Sophisticated cyberwarfare and rising geopolitical tensions mean that cybersecurity threats are evolving at an even faster pace, impacting entire businesses, their operations and their hard-won reputations. Major microchip and electronic powerhouses were recently hit by cyber-attacks, where parts of their businesses were completely compromised, taken offline for a few days and employee accounts exposed. Some…
Cybersecurity in a Digital World and the War for Talent
April 25, 2022
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Wedbush Expresses Bullishness on Cybersecurity Sector; Names Top Picks; Boosts Price Targets
Wedbush analyst Daniel Ives believes the cyber security sector is poised to have a full year ahead with a solid Q1 earnings season despite jitters around Fed tapering and rates rising. Ives considers cyber security as a “safety blanket tech sector” in a Category 5 storm. While investors will worry about valuations on hyper-growth names in…
Biden Administration Launches New Bureaucratic Framework for Cybersecurity
April 4, 2022
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The U.S. State Department launched a new bureau on March 4, which will introduce new bureaucracies to contend with emerging issues in cybersecurity through policy development and coordination. The Bureau of Cyberspace and Digital Policy (CDP) will seek to “address the national security challenges, economic opportunities, and implications for American values associated with cyberspace, digital…
China Hacks America Again
March 11, 2022
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News Analysis China is hacking into state governments in the United States, stealing sensitive data, and propagandizing the world with disinformation that favors Russia’s invasion of Ukraine. The regime most recently hit at the heart of America, in part, by using an obscure livestock app called USAHERDS. Cowboys everywhere should strap-on their chaps, saddle up,…
Beefing Up Its Cybersecurity, Google Buys Mandiant for $5.4 Billion
SILVER SPRING, Md.—Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acquisition is the first of many that analysts foresee in the cyber security sector following Russia’s invasion of Ukraine. Analysts and government officials have said they expect a wave of cyberattacks…
Amazon CEO Pledges Logistics, Cybersecurity Support for Ukraine
March 4, 2022
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Amazon.com Inc. is using its logistics capability to get supplies to those in need and cybersecurity expertise to help governments and companies as part of its support for Ukraine, Chief Executive Andy Jassy said on Twitter on Wednesday. “Amazon stands with the people of Ukraine, and will continue to help,” Jassy said, following Russia’s invasion…
Cybersecurity Gaining Momentum on Russia–Ukraine Developments: The Stocks to Watch
March 2, 2022
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Russia’s invasion of Ukraine has raised concerns about cyberattacks to a fever pitch. In the United States, banks and major corporations are reinforcing up their cybersecurity protocols in the anticipation of a greater number of hacking attempts. “With the Ukraine conflict now front and center and poised to widen, we expect a surge of cybersecurity…
Cyber Insurance Costs Spike 113 Percent in a Year in Australia: Report
Insurance costs have doubled for cybersecurity breaches amid an onslaught of ransomware attacks globally, according to global consultancy AON. The report, Cyber Insurance Market Insights, found that average premiums rose 113 percent from 2020 to 2021, with AON Australia expecting costs to continue to rise in 2022. “Ransomware has been, and will continue to be,…
Why the Ukraine Conflict Will Augment This Sector’s Growth by 2–3 Percent: Analyst
The Ukrainian crisis is widely expected to have a modest negative impact on multinationals with exposure to the eastern European country. An analyst at Wedbush, meanwhile, sees the cybersecurity sector as a potential beneficiary of the adversity. Brace for More Cyberattacks Russian state-sponsored organizations could step up cybersecurity attacks on U.S. and European governments and…
3 Out of 5 Companies Affected by Software Supply Chain Attacks
A new survey has revealed that three out of every five companies were victim to software supply chain attacks in 2021, marking a drastic rise in the prevalence of these attacks and sending cybersecurity into a scramble for solutions. The survey, which was carried out by the software company Anchore, reported that 62 percent of…
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