Three ASX-listed cybersecurity stocks to look for in 2022

Highlights

  • Cybersecurity threats are becoming more and more sophisticated and frequent as world has transitioned to remote work.
  • Since the pandemic hit the world, FBI has seen a 300% surge in cybersecurity complaints.
  • TNT, AR9, WHK are some of the ASX-listed cybersecurity firms that are trying to capitalise on this sophisticated industry.

Security has become one of the major concerns for our digital world. It has become even more concerning after the onset of COVID-19 pandemic. Since the pandemic hit the world, FBI has seen a 300% surge in cybersecurity complaints, whereas global loss due to online security breaches had surpassed US$1 trillion in 2020.

Cybersecurity

Image Source:  Pete Linforth from Pixabay

Cybersecurity threats are becoming more and more sophisticated and frequent as world has transitioned to remote work, increasing our dependence on digital devices. To protect us from these online frauds, threats, security breaches etc. companies have been trying hard to deliver technologies and solutions to counter them. As demand for these solutions is increasing, it could surge to even higher levels in 2022. On that note, let us have a look at three ASX companies that are into providing cybersecurity solutions.

Read More: Three ASX-listed cybersecurity stocks to watch in June 2021

  1. Tesserent Limited (ASX:TNT)

Tesserent is an ASX-listed cybersecurity company, having a market capitalisation of AU$271.4 million. The company has partnered with a diverse set of clients from various industries and governments to provide cybersecurity and secure cloud services.

 

It covers industries such as health, retail, educational, finance etc. TNT shares have rallied 4.35% this month and last closed at AU$0.24, as of 15 October 2021. The YTD return stands at negative 31.43%.

 

  1. archTIS Limited (ASX:AR9)

archTIS is a global firm providing software for a secure online collaboration of sensitive information. It also provides software for data loss prevention, encryption of sensitive data, administrative control for information sharing etc.

 

The AR9 share price is down 5.71% this month and last closed at AU$0.33 on Friday. The year-to-date return stands at 6.45%. The company has a market capitalisation of AU$71.2 million.

 

  1. WhiteHawk Limited (ASX:WHK)

WhiteHawk is a AU$40.8 million US-based cybersecurity firm providing products and solutions to address cyber risks. The company aims to empower a fearless internet experience and provides solutions to both big and small enterprises.

 

The company’s share price is up 2.94% as of 15 October 2021, last closing at AU$0.175 on Friday. The WHK shares have delivered a YTD return of negative 37.5%.

Bottom Line

As more and more online threats and frauds are taking place in our digital world, the need for cybersecurity is becoming more important then ever. From data protection to identity theft to a secure transfer/sharing of information, all these solutions provider might be having a good scope in a few years down the line.

However, investors should not invest in any stock without his due diligence or consulting his financial advisor.

Read More: 3 ASX-listed cybersecurity stocks under the spotlight

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