- Cyber-attacks are now the number one security threat to the U.S., according to Director of National Intelligence
- Cyber offensives pierce defenses of major tech companies
- Valuation and acquisition prospects for cyber security firms improve
The hacking of Google’s official G Suite Twitter account signals an epiphany to sophisticated tech companies that cyber security defense is an area of domain expertise. Facebook, for one, has seen the writing on the wall. After a hack compromised tens of millions of accounts on its social media portal, the company has decided to buy a cyber-security firm, according to one report (http://nnw.fm/U6bfL). Rising online threats like that are brightening the acquisition prospects of cyber-security firms and sending their valuations higher. Cyberfort Software, Inc. (OTC: CYBF) is well positioned to benefit from that increased interest, for its mission is to acquire and develop technologies that improve content filtering, ad blocking and cyber-security (http://nnw.fm/FPi3w). The company plans to apply to be upgraded to the OTCQB Venture Market in early 2019 (http://nnw.fm/Nip1p).
The dearth of expertise in even the best tech companies extends to government. The minister charged with cyber-security in Japan, Yoshitaka Sakurada, startled Japanese lawmakers in a question-and-answer session by declaring that he had never used a computer. When asked whether nuclear power plants in the country allowed…
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