|New Threads Only:|
|New Threads & Replies:|
Forum List » Value Ideas and Strategies|
Share and discuss value investing ideas and investing strategies.
The Day All My Personal Information Was Leaked On The Internet
Posted by: Intelligent Speculator (IP Logged)
Date: September 11, 2012 09:09AM
A few months ago, I woke up and visited one of the “tech news” websites that I visit every day and saw a headline that got my attention. The fact that Stratfor, a geo-poloticial news and analysis website that I had been using had been hacked. I was intrigued and clicked to read more about it. That is when I was shocked. It read that the website had been hacked and much of the data that had been stolen. What really caught my eye though was that personal data had been compromised as well. Not only that, the hackers went ahead and published the data on the web. Surely, I would not be part of that right? Yes, I was a paid subscriber, but come on. Right??? So I actually looked for the file that they published (easily found), downloaded it and did a quick search for my name.
And there it was.. My name, address, phone number, credit card number (with the expiry and 3 digit security code). Everything was there!!! Even my password (which thankfully I was not using on other websites). Wow. I had a moment of panic. I did not have ID theft insurance or any other type of protection for that matter. And so did thousands of others that had been compromised. Thankfully, I had moved since then so that information was no longer valid.
This Was Not Just “Bad Luck”Some might say that it was just bad luck. I beg to differ. Stratfor was hacked. But so was Amazon’s Zappos (although credit card data was not compromised) and even Microsoft India. Many others as well. Can you imagine id a website like Amazon was hacked? Who doesn’t have tons of information stored in Amazon’s servers? The issue is that with our emails, data, banking and so many other types of data gradually being moved online, getting robbed is increasingly difficult to protect against.
A New “Vulnerable” WorldProtecting a business or a person used to be about having a good lock, living in a good and safe neighberhood and ideally having a home security alarm system. That is no longer enough. Some time ago I wrote about the impact that cyber-war would end up having and how so many great opportunities exist in that sector. I think great opportunities exist and while it’s not clear what the best investment might turn out to be
There are many stories about how a computer virus was potentially able to blow up in Iranian nuclear plant, you can read the fascinating story about it here . 60 minutes also discussed the issue with some US officials now worried that such a virus will now be copied to be used against Western infrastructures….
Symantec (SYMC)With McAfee (MFE) being purchased by Intel Corp (INTC) last year, I would say that Symantec (SYMC) is the only big cap play on the sector. That being said, I will continue to keep my eyes open for decent opportunities. This will be a major growth sector. You only need one big company that has a major breach or security isssue to force all others to invest. Also, even a company that targets individuals could do very well as more and more people will be made aware of the risks.
What are your thoughts on the market, on Symantec and on any other names you know in the sector?
Re The Day All My Personal Information Was Leaked On The Internet
Posted by: tonyg34 (IP Logged)
Date: September 11, 2012 03:40PM
Check Point (CHKP)
some times you have to pay up for a company with 50% operating margins
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.