Cyber-security risks are ‘broad and deep’ and attack us all, at all times every day

A great many people are completely unaware of the risks that we are all subject to, online, at every moment on every day of the year. With the regulations that are coming, European authorities are seeking to shore up the level of data protection that it says we should all rely on.

On the 25 May 2018 the General Data Protection Regulations (GDPR) come into force which govern everyone across the European Union (EU) that carry personal data on behalf of online users.

London AIM listed Osirium is a company that produces ‘product suites’ that, it says, protects critical data from cyber-attacks and ‘internal threats’. CEO David Guyatt and CTO Andy Harris explained a bit more about what the company does and say that, while consumers ultimately benefit from the work that Osirium, and others in the sector do, it goes largely unnoticed. But to the corporations and organisations that it works with, the relationship is key to protect them from a barrage of threats that are designed to search out online frailties.

Harris highlighted ‘three vector threats’, these being Russia, North Korea, and China. Of those, he said, Russia and North Korea pose the broad based threat while China is most complicit in intellectual property theft. He says that, on the question of ‘crypto-jacking’ or theft of cryptocurrencies, the main threats come from Russia and North Korea.

It is not likely that the threat to our online security is going to ease. Indeed, there appear to be more and more attempts by illegal organisations, based in places that are difficult to locate, that can be paid a lot of money to breach online security. As companies like Osirium come up with solutions to current online threats, criminals use increasingly sophisticated techniques to breach the protections put in place.

Gyuatt says that, as business burgeons, Osirium is continuing to increase its management team to capitalise on the increase in demand for online protection.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer