This story features TELSTRA GROUP LIMITED, and other companies. For more info SHARE ANALYSIS: TLS
It’s impossible to picture a future without cybersecurity. The ASX hosts a smorgasboard in potential exposures.
By Nikhil Gangaram
The internet of things has heralded a new era of warfare.
With data fast becoming a new form of currency, corporations, governments and private users are at the mercy to a growing army of cyber pirates.
Globally, cybercrime is estimated to have cost -US$8.4rn in 2022, with that number projected to surpass -US$20trn by 2026.
Of late, issues of cybersecurity have flooded headlines in Australia with one notable company after the other falling victim to hackers.
Initially, a wide-ranging data breach of telco giant Optus kicked-off an industry wide panic as hackers snatched the data of 10 million current and former customers.
A few weeks later, fellow telco Telstra ((TLS)) and National Australia Bank ((NAB)) revealed that the details of 30,000 employees had been compromised.
Online shoppers were then left stunned when Woolworths Group ((WOW)) owned subsidiary MyDeal confirmed 2.2m users…
