Shearwater Share Price (SWG)

Dunno why you published this info here. SWG is utterly incapable of making a contribution to anything except destroying shareholder funds.

Russian groups dominate the ransomware “industry” and are believed to be given freedom by the Putin regime to create disruption.

In September the UK and its allies exposed a unit of Russia’s military intelligence service for a campaign of malicious cyberactivity.

Launching the review, Horne says everyone has a role to play, including “a parent unboxing and setting up your child’s tablet”.

The NCSC also says the software industry is “prioritising profit over security” by shipping products too fast instead of designing them to “improve security and resilience”. The current market means that “security remains an afterthought and consumers and wider civil society bear the brunt”.

Artificial intelligence has given cybercriminals “the increased appetite and ability to rapidly

scan for and exploit software flaws”, the NCSC says. The GCHQ unit is working with its US counterpart to try to change market incentives so that cybersafety is prioritised.

Britain now worse at dealing with cyberattackers, GCHQ says

Security centre boss warns that the UK’s resilience to hackers must improve as a matter of urgency.

Britain is complacent about cyberattacks and underestimates the threat from hackers, GCHQ’s cybersecurity chief has warned.

National defences have failed to keep up with the scale of the attacks, according to Richard Horne, chief executive of the National Cyber Security Centre (NCSC).

Despite the increase in hostile activity by Russia and China “we believe the severity of the risk facing the UK is being widely underestimated”, Horne will say in a speech on Tuesday.

He believes that organisations have failed to implement guidance from the NCSC to protect their networks.

“What has struck me more forcefully than anything else since taking the helm at the NCSC is the clearly widening gap between the exposure and threat we face, and the defences that are in place to protect us,” Horne will warn at NCSC

The NCSC says in a review that “the gap between the threat and the cyber-resilience of the UK needs to close as a matter of urgency”.

Horne says: “There is no room for complacency about the severity of state-led threats or the volume of the threat posed by cybercriminals. The defence and resilience of critical infrastructure, supply chains, the public sector and our wider economy must improve.”

Two hospitals in Liverpool have suffered cyberattacks. Services at the Wirral hospital trust have been disrupted, echoing the paralysis suffered by London hospitals this year after a cyberattack on the pathology service Synnovis.

Last week suspected Russian hackers also threatened to publish sensitive patient data from Alder Hey children’s hospital.

In November grocers were affected after the supermarket supply chain company Blue Yonder was hacked, and panic alarms and trackers on Serco prison vans were disabled by an attack on Microlise, a software company.

“Cyberattacks are increasingly important to Russian actors, along with sabotage threats to physical security,” Horne adds, while “China remains a highly sophisticated actor, with increasing ambition to project its influence beyond its borders.”

The UK has blamed Beijing-linked groups for targeting MPs’ emails and the Electoral Commission database.

The NCSC warnings echo those from Peter Kyle, the science and technology secretary, who has said he was so alarmed by the situation in his first days in office that he prioritised new laws to plug gaps.

The NCSC will publish its annual review on Tuesday. The centre had to deal with 430 incidents last year, up from 371 in 2023. Of these, 89 were nationally significant, 12 of which were at the top end of the scale, up threefold on last year.

NCSC officials said most of the incidents were ransomware attacks, where hackers cripple an IT system and demand payment to unlock it.

Russian groups dominate the ransomware “industry” and are believ

A superb, realistic and truthful analysis of the position and prospects for SWG !!

Healthy cash balance only really due to beginning period with more cash (i.e. from prior period).

You could say comparatively in H1 2024 they burnt 1.8M cash, and this H1 2025 they have burnt 2M cash, but just happen to have more than at the end of H1 2024. If the business is loss making, and the cash balance is only 2x the losses of H1 (LBT), I would not describe that as healthy.

Skipped through the Q&A, wasn't asked any tough questions. Did find it amusing that the connection dropped. Perhaps the routers knackered! It turns out its not even their office.

He dodged making any forward financial projections.

IMO - this is going no where. They did a placing in 2020 to accelerate growth, which we never heard any more about. The placing was for £2.5 million at 240 pence per share. Wowzers, can the new CFO beat that one? But suffice to say this company has in net cash virtually the same amount that they raised 4 years ago, only share holder returns over the same period have been -84%.