Risk, returns & timeframes illustration
1 min read
March 7, 2022
by

Cybersecurity goes shields up!

Ukraine is battling a hybrid war, being attacked on all fronts. How’s the cyberworld rallying around and could cloud protection launch pre-emptive strikes to thwart hack attacks? 🎯
Risk, returns & timeframes illustration
1 min read
March 7, 2022
by

Cybersecurity goes shields up!

Ukraine is battling a hybrid war, being attacked on all fronts. How’s the cyberworld rallying around and could cloud protection launch pre-emptive strikes to thwart hack attacks? 🎯
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It’s not just dating, dinner and dancing dominating our online lives. The internet is fast becoming a digital battle ground entrenched in a hybrid war. Cyber-attacks during Russia’s unprovoked ground, sea and air attack on Ukraine and defending against online threats means spending on cybersecurity is expected to jump, spurred on by the US. Because - like Luke Skywalker preparing for a wave of imperial TIE fighters 👾 - organisations around the world have been told to go ‘shields up’ to protect themselves from a potential cyber-attack surge. 

And Americans aren’t necessarily safe hiding in their geographical bunker. National Security Agency (NSA) Director ADM Michael Rogers says US companies could find themselves caught up in the cyberwar if Russia tries to target America’s way of life. 🎯 Think companies like Coca-Cola or McDonalds, he says.

The cyber battle is already getting messy. Rebel hacker group Anonymous has reportedly thrown their support behind Ukraine taking the battle to space, hacking a website belonging to Russia’s Space Research Institute. 🚀 A lot of internet gets conducted through space and our very own Han Solo 2.0, Elon Musk, says that after deploying Starlink internet terminals in Ukraine, terminals in conflict areas were being jammed. Musk also warned that their terminals are highly likely to be targeted and that he’d redirect SpaceX resources to cyber defence to help resolve the issue.

Big cybersecurity companies have activated their deflector shields and have been actively involved in thwarting attacks. CrowdStrike (CRWD), which provides cybersecurity solutions, has been working to protect companies from a new Wiper malware used in Ukraine cyberattacks. Meanwhile, Cloudflare (NET), specialists in defending companies from DDoS and other cyber attacks, has been working to protect Ukraine from DDoS attacks and to offer free protection for vulnerable groups like journalists, social activists and humanitarian organisations. May the force be with them. 👊

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

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