Darktrace, NCC: Stocks to watch out for amid intensified cyber threat

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Darktrace, NCC: Stocks to watch out for amid intensified cyber threat

 Darktrace, NCC: Stocks to watch out for amid intensified cyber threat
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Highlights

  • Employees and businesses in the UK are being warned to brace themselves for possible cyber-attacks amid a heightened threat from Russian hackers.
  • Experts have said that the fears of cyber-attacks from Russia have increased with the UK government imposing more tougher sanctions on Russia.
  • The global cybersecurity market is expected to grow by 12.5% every year from 2021 to 2028.

 

It has been more than a week since Russia started its military assault against Ukraine on conventional ground warfare. But that’s not all, Ukraine has been facing cyber attacks from Russians for some time now. Russia has one of the world’s most technologically advanced forces, and the Western countries that are supporting Ukraine have been on high alert for cyber-attacks from Russia. Companies were urged to boost their digital security over concerns of possible Russian cyber-attacks.

The cyberattacks include hacking into personal or official systems for accessing data, introducing denial-of-service attacks to prevent websites from being accessed, and destroying essential infrastructure within the systems.

cybersecurity stocks to buy in March

© 2022 Kalkine Media®

Employees and businesses in the UK are being warned to brace themselves for possible cyber-attacks amid a heightened threat from Russian hackers. UK’s data watchdog the National Cyber Security Centre (NCSC) has asked employees to report if they received any suspicious emails rather than deleting them.

Experts have said that the fears of cyber-attacks from Russia have increased with the UK imposing more tougher sanctions on Russia. According to ICO data, between July and December 2021 around 1,345 cyber attacks took place in the UK, including phishing attacks and ransomware attacks, which is a 20% increase as compared to the same period in 2019.

The global cybersecurity market is expected to grow by 12.5% every year from 2021 to 2028.

So, let us look at the five FTSE-listed cyber security stocks that you may consider.

Kape Technologies Plc (LON: KAPE)

The market cap of cybersecurity company that develops and offers a variety of digital products, Kape Technologies Plc stood at £1,263.82 million as of 4 March 2022. The company has delivered a return of 84.49% to its shareholders over the last one year as of 4 March 2022 it hasn’t performed well this as its year-to-date return standing at -21.32%. Kape Technologies Plc’s shares were trading at GBX 364, up by 1.11%, at 9:05 AM (GMT), on 4 March 2022.

Also Read: Safestore, Property Franchise: Stocks you may buy amid rising house prices

 

NCC Group Plc (LON: NCC)

The market cap of cyber security and risk mitigation service provider, NCC Group Plc stood at £568.20 million as of 4 March 2022. The company’s share value has depreciated by -32.90% to its shareholders over the last one year as of 4 March 2022 and it hasn’t performed well this as its year-to-date return standing at -24.71%. NCC Group Plc’s shares were trading at GBX 177.00, down by 3.49%, at 9:05 AM (GMT) on 4 March 2022.

Darktrace Plc (LON: DARK)

The market cap of autonomous AI company Darktrace Plc stood at £3,564.49 million as of 4 March 2022. The company has delivered a return of 16.61% to its shareholders since the start of this year as of 4 March 2022. Darktrace Plc’s shares were trading at GBX 499.40, down by 2.37%, at 9:05 AM (GMT) on 4 March 2022.

Crossword Cybersecurity Plc (LON: CCS)

The market cap of cyber security and risk management company Crossword Cybersecurity Plc stood at £24.74 million as of 4 March 2022. The company has delivered a return of 7.84% to its shareholders over the last one year as of 4 March 2022 and it hasn’t performed well this as its year-to-date return standing at -8.33%. Crossword Cybersecurity Plc’s shares were trading at GBX 33.00, at 9:05 AM (GMT) on 4 March 2022.

Also Read: Why Evraz and Polymetal will lose their FTSE 100 status?

cybersecurity stocks to buy in March

© 2022 Kalkine Media®

Micro Focus International Plc (LON: MCRO)

The market cap of international software and information technology company, Micro Focus International Plc stood at £1,208.99 million as of 4 March 2022.

The company’s share value has depreciated by -34.34% to its shareholders over the last one year as of 4 March 2022 and it hasn’t performed well this as its year-to-date return standing at -18.32%. Micro Focus International Plc’s shares were trading at GBX 342.60, down by 4.83 at 9:05 AM (GMT) on 4 March 2022.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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