How are these four cybersecurity shares performing today?

Highlights: 

• Cybersecurity is the practice of safeguarding electronic devices, software, and data from malicious attacks. 
• Cybersecurity is a rising concern in today’s world due to the increase in cybercrime. 
• Recently, the Department of Defence has become the victim of a ransomware attack that might have stolen the personal information of personnel.  

Cybersecurity refers to the healthy practice of safeguarding computers, hardware, software, data and network, and all other electronic devices from malicious attacks. Cybersecurity is also commonly known as information technology security or electronic information security. 

Types of cyber security: 

• Network security – it is the method by which a network is protected from cyberthreats. 
• Application security – it refers to the protection of software from malicious attacks. 
• Information security – this focuses on safeguarding confidential data from cyberattacks.  

Cybercrime has become a rising concern in today’s world. As a result, various information technology companies have come up that specialise in offering cybersecurity solutions to their clients. 

This article discusses four ASX-listed cybersecurity companies and their performance on the ASX today: WhiteHawk Limited (ASX:WHK), archTis Limited (ASX:AR9), Cipherpoint Limited (ASX:CPT), and Tesserent Limited (ASX:TNT).

Recent ransomware attack in Australia 

Some media houses have reported that the Department of Defence was hit by a ransomware attack recently through a communication platform used by the military. The department is worried that the personal information of personnel, such as dates of birth, might have been compromised post the attack. 

Reports have also revealed that hackers targeted the ForceNet service operated by an external information and communication technology provider. The company initially informed the department that no data of current or former personnel were compromised. 

However, an external source having knowledge of the investigation said that the Department of Defence believed that some of the personal information of personnel was stolen through the attack.  

WhiteHawk Limited (ASX:WHK)

Image source: © Ipopba | Megapixl.com

Online cybersecurity marketplace WhiteHawk Limited’s (ASX:WHK) shares were buzzing in the green territory on the ASX on Tuesday morning. They were trading 14.754% stronger at AU$0.07 apiece at 10:51 AM AEDT today. 

WhiteHawk’s share price has declined by 53.33% on the ASX over the previous year, and on a year-to-date (YTD) basis, the company’s share price has dropped over 41% on the  ASX (as of 10:51 AM AEDT today). 

WhiteHawk Limited is an online cybersecurity marketplace listed under the Consumer Discretionary sector on the ASX. WhiteHawk’s headquarters are in Perth, Australia. The company has a market capitalisation of AU$13.66 million.   

archTis Limited (ASX:AR9)

Shares of archTis Limited (ASX:AR9) were spotted trading at AU$0.140 per share at 10:33 AM AEDT today. 

The share price of archTis has fallen by 50% on the ASX in the last 12 months, and on a YTD basis, the company’s share price has fallen by 26.32% on the ASX (at 10:33 AM AEDT today). 

Founded in the year 2006, archTis Limited is an ASX-listed cybersecurity service provider, listed under the Information Technology sector on the ASX. The company is known for offering consultation and multilevel security solutions for secured information transfer. archTis’ products include Kojensi Gov, Kojensi Field, Kojensi Cloud, Kojensi App, and DataKloak. 

Cipherpoint Limited (ASX:CPT) 

Image source: © Terovesalainen | Megapixl.com

The information technology security company Cipherpoint Limited’s (ASX:CPT) shares were spotted trading at AU$0.004 per share at 10:03 AM AEDT today. 

In the past 12 months, Cipherpoint’s share price has fallen by almost 87% on the ASX (as of 10:03 AM AEDT today). 

Founded in 2010, Cipherpoint Limited is an ASX-listed technology company offering cybersecurity to businesses and governments for dealing with sensitive and confidential data across various platforms. The company is headquartered in Sydney, Australia. 

Tesserent Limited (ASX:TNT) 

Shares of the cybersecurity service provider Tesserent Limited (ASX:TNT) were spotted trading at AU$0.115 apiece, at 10:39 AM AEDT today. 

In the span of the last 12 months, Tesserent’s share price has declined by 45.24% on the ASX and on a YTD basis, the company’s share price has fallen by almost 36% on the ASX (as of 10:39 AM AEDT today). 

Established in the year 2015, Tesserent Limited belongs to the Information Technology sector on the ASX. The company offers cybersecurity solutions and networking services to its corporate customers in Australia, the UK, and Korea. Tesserent’s headquarters are situated in Victoria, Australia. 

Meanwhile, the S&P/ASX 200 Information Technology sector (INDEXASX:XIJ) was quoted at 1446.1  points, up by 0.035%, on the ASX at 11:27 AM AEDT today (1 November 2022).