With cybersecurity now a major issue, corporations are pouring more and more resources into protecting themselves from hackers and privacy attacks. The only penny stock I can find in the cyber solution market on the ASX is Zyber!
ZYB offers a holistic approach to fighting cybercrime and in recent times has strengthened its position in the industry through significant partnerships and deals.
Most recently ZYB confirmed an option agreement to fully acquire ‘Iota Security’ a Canadian security software developer focused on mobile security solutions.
With security products based on machine learning, Iota Security can rapidly identify new and emerging attacks against mobile devices.
This deal not only gives ZYB new revenue opportunities, but also a foothold in the rapidly expanding Internet of Things security market! set to grow to US$28.6 billion annually by 2020.
ZYB Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
