First time post with a long term hold for KYK. No doubt some of you will have read the following very supportive article:
“Cyber Attack puts Finance Industry on Edge” (Article in AFR – 27th November).
A brief summary: APRA has, this week stated that banks, etc need to be far more proactive, to ensure that processes are strong enough to slow cyber-crime related to finance. Warning of enforcement action against those who don't take threats seriously was also referenced due to the Financial Industry not doing enough The article also stated that Hackers cleverly exploit the trust of personal. I see this as an urgent need to ‘Know your Customer’
For me, opportunities are a plenty, growth will follow. All IMO.
KYK Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
