In a move to enhance threat detection capabilities, Devo Technology, a US-based security data analytics company, is set to integrate Snare, the cybersecurity solution from business software developer Prophecy International Holdings (ASX: PRO). The collaboration aims to offer accelerated threat detection and response, strengthening the global cybersecurity landscape. With the global cybersecurity market projected to
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Big techs have been spending billions on cybersecurity, ramping up investments in 2021 when cyber crimes picked up pace. Growing cybercrime has not only weighed heavily on companies’ wallets but has also reduced users’ trust, especially when it comes to social media apps where people hold some of their most private information. In line with
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As supply chain challenges ease, companies are finally being able to return to profitability. Tech distributor Dicker Data (ASX: DDR) is among them. In H1 2023, the Company reported strong revenue growth with unaudited revenue locking in at $1.6 billion, an increase of 9.4% on H1 CY22. The rise in revenue can be partially credited
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In 2021, Australian small and medium enterprises (SMEs) accounted for 68% of employment, adding significant value to the economy. However, these small businesses are often dealt from the bottom of the deck when it comes to cybersecurity. A report found that over 40% of cyber attacks target SMEs owing to their relatively poor infrastructure, and
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The Australian cybersecurity landscape is currently at its state of volatility. The increase in ransomware as a service to the nation’s largest corporations, a growing number of compromised business emails, unaddressed vulnerabilities, and security backdoor possibly due to transition to work from home setting makes businesses of all sizes and industries prone to substantial risks.
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Following the Medibank and Optus breaches, the latest Aussie victim of a cyberattack is Latitude Financial, a consumer lender with clients like JB HiFi. In March, the Company witnessed an attack that compromised the data—driver’s license numbers, passport numbers, financial statements and personal details—of 14 million customers. Plus, like Medibank, it has refused to pay
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