Cyber-attacks surge under the bet, a Japanese technology company’s stock price soars by more than 670%
On June 8th, Beijing time, the stock price of a Japanese technology startup has soared by more than 670% since its listing. The company’s CEO correctly bets that the new crown pneumonia will trigger large-scale cyber attacks and exacerbate corporate prejudice against unlisted companies. The company previously advanced its listing plan during the most volatile period of the market in mid-March. Cyber-attacks surge under the bet, a Japanese technology company’s stock price soars by more than 670%
The skyrocketing share price of the Cyber Security Cloud has brought the market value of the 45-employee company to about $800 million. The company was listed on the Tokyo Stock Exchange (Tokyo Stock Exchange) first market on March 26. In the past few days, the Nikkei 225 index (Nikkei 225) has fallen by 20%.
Retail investors’ interest in stock trading unexpectedly rebounded, boosting the stock market. Since the outbreak, retail investors have opened more than 500,000 online brokerage accounts and pushed the Mothers Growth Enterprise Index close to a 12-month high. Cyber-attacks surge under the bet, a Japanese technology company’s stock price soars by more than 670%
Hikaru Ono, the 30-year-old founder of Cyber Security Cloud, admitted that the company’s initial public offering was unlucky. The company that uses artificial intelligence (AI) to enhance the defense capabilities of its customers’ networks was approved for listing at the end of February this year, and a few days later, Japanese Prime Minister Shinzo Abe will order the closure of all schools in Japan.
Hikaru Ono said that from then on, telecommuting, video conferencing, and other ways of suddenly changing the normal working life will appear throughout the Japanese business community, which has become obvious. He judges that this will rely heavily on data and applications stored in the cloud-Hikaru Ono’s company specializes in this field, but Japanese companies started in this field a few years later than their European and American counterparts.
Hikaru Ono said: “It is obvious from this that if fewer people actually work in the office, the corporate network security will become weaker and weaker.” He added that there are relatively few domestic network security companies in Japan, even in At its best, for many Japanese CEOs, the importance of cyber defense is also dangerously low.
For many markets, including Japan, the few days before CSC plans to go public is the most volatile period since the 2008 global financial crisis. There is a warning that the forced global economic shutdown will plunge the world into an economic depression, which has cast a heavy shadow on the sharp decline in stock prices.
Nonetheless, Hikaru Ono is determined to advance the IPO, not only to raise funds for rapid expansion, but also to worry that no matter how urgently Japanese companies need CSC services, they will be reluctant to hire an unlisted company for such sensitive work.
Facts have proved that Hikaru Ono’s prediction is accurate: since March, cybersecurity experts in Japan and elsewhere have warned that cyberattacks have increased dramatically, often targeting those who suddenly find themselves using company laptops on unsafe home WiFi Computer employee. In May this year, Japanese experts told local media that more than 1,000 fake websites that imitated government agencies, banks and other companies had appeared.
In April this year, the National Cyber Security Centre and the Department of Homeland Security issued a joint consultation report warning that national or state-funded organizations are “actively targeting” participation in the response The national and international organizations of New Coronary Pneumonia include medical institutions, pharmaceutical companies, academia and local governments.
Cyber-attacks surge under the bet, a Japanese technology company’s stock price soars by more than 670%,Cyber-attacks surge under the bet, a Japanese technology company’s stock price soars by more than 670%