The scale of the cyber-security problem is immense, with cyber-crime costing $US1.4 trillion in 2019 alone, and forecasts suggesting that losses will grow to $US6 trillion as soon as 2021.
In Australia, the government says cyber-security incidents cost Australian businesses up to $29 billion per year, with cybercrime events affecting almost one in three Australian adults in 2020.
Here are a number of candidates in the ASX-listed cyber-security world that definitely worth a look – but be warned, most of these have tested their investors’ patience.
Tesserent – TNT – Mkt Cap 41.97M – Cyber Security |
Senetas Corporation – SEN – Mkt Cap 54.11M – Data Encryption and cyber security |
WhiteHawk – WHK – Mkt Cap 13.36M – Encryption and cyber security |
Prophecy international – PRO – Mkt Cap 52.53M – Software Developers & cyber security |
PS&C – PSZ – Mkt Cap 14.53M – Software development & cyber security |
Elsight – ELS – Mkt Cap 32.64M – Video/data and Video Security Software |
Cipherpoint – CPT – Mkt Cap 950K – Video/data and Video Security Software. Face recognition. |
Family Zone Cyber Safety – FZO – Mkt Cap 67.97M – Data safety filtering in schools and universities. |
Vortiv – VOR – Mkt Cap 29.29M – Cloud and Cyber security. |
HACK [BETA CYBER/EFT] – HACK – Mkt Cap n/a – Betashares Global Cybersecurity ETF . |
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