Rapid Insights Ep.3: Hacked! Cybersecurity Stocks Fight Back

In this podcast episode, with help from Patrick Gray of Risky Business, we delve into the rising concerns surrounding cyberattacks on high-profile companies, including Medibank, Optus, Latitude, and Canva. These incidents occurred before hackers gained access to advanced AI tools and cryptocurrencies, making detection more challenging. While share prices tend to recover after cyberattacks, sometimes the impact can be enduring. The democratization of security risks means that every company is now a potential target, with various industries, including hospitals and law firms, facing unique challenges. Surprisingly, major banks maintain a lower risk profile due to robust security processes. For investors, there are opportunities in cybersecurity companies, though most are pricey growth plays. The sector exhibits strong revenue growth, but profitability varies. Watch the full episode here To listen in podcast form click ⁠⁠here⁠⁠

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The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796

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