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.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

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