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SEN, SENETAS CORPORATION LIMITED
blacksheep
post Posted: Dec 7 2018, 01:37 PM
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In Reply To: blacksheep's post @ Dec 7 2018, 12:37 PM

Coalition's deal with Labor on cracking encrypted messages – what it means for you
Australia is about to give law enforcement the ability to demand decrypted versions of messages

QUOTE
The Communications Alliance argued it could harm Australians $3.2bn information technology export sector, because Australian products could no longer be trusted not to have back doors, and warned law enforcement agencies could use new powers to extend the reach of metadata retention laws


https://www.theguardian.com/australia-news/...t-means-for-you






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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 7 2018, 12:37 PM
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In Reply To: blacksheep's post @ Dec 4 2018, 06:40 PM

QUOTE
The government funded not-for-profit tasked with growing the Australian cyber security sector – AustCyber – says it will work with businesses of all sizes to ensure the encryption bill is implemented “in a way that minimises the economic impact” upon them.


QUOTE
AustCyber expects to this week release the results of a major survey of Australian cyber security firms, carried out with the Australian Strategic Policy Institute. The survey was issued to firms early last month canvassing their views on the bill and its economic impacts.

“We certainly heard there were concerns, and we wanted to better understand what they were. We didn’t feel like we had the views of our stakeholders in an evidence based way that we could actually use to inform what we did next,” AustCyber strategy chief Belinda Newham told CIO.

The organisation initially hoped the survey results would inform debate on the bill. Each stage of the bills consultation and introduction has been expedited; the government in September introducing the bill into the House of Representatives just 10 days after closing a public consultation on an exposure draft.

https://www.cio.com.au/article/650460/austc...ncryption-bill/

"The organisation initially hoped the survey results would inform debate on the bill" Would have been a good idea you would think.

QUOTE
AustCyber – formed in 2017 as part of the federal government’s Industry Growth Centres Institute – said it had requested it be briefed as soon as possible by “relevant officers from the Department of Home Affairs” on the bill’s “details”.

“We understand that some of our stakeholders are concerned about the impact of this proposed legislation. AustCyber remains focused on ensuring that Australia’s cyber security sector will continue to grow and deliver economic and security benefits to the whole economy,” AustCyber said in a statement today.


Sounds like another useful government body - https://www.austcyber.com/resources/sector-...s-plan/foreword

SP down another 2.17% @ 0.09c



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 4 2018, 06:40 PM
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In Reply To: nipper's post @ Nov 30 2018, 05:19 PM


Federal Coalition, Labor strike deal allowing authorities greater access to encrypted messages
By political reporter Henry Belot
Updated about 2 hours ago

New powers to allow police and intelligence agencies to intercept encrypted messages are expected to pass Federal Parliament this week.

The Coalition and Labor have been locked in negotiations over the legislation for weeks, but it appears an in-principle agreement has been reached that addresses Opposition concerns.

Federal Labor was worried the legislation was too broad and wanted to constrict the powers to federal law enforcement agencies, rather than state police.

The Federal Government has warned that 95 per cent of people watched by Australia's domestic spy agencies are using encrypted messaging apps.

Shadow Attorney-General Mark Dreyfus said the Coalition had made a number of concessions to improve oversight and accountability.

"It appears the Government will agree to proposals by Labor that will ensure there is better oversight and limitation of the powers in this bill, and better safeguards against potential unintended consequences," Mr Dreyfus said in a statement.

"Let me be clear — this bill is far from perfect and there are likely to be significant outstanding issues.

"But this compromise will deliver security and enforcement agencies the powers they say they need over the Christmas period, and ensure adequate oversight and safeguards to prevent unintended consequences while ongoing work continues — just as Labor proposed."

More to come.[/quote]
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 30 2018, 05:19 PM
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A rock n a hard place
QUOTE
Under its proposed powers, the Assistance and Access Bill could require a company to create a new mechanism for law enforcement to access encrypted communications — for example, text messages from a terrorist suspect — while also demanding it keep the capability a secret.

Francis Galbally, chairman of the leading encryption provider Senetas, said this situation would breed serious mistrust of businesses like its own.

"The bill, should it become law, will profoundly undermine the reputations of Australian software developers and hardware manufacturers in international markets," he told the Parliamentary Joint Committee on Intelligence and Security (PJCIS) today.

Mr Galbally suggested the bill would create an impression that Senetas may have been obliged to make a secret modification to its products to help a government agency, which might also compromise the security of its systems more broadly.

And that is not the kind of reputation that Australian tech companies want, among their international competitors and customers.

A joint submission from the Communications Alliance, the Australian Industry Group and others echoed these concerns, stating that "the draft bill poses a real risk for the IT/communications export industry which Austrade values at $3.2 billion".

Reputation is important — just ask Huawei
Mr Galbally pointed out Australia has been "reluctant" to deal with some foreign tech companies because of the potential security risks posed by those countries' national security laws.

This year, for example, fears of this kind led the government to bar Chinese manufacturer Huawei from participating in the building of the 5G telecommunication network.

While Senetas supports the aims of the bill — to get at criminals who "go dark" online — Mr Galbally argued the Australian industry would suffer a similar impact overseas.

"I can tell you quite bluntly that this is not simply a risk; it will be a direct consequence of the bill becoming law," he said.

Prime Minister Scott Morrison, meanwhile, has urged the bipartisan committee to wrap up its hearings and report back to Parliament, so the legislation can be passed quickly before Christmas.

But Mr Galbally said many Australian corporations, including his own, had not previously been consulted on the language of the bill by the Home Affairs Department.

In a previous hearing, the Home Affairs Department said it had undertaken extensive consultations, including with Apple, Google and Microsoft.

The Government maintains that the bill cannot be used to demand the creation of "systemic" vulnerabilities, such as undermining encryption across all devices.

But the Senetas boss also raised concerns, echoed in a subsequent hearing by Lizzie O'Shea of Digital Rights Watch, that the term "systemic weakness" is not defined in the legislation.

The bill proposes three key powers:
- A technical assistance request: A company can choose to "voluntarily" help, such as give details about the development of a new online service
- A technical assistance notice: A company is required to give assistance if they can. For example, if they have the ability to decrypt a specific communication, they must or face fines
- A technical capability notice: The company must build a new function so it can assist police, as long as it does not force encryption to be broken

Mr Galbally said the telecommunications sector was a complex arrangement of companies and technologies, meaning that a change in just one piece of it, like introducing a vulnerability, could have unforeseen "systemic" consequences.

Issues were also raised about the perceived lack of safeguards in the bill. For example, Ms O'Shea described the lack of judicial oversight as a "startling omission".

Mr Galbally said the bill was the equivalent of dropping an atom bomb to stop insurgents in Syria.

"I come here as an ordinary Australian citizen concerned that the Australian government is proposing legislation that hasn't been thought through, hasn't been tested with the proper people in this industry," he said.
https://www.abc.net.au/news/science/2018-11...tation/10570316



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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
 
blacksheep
post Posted: Nov 14 2018, 06:59 PM
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Senetas to acquire majority interest in Votiro
QUOTE
Senetas Corporation Ltd (ASX: SEN) (Senetas) is pleased to announce a US$8M investment
into leading international provider of content disarm and reconstruction (CDR)
technology, Votiro Cybersec Global Limited (Votiro).

The investment, by way of 3 tranches of convertible notes, will provide Senetas with a
majority shareholding on conversion of the full investment. An initial investment of US$4m
will occur today with the balance expected to be funded by 30 June 2019 from Senetas’s
existing cash reserves. See Appendix A for key terms of the notes.

Votiro was established in 2010 by Israeli cybersecurity experts Aviv Grafi and Itay Glick,
who developed the File Disarmer; a patented solution that automatically scans and
sanitizes each and every file sent or shared with the organization, and reconstructs a fully
functional, threat free file in less than a second. Votiro has circa 400 customers and +1.5
million users, largely in the Asia Pacific region, across financial services, critical
infrastructure and government. CDR is increasingly recognised as a must-have
cybersecurity protection, and Votiro’s offering has been recognised by Gartner and has
numerous government certifications.

Commenting on the investment, Senetas CEO, Andrew Wilson, said: “Senetas has been
looking for compelling investment opportunities that support our vision to provide leading
security protection without compromising system performance or user experience. Votiro
does just that. Votiro’s patented CDR technology expands Senetas’s security product
suite, and provides access to a rapidly emerging market for protection from zero-day
exploits.”

Mr. Wilson said: “With proven technology, limited competition and a strong patent
portfolio, we are excited about Votiro’s growth prospects as well as its synergies with our
go-to-market strategy for SureDrop and our virtualised software based encryption
solutions (Encryption as a Service).

The investment will fund Votiro’s ongoing investment in sales and marketing as the
business scales. Senetas anticipates that Votiro will become cash flow positive in
CY2020.

https://www.asx.com.au/asxpdf/20181114/pdf/...95mmw486j1q.pdf
https://www.asx.com.au/asxpdf/20181114/pdf/...95pq06y30fl.pdf

Back in July last year AFR reported - Israeli cyber firm Votiro raises $11.2 million from Aussie investors
extract
QUOTE
Israeli cyber security company Votiro Cybersec has closed a $11.2 million capital raise from Australian investors, ahead of an imminent expansion down under and an IPO on the Australian Securities Exchange.

The company's pre-IPO round, which it said was oversubscribed, saw cornerstone investor Daniel Sekers' Divergent Group return, in addition to Redfield Asset Management and a range of undisclosed high-net-worth backers and small funds.

https://www.afr.com/technology/israeli-cybe...20170712-gx9u4r



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 2 2018, 10:46 AM
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In Reply To: blacksheep's post @ May 28 2018, 07:12 PM

SP received a much needed, albeit slight, boost following the announcement the company declared its first dividend since the restructure in 2012.

QUOTE
The Company shall pay a final unfranked dividend for FY2018 of $0.000462 per share (a
cash distribution of approximately $0.5 million) and a special unfranked dividend of
$0.003237 per share (a cash distribution of approximately $3.5 million), representing total
dividend payments by the Company of $0.003699 per share representing a total cash
distribution to shareholders of approximately $4 million. The dividends will be paid to
shareholders registered on 14 December 2018 and will be paid on 4 January 2019.

In commenting on the announcement CEO Andrew Wilson said: “the Board has
consistently advised its shareholders and the broader market that it would keep under
review its capital management policy having regard to the Company’s financial position,
technology investment requirements, its go to market strategy, product development
and market outlook for its product offerings. Taking these matters into consideration the
Board has decided it is appropriate to pay a dividend this year”.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: May 28 2018, 07:12 PM
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In Reply To: blacksheep's post @ May 24 2018, 11:32 PM

SEN got a mention in The Bull today, along with fellow cyber security stocks - PRO, CVT, PSZ, TNT, WHK, FZO
Opportunities in Cyber Security Stocks
http://www.thebull.com.au/premium/a/74644-...ity-stocks.html

QUOTE
Senetas Corporation Limited (SEN) has been around since the mid 1990’s offering large institutions encryption solutions to safeguard data passing through networks. The company’s products are in use in a myriad of sectors, from business enterprises to government and defence systems to healthcare networks to financial and utility networks and even to large scale gaming companies.

In 2016 Senetas announced the company had received NATO Certification for use of two of its encryption products by NATO member countries. The company has a two-year earnings growth forecast of +34.7%, with 5-year average earnings growth of 24.6% and an impressive 33.5% growth over ten years. Over five years the share price is up close to 750%.

After experiencing slowdowns in both revenue and profit for FY 2017, the company’s Half Year 2018 Financial Results were dramatically improved, with record level revenues increasing 10.3% and net profit after tax (NPAT) up 90%.

https://www.shortman.com.au/stock?q=SEN
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 24 2018, 11:32 PM
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In Reply To: blacksheep's post @ Feb 26 2018, 12:25 PM

SP still heading south ATM - currently $1.00, but still watching

Noticed this recent announcement - ADVA secures the cloud with industry's first virtualized encryption solution - note "It's powered by Senetas"
QUOTE
Munich, Germany. May 15, 2018. ADVA today achieved a major milestone for network security with the launch of its ConnectGuard™ Cloud technology. The new solution is the first in the industry to deliver virtualized encryption in hybrid and multi-cloud environments. The software is a breakthrough for service providers and enterprises that want to move away from IPSec-focused appliance-based solutions that are costly and inflexible. Based on the award-winning Ensemble Connector, ConnectGuard™ Cloud's military-grade encryption can be deployed on any COTS server or in a public cloud infrastructure. What's more, with Ensemble Connector's zero touch provisioning capabilities, customers can roll out secure cloud connectivity to thousands of endpoints within minutes.

"The security of our customers' data is something we've focused on for over two decades. Our team is intent on making sure that their data is safe wherever it is in the network," said Christoph Glingener, CTO, COO, ADVA. "That's why today marks a breakthrough. We've expanded our ConnectGuard™ security platform from protecting optical transport and Ethernet traffic to now safeguarding the cloud. With our ConnectGuard™ suite, we're securing data across Layers 1, 2, 3 and 4. This is something that no one else in the industry can offer. More than this, when customers use ConnectGuard™ Cloud, they benefit from all the unique capabilities of Ensemble Connector. With this solution, we can help customers safely migrate their applications to the cloud and we can even support a multi-cloud deployment model. This is a major step forward."

As more and more enterprises move their applications to both private and public clouds, it's imperative that the data be rigorously protected. ConnectGuard™ Cloud has been engineered specifically for this task. It's powered by Senetas' transport-independent encryption engine that supports dynamic software encryption at multiple layers, enabling customers to apply encryption based on the needs of the application and the type of networking available at remote sites. This offers customers a far more efficient and flexible security solution with much lower latency than existing products. ConnectGuard™ Cloud's encryption is standards compliant and supports end-to-end encryption and tunneling. It's currently in multiple trials with enterprises and service providers across the globe.

"Ensemble Connector is all about empowerment and choice. It's about providing our customers with a flexible platform that enables them to unshackle themselves from legacy solutions. With the addition of ConnectGuard™ Cloud, Ensemble Connector now enables our customers to protect their data in the cloud," commented Prayson Pate, CTO, Ensemble Division, ADVA. "It doesn't matter whether we're talking about hybrid or multi-cloud environments, what we're offering is a cloud-native encryption solution, and there's no one else in the industry who can deliver this. When you combine this level of security with Ensemble Connector's zero touch provisioning capabilities, you're talking about something game-changing."

Watch this video for further information on ConnectGuard™ Cloud: https://youtu.be/XVFvizRpVNE.

Additional details can also be found in these slides: http://adva.li/cg-cloud-slides.

An overview of the full ConnectGuard™ suite can be downloaded here: http://adva.li/cg-brochure.


https://www.senetas.com/partners/adva-optical/

The following is an interesting article/video on China and their CCTV cameras/facial recognition network, which is huge. - http://www.bbc.com/news/world-asia-china-42973456
extract
QUOTE
China is a world leader in facial recognition technology and regularly reminds its citizens that such equipment will make it almost impossible to evade the authorities.

The country has been building what it calls "the world's biggest camera surveillance network".

An estimated 170 million CCTV cameras are already in place and some 400 million new ones are expected be installed in the next three years.

Many of the cameras use artificial intelligence, including facial recognition technology.


SEN offers ->

QUOTE
Whether your CCTV network application is law enforcement, public security or asset and facility monitoring, its data integrity is paramount.

Government and private CCTV networks require secure data streaming and data integrity. Senetas network encryption assures that protection without compromising network speed or performance, which becomes increasing important as CCTV definition increases.

Around the world, the use of CCTV has grown rapidly as new technology enhancements have arrived. So too has the volume of data generated by CCTV applications. Likewise, the data network performance needs are similarly increasing.

Because the use of CCTV is dominated by “security” applications, the enormous data volumes generated are typically sensitive. That sensitive data must be protected from tampering, theft and eavesdropping.

Because encryption focuses on protecting the data, it is the optimal last line of defence for protection of CCTV generated data.

Senetas high-speed network data encryption provides that protection and does so without compromising network performance due to the specific features unique to Senetas encryptors. These features begin with proven, certified near-zero latency.

High volumes of sensitive CCTV data streaming from multiple locations benefit greatly from Senetas Layer 2 data encryption. Maximum network performance; “set and forget” implementation and management; 99.999% up-time and dependability; flexible integration and typically more efficient network costs due to superior performance.

https://www.senetas.com/applications/cctv/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 26 2018, 12:25 PM
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In Reply To: blacksheep's post @ Feb 23 2018, 05:55 PM

Solid results, but SP down 7.14% currently @ 13c
QUOTE
HY18 HIGHLIGHTS:
Operating revenue up 10.3% to $10.30 million (HY17: $9.34 million) as major customers
recommenced ordering following disruptions during their infrastructure upgrades.
Revenue growth was led by a 29% increase in product sales revenue, partially offset by
lower maintenance revenue.

• Net profit before tax $2.39 million, at the high end of the guidance range
announced in January 2018, and up 89% on the prior period (HY17: $1.27 million)

• Gross profit margin increased to 80% (HY17: 73%)

• Net profit after tax of $1.64 million, up 90% on the prior period (HY17: $0.86 million)

• Strong balance sheet with $20.6m cash provides flexibility for strategic investments
and new product initiatives

• Successful ongoing development of the CV Series virtualised encryption product
meeting technical requirements for large-scale Ethernet networks, and 100%
interoperability with the CN Series hardware encryptors.

• Eastern European certification of the custom algorithm hardware solution is
progressing.

https://www.shortman.com.au/stock?q=sen
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 23 2018, 05:55 PM
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In Reply To: blacksheep's post @ Feb 19 2018, 02:41 PM

Some good volume today - closed @ 14c, up 7.69%. Will be interesting to see what Monday's results look like
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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