Good article on cyber-security threats--GOOD FOR VASCO...
This is an excerpt from the article by a leading security analyst. Taken from an article published today:
"The recent wave of cyberattacks targeting major U.S. banks has cast doubt onto the effectiveness of security infrastructure within the online banking sector.
Though worrisome, there is a potential beneficiary set to gain from this threat, explains one analyst: the cyber security industry.
“Companies have no choice but to spend on security,” Daniel Ives, senior analyst at FBR Capital Markets, told CNBC.
Security breaches have been characterized as denial-of-service attacks aimed at artificially boosting traffic on these websites. Although they have not resulted in theft of personal data or information, they have succeeded in causing damaging blackouts and extended delays for online bankers.
An Iranian hacker group named “Izz ad-Din al-Quassam Cyber Fighters” has claimed responsibility for all of these attacks. Its motives are unknown, but speculation ranges from a response to economic sanctions imposed by the U.S. and other European countries, to backlash from a YouTube video portraying the Prophet Muhammad in a negative light.
Regardless of the nature of the attacks, Ives is adamant that companies will begin to enlist the help of cyber security firms to combat them, projecting a significant jump in the value of these stocks.
Noting that stock prices have not yet experienced this boost, he urged investors to pay attention to surveys conducted by FBR Capital Markets indicating that security is emerging as a top priority for online companies in 2013.
Despite a “choppy spending environment” for information technology within corporate circles, Ives insists that a movement to employ the services of pure play firms is imminent and inevitable, due to the distinct advantage in technological sophistication these pure play firms have.
All this bodes extremely well for stocks in the cyber security industry, believes Ives.
“Cyber security is a big area in technology,” he said, “the threats are not going to abate.”
Sounds bullish to me for a company like Vasco-MGM2020.
Great find mgm..the 2-factor Euro adoption reminds me of cell phone technology and how the Euro zone was way in front of US with 1 std approach vs the various competing US technologies (CDMA, et al vs GSM).
I think this article helped pop Vasco this am..up 3.2%.
Someone bought at mkt up to 7.43, a 28K block that started at 7.29 and finished at 7.43. Last 2 days was the opposite so this is bullish.
I think the Trusteer agreement has more to do with the increase today. It shows that Vasco is aggressively pursuing new clients and updating ways to integrate the technology. Security companies do not put out press releases too often due to the nature of the industry and many clients wishing to remain anonymous, so a release like this one is very important. Too many current customers and new ones still to be announced for the stock to remain this low for much longer.