Shares in cyber security group soar as digital attacks hit Japan

Shares in a Japanese tech start-up, whose chief executive correctly bet that Covid-19 would unleash a surge of cyber attacks and entrench a corporate prejudice against unlisted companies, have surged more than 670 per cent after pressing ahead with its listing at the height of the mid-March market turmoil.

The explosive rise in the shares of Cyber Security Cloud has given a company with 45 employees a market capitalisation of around $800m. It listed on the Tokyo Stock Exchange’s Mothers board on March 26, days after the benchmark Nikkei 225 Index had racked up losses of 20 per cent.

Cybersecurity the responsibility of agencies, not us, AGD and ASD say

During a hearing held by the Joint Committee on Public Accounts and Audit last month into the cybersecurity resilience of Commonwealth entities, the federal opposition poked holes in current reporting requirements and highlighted a lack of accountability for when Commonwealth entities come up short.

The Australian National Audit Office (ANAO) faced the firing line, with the committee asking why the Protective Security Policy Framework (PSPF) has not been made mandatory for all Commonwealth entities, and why, given they're called the Essential Eight, only the Top Four is looked at.