Next Investors logo grey

Cybercrime: Is your business prepared?


Published 11-FEB-2019 10:39 A.M.


1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Late last week, the Australian government was hit by a cyberattack.

While the true cost is yet unknown, it’s feared that the parliamentary network – which is used by every MP – may have been compromised during the ‘sophisticated’ attack.

To further compound the breach, the Australian Signals Directorate (the government’s key pillar in its cybersecurity defence) had moved to lock down the parliamentary network in recent days, suggesting that the parties responsible may have an inside track in the nation’s capital.

Due to the cunning nature of the attack, leading agencies believe it could have originated from China.

“The Department of Parliamentary Services and relevant agencies are working jointly to take the necessary steps to investigate the incident, while our immediate focus has been on the security of the network and protecting data and users,” House Speaker Tony Smith and Senate President Scott Ryan said.

“There is no evidence that any data has been accessed or taken at this time, however this will remain subject to ongoing investigation,” the duo said.

These events have once again brought forward the question: if the Australian government cannot protect itself from a cyberattack, then who can?

Opposition Leader Bill Shorten described the attack as a huge wake up call for small and medium-sized businesses (SMEs).

“They don’t have the budget of the Parliament of Australia. If I’m prime minister I’m going to invest a lot more in the cybersecurity of our small and medium sized enterprises.”

Thankfully for SMEs, WhiteHawk (ASX:WHK) has identified this pressing need.

The company has established the world’s first online cybersecurity exchange, working with SMEs to assess and identify security liabilities before providing solutions to protect their data.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.