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Cyber Security Stocks To Watch After Colonial Pipeline And JBS Hacks

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.


Our theme of Cyber Security Stocks remains down by about 1% year-to-date, significantly underperforming the S&P 500 which has gained about 13% over the same period. However, the theme has picked up a bit since our last update in mid-May, when it was down by 6%.The underperformance versus the broader indices is likely due to the fact that most of the stocks in the theme are high-growth, high-multiple names that have been out of favor in the current market, as investors rotate into value and cyclical stocks to play the post-Covid boom in the U.S. economy. However, there’s good reason for investors with a long-term view to increase their exposure to cybersecurity stocks. Companies and governments are getting more serious about protecting their networks and infrastructure, following multiple high-profile cybersecurity incidents in recent months, including the ransomware attack on the Colonial Pipeline, the SolarWinds
SWI
hack, and the recent cyber attack on JBS – the world’s largest meat supplier. The increasing shift from on-premise to cloud-based information systems should also make companies prioritize security. Moreover, IT spending by corporates, in general, is likely to pick up from this year, after they scaled back on spending in 2020 due to Covid-19. This should bode well for companies that provide software, hardware, and services that help protect computer systems and networks.

Within our theme, Fortinet
FTNT
a company that provides cybersecurity-related hardware and software, has been the strongest performer, rising by about 49% year-to-date on account of stronger than expected quarterly results and its pivot to the cloud. On the other side, the stock price for Qualys
QLYS
a company that provides cloud security, compliance, and related services, remains down by about 18% this year, as its guidance for this fiscal year was weaker than expected.

[5/17/2021]

Our theme of Cyber Security Stocks has declined by about…

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Comodo Mobile Security BETA



Exclusive: U.S. to give ransomware hacks similar priority as terrorism

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.


The U.S. Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism in the wake of the Colonial Pipeline hack and mounting damage caused by cyber criminals, a senior department official told Reuters.

Internal guidance sent on Thursday to U.S. attorney’s offices across the country said information about ransomware investigations in the field should be centrally coordinated with a recently created task force in Washington.

“It’s a specialized process to ensure we track all ransomware cases regardless of where it may be referred in this country, so you can make the connections between actors and work your way up to disrupt the whole chain,” said John Carlin, principle associate deputy attorney general at the Justice Department.

Last month, a cyber criminal group that the U.S. authorities said operates from Russia, penetrated the pipeline operator on the U.S. East Coast, locking its systems and demanding a ransom. The hack caused a shutdown lasting several days, led to a spike in gas prices, panic buying and localized fuel shortages in the southeast.

Colonial Pipeline decided to pay the hackers who invaded their systems nearly $5 million to regain access, the company said.

The DOJ guidance specifically refers to Colonial as an example of the “growing threat that ransomware and digital extortion pose to the nation.”

“To ensure we can make necessary connections across national and global cases and investigations, and to allow us to develop a comprehensive picture of the national and economic security threats we face, we must enhance and centralize our internal tracking,” said the guidance seen by Reuters and previously unreported.

The Justice Department’s decision to push ransomware into this special process illustrates how the issue is being prioritized, U.S. officials said.

A person fills a fuel container at a Shell gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Washington, D.C., U.S., May 15, 2021. REUTERS/Andrew Kelly/File Photo

“We’ve used this model around terrorism before but never with ransomware,” said Carlin. The process has typically been reserved for a short…

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How to Check Your Android Security Patch Level to See if You’re Protected Against the Latest Vulnerabilities « Android :: Gadget Hacks

Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being.


Numerous potential exploits are found for every operating system each month, and Android is no exception. Trouble is, lots of Android devices don’t receive timely updates — but many are now getting regular monthly security patches to at least shore up these vulnerabilities.

If you want protection from the latest dangerous hack, you’ll need to be on the newest security patch level. Google publishes these each month alongside a report on what’s been changed, but they can only guarantee the updates will be sent out to their own Pixel devices. For all other phones, there’s a chance you might not receive the security patch in a timely manner, but at least there’s a way to check.

Checking Your Security Patch Level

Different Android skins place their settings in varying locations, so we’ve divided this guide up by manufacturer. If your OEM is not listed below, try the Google/Stock Android method, as it’s typically the most universal.

1. Samsung

Samsung has taken so much criticism over the years about their poor update schedules that, in response, they’ve slowly become one of the best Android OEMs at updating their phones.

To check your security patch level on a Galaxy phone, open Settings, then scroll down toward the bottom and select About Phone. Inside, tap Software Information, then you’ll see the Android security patch level at the very bottom of the list.

2. Google/Stock Android

Google is responsible for the base-level patches for all of Android, but they also handle all software updates for both the Pixel line and any Android One device.

To check your security patch level on a Google-developed phone, start by opening your Settings app. From there, scroll down and choose About Phone towards the bottom. Next, tap Android Version, then your Android security update level will be displayed towards the top of the screen.

3. OnePlus

OnePlus’ lauded OxygenOS skin is close to stock Android, but it still reorganizes the Settings menu a bit. OxygenOS is also updated fairly frequently.

To check your security patch level on a OnePlus phone, open your Settings app and scroll down almost all the way to the bottom to tap About Phone. Here, tap Android Version, then you’ll see your Android security update

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