DGAP-News

Level 7 Global Holdings: Alex Media Technology: Alex Media (C.O.A.ST.) uses recent hacker attacks to point out cyber security and C.O.A.ST. as a solution. The IPO on NASDAQ First North is planned this year.

DGAP-News: Level 7 Global Holdings / Key word(s): Investment/Private Equity Level 7 Global Holdings: Alex Media Technology: Alex Media (C.O.A.ST.) uses recent hacker attacks to point out cyber security and C.O.A.ST. as a solution. The IPO on NASDAQ First North is planned this year. 27.06.2017 / 09:00 The issuer is solely responsible for the content of this announcement. Miami, FL, New Castle Upon Tyne / 27th June 2017 / Alex Media Technology: Alex Media (C.O.A.ST.) uses recent hacker attacks to point out cyber security and C.O.A.ST. as a solution. The IPO on NASDAQ First North is planned this year.

The recent global WannaCry ransomware attack is a wakeup call for businesses as to what can happen if they fail to implement effective cyber security measures. The immediate financial loss in recovering data although significant is likely to be much less than losses caused by the on-going reputational damage to the business brand. Investors were quick to spot an opportunity with the NASDAQ CTA Cyber Security Index up 3% on the day following the WannaCry attack.

Cyber Security is a complex technical area where few users have a particularly deep understanding. In smaller businesses without permanent IT staff the risk of loss or interruption is significantly increased. Business cyber security solutions are typically expensive and require on-going maintenance by experienced trained staff in order to remain effective.

The secure COAST USB stick is a straightforward and comprehensive solution to many current cyber security issues that is both simple and cost effective to implement. No particular technical expertise is required. The complexity of the cyber security solution is managed remotely by the COAST team, including the essential on-going maintenance of the software on the stick. With COAST all sensitive data is kept off-grid on the stick and permanently encrypted to mitigate against loss or theft. Regardless of geographical location any links to the internet are always made using a secure encrypted connection. Emails within defined groups are encrypted by default.