As hacking incidents have occurred daily at securities firms, asset management companies, and virtual asset exchanges, investor sentiment toward security stocks has been stimulated. With a security company listed on the U.S. NASDAQ plunging despite reporting strong earnings, attention is turning to the direction of domestic related stocks' share prices.
As of 11:03 a.m. on the 30th, SGA Solutions was trading at 2,575 won, up 594 won (29.98%) from the previous day, hitting the upper price limit. SGA Solutions is a software company.
RaonSecure, classified in the same industry, was surging 14.35% at this time compared to the previous day, while Inswave was up 14.06%. In addition, Genians (9.80%) and AhnLab (8.69%) were also strong.
ETFs (Exchange-Traded Funds) that include security-themed stocks in their portfolios are also showing good momentum. 'TIGER Global AI Cybersecurity' was trading at 20,445 won, up 485 won (2.43%) from the previous day at this time. This ETF fell to 10,545 won in April but has since trended upward amid fluctuations. The current share price is about twice the level at that time.
The attention on security stocks as an investment destination is interpreted as being due to recent consecutive hacking incidents. Hacking damage is spreading from the banking sector to the financial investment industry and virtual asset exchanges. Recently, personal and credit information of 38,490 customers was leaked from Daishin Securities. Business-related information was also leaked from Mirae Asset Asset Management. Bithumb also suffered a leak of personal information for 6,444 customers due to a hack of its internal mobile groupware system. Among these, the information of 844 individuals was exposed in an unencrypted state.
In response to the consecutive incidents, the Presidential Office and the Ministry of Science and ICT, among others, held an emergency meeting on the 28th to discuss the scale of the damage and measures to prevent further spread. The Ministry of Science and ICT will conduct emergency inspections of approximately 170 major private information and communication infrastructure facilities, including the three major telecom carriers, by the end of the year. Police have begun preliminary investigations into hacking incidents at securities firms and virtual asset exchanges. The Financial Supervisory Service is also conducting on-site inspections.
However, some argue for caution, stating that short-term stock price trends should not be confirmed based solely on this situation. Share prices of U.S. security software companies that reported strong earnings the previous day were mixed. On the NASDAQ market overnight, Fortinet plunged 20.09%, while Zenedigital, a consumer security software company, surged 15.81%.
Kwon Myung-jun, a researcher at Yuanta Securities, said, "The hacking crisis is spreading from the banking sector to financial companies as a whole." He added, "Under measures to strengthen accountability for cybersecurity in the public sector, the scope of the cyber security status evaluation led by the National Intelligence Service will be expanded annually, and an amendment to the Enforcement Decree of the Information Protection Industry Act expanding the mandatory information protection disclosure targets to all listed companies has been passed. Therefore, next year will be a year when the businesses of cybersecurity companies grow evenly."
Han Yong-hee, a researcher at Growth Research, said, "As required functions continue to increase, customer payment costs will rise over time." He added, "Information security investment is expected to increase, with SK Telecom planning 700 billion won and KT planning 1 trillion won over five years to respond to new security threats."
in STOCK
