BetaShares Global Cybersecurity ETF

ASX:HACK

BetaShares Global Cybersecurity ETF

ASX:HACK
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$15.77 (-1.4%)
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#87
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7
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Forum Topics HACK HACK HACK Chart Update

Pinned straw:
jcmleng
Added a month ago

Discl: Held IRL 4.07%

Just had a quick look at the HACK chart.

  • After the huge drop from the All-Time-High of $15.86 down to $11.29, the price recovery has almost been vertical, with nice gapping up throughout the way up
  • It also smashed through the 200SMA line and the $14.28 to $14.5 resistance area

My last 2 top ups was at $12.50 and $12.54 as I was focused on the $12.37 support line and so, I missed out on the downward moves which stopped at $11.29. If only I had ....!

Fundamentally though, this upward price movement makes complete sense. In an AI-centric world:

(1) cybersecurity risks are massively heightened - the speed of how vulnerabilities can spread MUST be met by at least the same use of AI on the defence-end by cybersecurity companies, hardware and software

(2) whether it is a SAAS model or not is completely irrelevant - cybersecurity is a non-negotiable in any enterprise. It would be a complete dumb arse company who chooses to stinge on cybersecurity capability, more so as more AI is internally deployed.

(3) the release of recent cyber-security AI capabilities, think it was Claude/Anthropic, has not dented the HACK price at all. This makes sense. The detection of more vulnerabilities, the more the need to clean/fix/protect - this is a positive, not negative loop for cybersecurity companies.

Hopefully, the HACK price movement has signaled, and/or confirmed, that good sense has returned in the cybersecurity space following the mind-boggling negative fallout from SAASpocalypse.

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Chagsy
Added a month ago

Beat me to it @jcmleng ! I was looking it this last night and going to write something pretty much identical!

Sadly, I didn’t take the opportunity to top up like you did at recent lows as I really wasn’t clear about my thinking on this at the time.

As you mentioned, the recent reports of how effective the new models are at finding weaknesses is alarming. Interestingly, two of the chosen companies to receive advance access were cybersecurity companies.

The obvious implication is that corporations are going to need the assistance of cybersecurity companies even more in the future. It is highly likely they will be prepared to pay more, not less, for their services in a world where the hackers are getting better, more numerous and more active.

So a tailwind and not an existential threat.

read more in the link below

You’ve been given free access to this story from The Economist as a gift. You can open the link five times within seven days. After that it will expire.


The war between businesses and hackers enters a perilous new phase

https://economist.com/business/2026/05/13/the-war-between-businesses-and-hackers-enters-a-perilous-new-phase?giftId=MzNiNmIyZDMtOTYyZi00MTEwLTg5ODYtMWZkY2I4ZjRkODZk&utm_campaign=gifted_article

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jcmleng
Added a month ago

@Chagsy, that is a great article, thanks for sharing! The following 5 statements resonated with me. 3-4 years ago, the cybersecurity position was akin to World War 1 - the attackers would charge on certain fronts, the defenders will defend those fronts. Even this was bloody hard work as you only had to stuff up once for a vulnerability to get through and all hell would break loose from a response perspective, technical and business.

Fast forward to this AI world, the attack must now feel nuclear-like - one kaboom and the radioactive material spreads widely everywhere. Companies have to defend, update and fix on an "everywhere" basis, 24/7, continuously. It makes zero sense to have LESS cybersecurity capabilities in this situation ...

1. With AI, lone wolves can carry out attacks that used to require whole teams, and they have to be right just once to succeed. Defenders, by contrast, have to be right every time.

2. PAN found that, equipped with AI, the fastest quartile of attackers were able to steal data from a software system they had broken into in just over an hour last year, down from almost five in 2024. A typical firm may take days to detect a breach.

3. Hackers can use agentic tools to be even more menacing. And the more firms adopt agents for coding, customer service and so on, the bigger the area for hackers to attack. 

4. Already companies are overstretched as they try to patch the bugs that AI tools are helping to reveal ... “The assumption is that AI will find vulnerabilities faster than patches can be written,”

5. The good news is that though AI is arming attackers, it is also aiding the defenders. But it is not just the enhanced capabilities of the cutting-edge models that are assisting defenders. Cyber-security firms are also developing their own tools, which they call harnesses, to make all models more effective

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