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WHK, WHITEHAWK LIMITED
nipper
post Posted: Sep 1 2020, 08:50 AM
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Revenue continued to improve simultaneously due to growing product lines and expanded sales channels, particularly large governmental agencies.

Operating expenses remain relatively the same as last year with continued focus on allocating resources to marketing of sales channels and the continued development of the WhiteHawk online exchange.

- very much focused on the US
QUOTE
[WHK operates the] first online Cybersecurity Exchange based on a platform architecture that is Artificial Intelligence driven, with a focus on identifying, prioritizing, and mitigating cyber risks for businesses of all sizes. WhiteHawk continually vets and assesses risk focused technologies, methodologies, and solutions that are impactful, affordable, and scalable to stay up to date on current cyber threat vectors to businesses, organizations, family offices, and individuals. The Corporation has an online approach to determining key cyber risks through a Cyber Threat Readiness Questionnaire, and as appropriate, a cyber risk assessment. Using this information, Companies and Organizations are then matched to tailored risk mitigation solution options, based on current threat trends across key sectors. Cyber Consultants on staff help build a tailored cyber maturity plan customized to meet business or mission objectives.

As part of the Corporations portfolio of cyber risk online platform and services, WhiteHawk has architected and implemented Cyber Risk Radars and Cyber Risk Programs at U.S. Federal Departments and Fortune 500 Enterprises. Cyber Risk Radars address supply chain risks via Software as a Service (SaaS) platforms. Cyber Risk Programs allow a comprehensive outside-in approach to assess an Enterprise's ongoing cyber risks. WhiteHawk leverages global open data sets integrated with deep cyber and digital age business risk tradecraft. The Corporation brings risk trends to light, providing automated, customized reporting on individual suppliers, companies, and across an entire enterprise portfolio. First and foremost, WhiteHawk enables companies to identify and mitigate their priority cyber risks on an ongoing basis with demonstrated cost and time savings.


and it ties in with what is said below (does not mean they will not make money):
The trick is the auditors don't actually fix the issues they find: they turn around and sell bog standard cyber insurance wrapping in a shiny fintech coating.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 29 2020, 01:59 PM
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In Reply To: mullokintyre's post @ Jul 29 2020, 12:19 PM

it helps give colour.

Totally agree with the sentiments; thanks for posting.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jul 29 2020, 12:19 PM
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In Reply To: mullokintyre's post @ Jul 29 2020, 11:40 AM

OOPS, I did not edit out the F#@%^ bad language.
My apologies.
Mick



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jul 29 2020, 11:40 AM
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In Reply To: nipper's post @ Jul 28 2020, 01:55 PM

From a former work colleague still in the IT industry.
I asked him if he had heard of Whitehawk.

QUOTE
Nope, although I imagine it will be popular with so much telework going on .

It's a really hot market right now because so many IT departments have been asked to turn their sticky tape local networks into remote work hubs with flawless VPN access over a 100mb cable line that cuts out at 60% humidity and surprise surprise it's fucking hard. I can't see many sysadmins earning $60k to maintain a local network putting their hand up to take on cybersecurity without double the pay, so they get externals in.

Also employees will be sharing everything over the internet instead of locally, so every company is now at risk of GDPR and PCI breach: even if they were compliant, their policy is now completely irrelevant because it all assumes working from the office.

The trick is the auditors don't actually fix the issues they find: they turn around and sell bog standard cyber insurance wrapping in a shiny fintech coating. It's very easy to sell insurance to the C levels when it's a lot cheaper than finding and paying good techs to actually do the work. I reckon companies like whitehawk promising flexible contract auditing can specialise in writing automated audit software just designed to spit out scary reports, and leave someone else higher paid to actually implement. It's basically the airtasker of security, hoovering up all the easy cheap work and leaving real jobs for real professionals

I see a lot of the same in my industry with performance testing: digital marketing firms will pump out automated 100 page audits of all the issues wrong with a site, then when asked to fix them say 'we don't do that, go employ a developer'. They milk it for six months or so while the developers trawl through all the bullshit 'issues' that have a 0.001% effect on traffic while the agency takes low hanging fruit. The poor companies just don't have the technical skills to call bullshit, and are terrified of the cost of employing someone who can, so they rinse and repeat the cycle

Could be another source of insurance crisis in the making, a'la GFC: everyone kind of knows web security is a house of cards, all it would take is one big breach to bankrupt the lot. I've never once seen or heard of a company take full PCI compliance over cyberinsurance, it's all insurance all the way down to avoid upfront costs. They all treat it like it's only for 'real' ecommerce companies, except they don't realise they are one: everyone is now.

Interesting.
Mick



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sent from my Olivetti Typewriter.

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Jul 28 2020, 01:55 PM
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QUOTE
WhiteHawk Limited (WHK) operates an internet based cybersecurity marketplace. The Company offers an online tool that enables small and midsize businesses to take immediate action against low to mid-level cyber-crime, fraud, and disruption.

CyberPath Solution EngineIt is a free to access customer tailored cyber risk profile that identifies existing cybersecurity gaps and matches the customer to product and solution sets of options (basic, balanced and advanced)

Vendor ExchangeIt is a living vendor online e-commerce marketplace of products and services arranged in a nontechnical and clearly understandable framework that allows small and midsize businesses to assess, shop and buy cyber solutions online.

WhiteHawk AdvisoryWhiteHawk Advisory is a cyber smart online analyst who can assist all customers (on the phone) with completing the CyberPath Solution Engine questionnaire, fully leveraging the results to make smart buying decisions, thereby taking constructive action against cybercrime and fraud that is impacting their business sector.

WhiteHawk InsightsIt helps in keeping businesses in the know of what cyber trends are directly impacting their business sector and how to protect themselves from monetary and proprietary data loss and disruption. WhiteHawk US regularly communicates with an informal network of over 3,000 midsize company executives and mid-level managers through this portal, which it considers to be potential clients if not already existing clients


WhiteHawk Limited (ASX:WHK), has been contracted by a US federal government CISO (Chief information Security Officer) to implement WhiteHawk’s Cyber Risk Radar.

News of the contract resulted in a substantial increase in the company’s share price as it soared approximately 50% at time of writing on Tuesday morning — a near 14 month high.

WhiteHawk is the first global online cyber security exchange enabling businesses of all sizes to take smart action against cybercrime.

The annual Software as a Service (SaaS) contract is a milestone contract with a Tier 1 client – a key US federal government department. It will see WhiteHawk generate base revenues of US$580,000 (A$811K) and up to an additional US$600,000 (A$839K), for a total of up to US$1.18 million (A$1.65M) for each year of the contract of $5.9 million in total. This will have a large impact on the company’s top line revenue growth.

WHK will implement its Cyber Risk Radar for the undisclosed US federal government Chief Information Security Officer (CISO).

The Cyber Risk Radar is a SaaS subscription that will monitor, identify, and prioritise both cyber and business risks of vendor companies to this US federal government department.

WhiteHawk will provide Cyber Risk Scorecards quarterly, virtually and remotely, for the department’s 150 to 300 vendors, via an integrated risk management dashboard.

This is the first US federal contract where WhiteHawk is the Prime Contractor.

Of its three other US federal department CIO contracts, WhiteHawk is a cyber solution sub-contractor to Accenture Federal, SAIC and GuideHouse (formerly PWC Federal).

As this is the first US federal contract where WhiteHawk has been nominated as the Prime Contractor, it is an extremely important development.

Terry Roberts, executive chair of WhiteHawk said of the contract, “After a very successful Proof of Value early last year, now we are putting in place our first 5-year Cyber Risk Radar contract with a sophisticated US government CIO, who will work with us to take the capabilities of our platform and virtual services to the next level.”

As Roberts stated, this contract is the result of a Proof of Value that was implemented early in 2019 across 10 vendors for the same US government agency.

Roberts recently told Yahoo Finance that she was a self-confessed “paranoid international risk professional”. More importantly, she is a 35-year veteran of the US national security and cyber intelligence community, including as a former Deputy Director US Naval Intelligence, a Department of Defence Senior Executive, and an Executive at the Carnegie Mellon Software Engineering Institute.

WhiteHawk demonstrated through automation and subject matter expertise, the status and health of suppliers using global publicly available data sources, AI analytics, and custom Cyber Analytics to assess and report on top risk indicators and vectors, areas that may require prioritised attention.

Because the Cyber Risk Radar approach is externally available data and is non-invasive, WhiteHawk does not require access to internal IT assets and configurations in order to deliver its services.

Rapidly evolving technology had already set cybersecurity up to be a major growth sector, but the sudden COVID-19 driven shift to remote work has brought this sector to the fore quicker than anticipated.

Organisations are vulnerable to malicious attempts to exploit this shift — right as their IT teams are stretched to the max and as they become increasingly dependent on the internet and a remote workforce to operate.

Yet organisations are recognising the need for ongoing risk monitoring and mitigation approach to cybersecurity — now more than ever.

Given the company’s market capitalisation of approximately $20 million, there is significant potential upside on offer here as the company continues to sign new partnerships and bring in new revenue streams in this ever changing environment.


Disclaimer: This article is sponsored content from WhiteHawk Limited (WHK)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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