Ukraine’s cyber attack draws attention to China’s vigorous investment in the cyber security market

At present, the global network security situation is becoming increasingly severe. Ukrainian cybersecurity Center said that the website of the Ministry of defense, private banks and state-owned bank oshadbank were all attacked by DDoS (distributed denial of service attack). The government said the attack posed no threat to depositors’ funds and focused on online banking applications. The Ukrainian Ministry of defense posted on Facebook and twitter that it was currently being repaired.

China’s network security has already risen to the height of national strategy. In 2016, cyber security was defined as the “fifth territory” of China’s national sovereignty; In 2021, China successively issued many laws and regulations, such as the network security law, the data security law, the personal information protection law, and the regulations on the protection of key information infrastructure, to protect the development of the industry and create a good environment. According to IDC, the investment scale of China’s network security market will reach US $9.78 billion in 2021 and is expected to increase to US $18.79 billion (RMB 119.1 billion) in 2025, with a five-year CAGR of about 17.9%.

According to the theme database of financial Associated Press, among the relevant listed companies:

Zhiyou network security, a subsidiary of Shenzhen Guohua Network Security Technology Co.Ltd(000004) is a professional comprehensive service provider of mobile application security, focusing on mobile application security, and providing integrated and comprehensive solutions for mobile applications in the whole life cycle stages of security development and testing, application optimization, application security release and application online operation.

Sinosun Technology Co.Ltd(300333) is a national high-tech enterprise focusing on the R & D and sales of bank to company mobile payment security products, Bill anti-counterfeiting and paper anti-counterfeiting technology in the field of financial technology. Its main customers are major banks in the country.

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