WhiteHawk identifies key business security trends
WhiteHawk Limited (ASX:WHK) has indicated that it continues to discover crucial analytics when executing a 360 Cyber Risk Framework contract for small-to-medium business (SME).
The implementation of the company’s Cyber 360 Risk Framework spans across six different industries: business services, finance, insurance, retail, technology and transportation.
Data collected by WHK shows that the majority of SMEs have concerning cyber security gaps that put the entity at risk. Continued monitoring of the company’s cyber risks is a critical component to the organisation’s resilience to fraud and cyber-attacks.
Interestingly, 60% of the companies who received a cyber risk rating from WHK required risk mitigation.
Due to the initial roll out of the Cyber 360 Risk Framework, WHK has identified email as the top vulnerability in SMEs, which are prone to poor cyber hygiene.
As part of the ongoing Cyber 360 Risk Framework, the company will provide each company with a unique Cyber Risk Profile that maps out current risks and provides recommended actions and products to address key weaknesses.
WHK Executive Chair Terry Roberts spoke on the update, “Demonstrating real time cyber risk monitoring and mitigation across hundreds of supply chain companies or vendors is powerful and measurable.
“It puts affordable and transparent cyber security risk ratings and continuous improvement in the hands of company executives, boards and shareholders,” she said.
Of course, as with all emerging WHK remains a speculative stock and investors should consider their own personal circumstances before investing, and seek professional financial advice.
The company expects the Framework to grow and is eyeing continued expansion that could cover hundreds of supply chain companies for a single contract engagement.