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.\n\nWhile 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.\n\nFor investors, there are opportunities in cybersecurity companies, though most are pricey growth plays. The sector exhibits strong revenue growth, but profitability varies.\n\nWatch the full episode here\n\n\nTo listen in podcast form click\xa0\u2060\u2060here\u2060\u2060
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\nThe 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
\nResponsible Investing DisclaimerNucleus Wealth offers all investors the option to tailor their investment portfolios according to the investor\u2019s own brand of personal ethics. While Nucleus Wealth maintains ethical standards of integrity, honesty and reliability, it does not seek to impose these on its investors. Rather, Nucleus Wealth offers investors a system of investment that incorporates three core strategies: (i) customisable; (ii) transparent; and (iii) safe. Within this, investors are given the ability to customise their investments insofar as it aligns with their ethical preferences, rather than that of the fund manager, by using screens and tilts. Once the investor\u2019s portfolio has been adjusted, Nucleus Wealth provides the investor with a company profile, access to performance dashboards and detailed monthly performance reports of each company within the investor\u2019s portfolio to further inform the investor on their investment decision and the company\u2019s ethical standing as it aligns with the screens and tilts opted for. Nucleus Wealth utilises a number of domestic and international sources to identify whether companies from particular countries or sectors fall within the categories of screens and tilts which the investor may choose to apply. While Nucleus Wealth undertakes its own fundamental analysis on each company, there is also the risk that investors could reach a different conclusion to Nucleus Wealth on whether a company falls within the frame of responsible filters being applied. For more information visit\xa0\u2060\u2060Nucleus Wealth's responsibility-related statements\u2060\u2060.