Cybersecurity Stocks Should You Buy?

Source: Seeking Alpha

https://seekingalpha.com/article/443607 ... must_reads
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Re: Cybersecurity

Postby winston » Mon Jul 05, 2021 9:34 am

Massive ransomware attack on the software supply chain

A massive ransomware attack on the software supply chain has impacted more than 1,000 businesses so far, and the number may continue to grow, according to the cybersecurity firm Huntress Labs Inc.

The hackers targeted managed service providers, which provide IT services primarily to small- and medium-size businesses.

Such attacks can have a multiplying effect, since the hackers may then gain access and infiltrate the MSPs’ customers too.

Source: Phillips
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Re: Cybersecurity

Postby winston » Fri Oct 08, 2021 9:16 am

There’s More Upside Ahead for These Shares

by C. Scott Garliss

Worldwide spending on risk-management technology and information security is expected to grow 12.4% to $150.4 billion by the end of this year.

For 2022, the firm thinks that number could swell another 13.3% to $170.4 billion.

Year to date, HACK is only up about 7%. That’s despite the increase in cybersecurity spending this year and next.


Source: DailyWealth.com

https://dailytradealert.com/2021/10/07/ ... se-shares/
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Re: Cybersecurity

Postby winston » Fri Oct 28, 2022 7:51 am

Hack Attacks Are on the Rise

Cyberattacks have become so frequent that they now average 2,200 per day – one every 39 seconds.

The global cybersecurity market was valued at $139.77 billion last year, according to Fortune Business Insights. Fortune projects 13.4% annual growth through 2029, which would almost triple the market to $376.32 billion.

Another report from market research firm Gartner says organizations will spend more than $188 billion on cybersecurity next year, with that number increasing to $262 billion in 2026.

According to Research And Markets, the global cloud security market is projected to grow from $34.5 billion in 2020 to $68.5 billion in 2025, at a compound annual growth rate (CAGR) of 14.7%.


Source: Smart Money
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Re: Cybersecurity

Postby winston » Mon Aug 21, 2023 7:50 am

Cyberattack keeps some US hospitals’ computers offline for weeks

Key computer systems at hospitals and clinics in several states have yet to come back online more than two weeks after a cyberattack that forced some emergency room shutdowns and ambulance diversions.

As a result of the attack, some elective surgeries, outpatient appointments, blood drives and other services are still postponed.

Globally, the health care industry was the hardest-hit by cyberattacks in the year ending in March. For the 13th straight year it reported the most expensive breaches, averaging US$11mil each. Next was the financial sector at US$5.9mil.

Health care providers are a common target for criminal extortionists because they have sensitive patient data, including histories, payment information, and even critical research data.


Source: AP

https://www.thestar.com.my/tech/tech-ne ... -for-weeks
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Re: Cybersecurity

Postby winston » Thu Aug 24, 2023 5:58 pm

US TECH – DEFENSE AGAINST THE DARK CYBERSPACE

Over the long-term, global cybersecurity spending is projected to increase significantly, with industry estimates pinning 3 to 5-year compound annual growth rates (CAGRs) at 14%-15%.

This growth is propelled by the surge in online crime in the last five years, as evidenced by FBI data showing a 180% rise in complaints and 390% increase in financial losses in the US alone.

A Dell Technologies study done in 2022 found that 48% of surveyed corporations reported experiencing cyberattacks or incidents disrupting data access, a threat that has consistently risen since 2018.

The strategic importance of cybersecurity has gained traction among senior business leaders, with more recognising cybersecurity capabilities as a source of competitive advantage in their businesses.

Over the past 5 to 7 years, geopolitical tensions and the emergence of Advanced Persistent Threat (APT) groups have also heightened the awareness of cybersecurity risks.

These cybersecurity threats have been driving cyberattacks targeting commercial sectors.

The World Economic Forum's (WEF’s) Global Cybersecurity Outlook 2023 report underscores the likelihood of cybersecurity incidents stemming from geopolitical risks, with 86% of business leaders and 93% of cybersecurity leaders expecting such events in the next two years, leading to increased cybersecurity focus and spending by enterprises.

The surge in data usage over the past decade has significantly elevated the importance of data security in commercial environments.

As enterprises increasingly rely on data for business decision-making and operations, the protection of proprietary and customer data is becoming a vital intangible asset.

While conventional cybersecurity budgets were predominantly allocated to hardware firewalls, the paradigm is shifting due to escalating data consumption and the adoption of public cloud services.

Enterprises are now gravitating towards software-based cybersecurity solutions as more enterprise workloads shift onto the cloud environment.

Today in the cybersecurity space, notable investment priorities for businesses include network security, identity access management, and endpoint security.

Access Service Edge (SASE) is emerging as an important trend, as enterprises look to introduce comprehensive solutions to secure their cybersecurity environment.

In the cybersecurity sector, we see large players like Fortinet Inc (FTNT US; FTNT), Palo Alto Networks (PANW US; PANW) and Microsoft Corp (MSFT US; MSFT) as beneficiaries of the increasing adoption of SASE solutions due to cloud migration of enterprises.

These cybersecurity players are reputable and have strong track execution track records, with large existing customer bases that could drive the adoption of SASE solutions with relative ease.

Source: OCBC
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