Was ist das eigentlich? Cyberrisiken verständlich erklärt

Es wird viel über Cyberrisiken gesprochen. Oftmals fehlt aber das grundsätzliche Verständnis, was Cyberrisiken überhaupt sind. Ohne diese zu verstehen, lässt sich aber auch kein Versicherungsschutz gestalten.

Beinahe alle Aktivitäten des täglichen Lebens können heute über das Internet abgewickelt werden. Online-Shopping und Online-Banking sind im Alltag angekommen. Diese Entwicklung trifft längst nicht nur auf Privatleute, sondern auch auf Firmen zu. Das Schlagwort Industrie 4.0 verheißt bereits eine zunehmende Vernetzung diverser geschäftlicher Vorgänge über das Internet.

Anbieter von Cyberversicherungen für kleinere und mittelständische Unternehmen (KMU) haben Versicherungen die Erfahrung gemacht, dass trotz dieser eindeutigen Entwicklung Cyberrisiken immer noch unterschätzt werden, da sie als etwas Abstraktes wahrgenommen werden. Für KMU kann dies ein gefährlicher Trugschluss sein, da gerade hier Cyberattacken existenzbedrohende Ausmaße annehmen können. So wird noch häufig gefragt, was Cyberrisiken eigentlich sind. Diese Frage ist mehr als verständlich, denn ohne (Cyber-)Risiken bestünde auch kein Bedarf für eine (Cyber-)Versicherung.

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Exam Number : MOFF-EN
Exam Name : Microsoft Operations Framework Foundation
Vendor Name : Microsoft
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MOFF-EN exam Format | MOFF-EN Course Contents | MOFF-EN Course Outline | MOFF-EN exam Syllabus | MOFF-EN exam Objectives


EXAM : MOFF-EN
EXAM NAME : Microsoft Operations Framework Foundation
Time allocated: 60 minutes
Number of questions: 40 multiple-choice
Passing score: 65% (26 correct answers)
Format: Online or Paper; closed-book
Prerequisites: At least 5 hours of personal study during the course are recommended.

People who require a basic understanding of the MOF framework.
People who want to Strengthen IT service management quality within an organization.
IT professionals who work in an organization which has adopted MOF.
Business managers and business process owners.

The MOF Overview
1.1 The Importance of MOF to an Organization
1.2 The Position of MOF in IT Service Management
1.3 Advantages of the MOF Approach to IT Service Management
1.4 Basic Concepts of the Microsoft Operations Framework
2 The Plan Phase
2.1 Basic Concepts of the Plan Phase
2.2 Service Management Functions (SMFs) of the Plan Phase
2.3 Management Reviews (MRs) of the Plan Phase
2.4 Objectives, Risks and Controls of the Plan Phase
2.5 The Integration of the Plan Phase with the Manage Layer
3 The Deliver Phase
3.1 Basic Concepts of the Deliver Phase
3.2 Service Management Functions (SMFs) of the Deliver Phase
3.3 Management Reviews (MRs) of the Deliver Phase
3.4 Objectives, Risks and Controls of the Deliver Phase
3.5 The Integration of the Deliver Phase with the Manage Layer
4 The Operate Phase
4.1 Basic Concepts of the Operate Phase
4.2 Service Management Functions (SMFs) of the Operate Phase
4.3 Management Reviews (MRs) of the Operate Phase
4.4 Objectives, Risks and Controls of the Operate Phase
4.5 The Integration of the Operate Phase with the Manage Layer
5 The Manage Layer
5.1 Basic Concepts of the Manage Layer
5.2 Service Management Functions (SMFs) of the Manage Layer
5.3 Management Reviews (MRs) of the Manage Layer
5.4 Goals of the Manage Layer
5.5 Types of Control of the Manage Layer
5.6 The Coordination Role of the Manage Layer throughout the Lifecycle Phases
6 How to Achieve Business Benefits with MOF
6.1 Reduction of Costs in Service Management
6.2 Review and Fix of Services and Processes
6.3 Operation and Monitoring of Services
7 exam Description
7.1 exam Format
7.2 Tips for Answering the Exam
8 Review, Evaluation and Exam
8.1 General Review
8.2 sample Exam
8.3 sample exam Review
8.4 Course Evaluation
8.5 Course Certificate
8.6 Certification Exam

This workshop also prepares the participants to take the included Foundation Certificate in Microsoft Operations Framework V 4.0 (MOFF.EN) exam offered by EXIN International.
The MOF Overview
•IT service Life Cycle
•Service Management Functions
The Plan Phase
•Business/IT Alignment
•Reliability
•Policy
•Financial Management
•Service Alignment Management Review
•Portfolio Management Review
The Deliver Phase
•Envisioning
•Project Planning
•Build
•Stabilize
•Deploy
•Project Plan Approval Management Review
•Release Readiness Management Review
The Operate Phase
•Operations
•Service Monitoring and Control
•Customer Service
•Problem Management
•Operational Health Management Review
The Manage Layer
•Governance, Risk and Compliance
•Change and Configuration
•Team
•Policy & Control Management Review



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Microsoft exec continues to dump stock, selling more than $7.5 million worth of shares this month

No result found, try new keyword!Microsoft Corp. Chief Marketing Officer Christopher Capossela is continuing to dump his company’s stock, selling more than $7.5 million worth of shares so far this month, according to accurate ...

Microsoft is scaling down operations in Russia, 400 employees impacted0 0

A Microsoft logo in front of a flag of Russia

Back in March, Microsoft announced that it is halting all new sales of its products in Russia following the country's invasion of Ukraine. This meant that the company would no longer sell Xbox consoles, Windows, Microsoft 365, or Azure to new customers in Russia. The move followed Microsoft banning state-sponsored media outlets such as Russia Today (RT) and Sputnik from the Microsoft Store, reducing the visibility of their content on Bing, and blocking them from Microsoft's ad network, among other things.

Today, the Redmond tech giant has announced that it is significantly downsizing its operations in Russia, with over 400 employees being affected. In a statement to Bloomberg, Microsoft noted that:

As a result of the changes to the economic outlook and the impact on their business in Russia, they have made the decision to significantly scale down their operations in Russia. They will continue to fulfill their existing contractual obligations with Russian customers while the suspension of new sales remains in effect.

We are working closely with impacted employees to ensure they are treated with respect and have their full support during this difficult time.

Given that Microsoft already halted new sales of services and products in Russia in March, it's natural - but unfortunate for affected employees - that the company is downscaling its operations in the country in terms of headcount too. While existing contractual obligations will be honored, its clear that the firm does not want to invest its efforts in Russia until political and economic stability is reached.

Source: Bloomberg


12 Best Quality Penny Stocks to Buy

In this article, they will take a look at the 12 best quality penny stocks to buy. To see more such companies, go directly to 5 Best Quality Penny Stocks to Buy.

Finding quality penny stocks has always been difficult. It’s like finding a needle in the haystack. There are thousands of penny stocks and a majority of them might fail and go to zero. Scams, pump and dump schemes, liquidity problems and lack of any business model are just a few of the long list of problems that keep an average, risk-averse investor at bay from penny stocks. Yet in these penny stocks are hidden the gems of the future. Small companies working on long-term growth catalysts, products and services provide investors a chance to become wealthy by investing in the stock market, something that’s becoming harder by the day. A report by Westcore Funds sheds some light on the importance of investing in quality penny, or micro-cap stocks, for long-term gains. The report said that micro-cap stocks usually remain under the radar because Wall Street analysts are not interested in covering them. The report cited a data point says on that on average each large-cap stock is covered by 26 analysts while on average each micro-cap stock is covered by two analysts.

The report said that this huge difference in analyst coverage of two categories creates a lot of mispriced stock opportunities in the micro-cap sector which could be used by investors. The report also cited data which shows the historical outperformance of micro-cap stocks. From 1992 to 2015, the Dow Jones U.S. Micro Cap posted a whopping 1199% in returns on a cumulative basis, compared to 696% for the S&P 500 index

The report also debunks a commonly held thought that micro-cap stocks are risky because of their liquidity issues and trading volumes. The report said that Alpha, which is a measure of risk-adjusted performance, “is actually higher for micro- caps than it is for other equity asset classes when compared to the overall market.”

Story continues

But even if they acknowledge the fact that risks are higher for micro-cap companies, there are some research reports which show that these risks are more than offset by returns posted by these micro-cap companies over longer periods of time. For example, a report from Acuitas Investments shares some interesting data points from research done by Eugene Fama and Kenneth French.  The report shares some charts on stock volatility of different market cap categories for 25, 50, and 75 years.

“From a risk standpoint, the variability of microcap returns has understandably been above large cap stocks, with an annualized standard deviation of 20.60% vs. 14.00% over the past 75 years. However, investors have been more than rewarded for this additional risk with an annualized 1.40% performance premium. When comparing the risk of microcaps vs. small caps, the difference is not nearly as significant as many investors might think.”

Acknowledging the caveats linked with micro-cap stocks or penny stocks, it’s a fact that if one manages to find quality penny stocks with high growth potential, they can offer huge changes of wealth creation. For example, the Acuitas Investments report highlights some of the important fundamental differences of micro-cap stocks and large-cap stocks. The report said that micro-cap stocks trade at roughly half the price to book as large cap stocks. The biggest reason behind this low valuation, according to the report, is that these companies receive little or no attention from institutional investors. The report said that the valuation of micro-cap stocks is lower than large-cap companies when seen in all key metrics, including Price/Sales, Price/Cash Flow, and naturally the Price/Earnings ratio. However, a key caveat here is that most of the penny stocks or micro-cap stocks have negative earnings. These companies are still burning a lot of cash and funding their operations that are expected to bear fruit in the long run. On the other hand, micro-cap companies have higher sales growth, better than large-cap companies. The report said that on average the micro-cap index has a sales growth of 18.1%, better than large-cap’s 11.2% sales growth.

Gains for Those Who are "Willing to do the Work"

The report then reiterates the simple fact which is perhaps present in every micro-cap stock investing primer. Potential gains in the micro-cap universe are for those are “willing to do the work.” You will find tons of analyses on Apple, Microsoft, Meta Platforms and other major companies. But you wont find much analyst coverage on penny stocks in the mainstream media. Are you ready to dig deeper to find the real quality penny stocks currently trading in the market? It’s easier to say yes than executing the long, tiring process of finding quality penny stocks. But why not see what the investing gurus have been doing in this area? That’s why in this article they decided to list down some quality penny stocks bought by hedge funds.

Best Quality Penny Stocks to Buy

Photo by Nicholas Cappello on Unsplash

Our Methodology

For this article they first used a stock screener to find companies that are profitable, trading under $5, have sales growth of over 5% over the past five years, have positive EPS growth (quarter over quarter) and positive sales growth (quarter over quarter). From the resultant list of stocks they picked the penny stocks with the highest number of hedge fund investors. They gauged hedge fund sentiment for these stocks using Insider Monkey’s proprietary database of 943 hedge funds. This way, the stocks in this article are the best quality penny stocks to buy according to hedge funds.

Best Quality Penny Stocks to Buy 12. Great Elm Group, Inc. (NASDAQ:GEG)

Number of Hedge Fund Holders: 7

Waltham, Massachusetts-based Great Elm Group, Inc. (NASDAQ:GEG) is engaged in durable medical equipment and investment management businesses.

A total of 7 hedge funds tracked by Insider Monkey had stakes in Great Elm Group, Inc. (NASDAQ:GEG). The biggest stakeholder of Great Elm Group, Inc. (NASDAQ:GEG) was Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management which owns an $8.3 million stake in the company.

11. Great Elm Group, Inc. (NASDAQ:GEG)

Number of Hedge Fund Holders: 7

Medical equipment company Great Elm Group, Inc. (NASDAQ:GEG) ranks 11th in their list of the best quality penny stocks to buy according to hedge funds. Earlier this year, Great Elm Group, Inc. (NASDAQ:GEG) sold Forest, one of its subsidiaries, to JPMorgan. The first tranche of the deal raised $18 million from the sale of 61% of the common equity. In February Great Elm Group, Inc. (NASDAQ:GEG) posted results for fiscal Q2. GAAP EPS in the period came in at $0.74. Revenue in the quarter jumped 84.3% year over year to $1.88 million.

As of the end of the first quarter of 2023, 7 hedge funds tracked by Insider Monkey had stakes in Great Elm Group, Inc. (NASDAQ:GEG). The biggest stakeholder of Great Elm Group, Inc. (NASDAQ:GEG) was Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management which owns an $8.3 million stake in the company.

10. Smart Sand, Inc. (NASDAQ:SND)

Number of Hedge Fund Holders: 8

Texas-based Smart Sand Inc. (NASDAQ:SND) is engaged in the excavation, processing, and sale of sands or proppants for use in hydraulic fracturing operations in the oil and gas industry. In May Smart Sand Inc. (NASDAQ:SND) posted Q1 results. Smart Sand Inc. (NASDAQ:SND)’s revenue in the period jumped about 98% year over year.

Insider Monkey’s database of 943 hedge funds shows that 8 hedge funds had stakes in Smart Sand Inc. (NASDAQ:SND) as of the end of the first quarter of 2023.

9. Ring Energy, Inc. (NYSE:REI)

Number of Hedge Fund Holders: 9

Oil and gas exploration company Ring Energy, Inc. (NYSE:REI) ranks 9th in their list of the best quality penny stocks to buy according to hedge funds. Ring Energy, Inc. (NYSE:REI) recently said it agreed to buy the Central Basin Platform assets of Founders Oil & Gas IV located in the Permian Basin for $75 million in cash.

Ring Energy, Inc. (NYSE:REI) in July also announced a $25 million net reduction in borrowings from its $600 million senior revolving credit facility during the second quarter. A total of 9 hedge funds tracked by Insider Monkey were long Ring Energy, Inc. (NYSE:REI). The biggest stakeholder of Ring Energy, Inc. (NYSE:REI) was John Overdeck and David Siegel’s  Two Sigma Advisors with a $3 million stake in the company.

8. LexinFintech Holdings Ltd. (NASDAQ:LX)

Number of Hedge Fund Holders: 9

China-based LexinFintech Holdings Ltd. (NASDAQ:LX) is on a tear in 2023, gaining about 44% year to date. As of the end of the first quarter of 2023, 9 hedge funds in Insider Monkey’s database had stakes in LexinFintech Holdings Ltd. (NASDAQ:LX). The most significant stakeholder of LexinFintech Holdings Ltd. (NASDAQ:LX) during this period was DE Shaw with a $2.9 million stake in the company.

7. Wipro Limited (NYSE:WIT)

Number of Hedge Fund Holders: 10

IT services and consulting firm Wipro Limited (NYSE:WIT) is one of the top quality penny stocks to buy according to hedge funds. Insider Monkey’s database of 943 hedge funds shows that 10 funds had stakes in Wipro Limited (NYSE:WIT). The biggest hedge fund stakeholder of Wipro Limited (NYSE:WIT) during this period was Ben Levine, Andrew Manuel, and Stefan Renold’s LMR Partners which had an $11 million stake in the company.

Last month, Wipro Limited (NYSE:WIT) said it plans to spend $1 billion to advance AI capabilities over the next three years.

In July, Wipro Limited (NYSE:WIT) posted Q1 results. GAAP EPS in the period came in at $0.06. Revenue in the quarter jumped 6% year over ear.

6. PaySign, Inc. (NASDAQ:PAYS)

Number of Hedge Fund Holders: 12

PaySign, Inc. (NASDAQ:PAYS) is a prepaid cards and payments processing company that mostly serves the plasma industry.

In June, PaySign, Inc. (NASDAQ:PAYS) completed an issuer certification and connection with Mastercard (NYSE:MA). PaySign, Inc. (NASDAQ:PAYS) jumped about 1.2% on the news.

As of the end of the first quarter of 2023, 12 hedge funds tracked by Insider Monkey had stakes in PaySign, Inc. (NASDAQ:PAYS). The biggest stakeholder of PaySign, Inc. (NASDAQ:PAYS) during this period was Joseph P. Colmery and Steven J. Didion’s JCSD Capital with an $886 million stake in the company.

Click to continue memorizing and see 5 Best Quality Penny Stocks to Buy.

Suggested articles:

Disclosure: None. 12 Best Quality Penny Stocks to Buy is originally published on Insider Monkey.


 




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Warum sind Cyberrisiken so schwer greifbar?

Als mehr oder weniger neuartiges Phänomen stellen Cyberrisiken Unternehmen und Versicherer vor besondere Herausforderungen. Nicht nur die neuen Schadenszenarien sind abstrakter oder noch nicht bekannt. Häufig sind immaterielle Werte durch Cyberrisiken in Gefahr. Diese wertvollen Vermögensgegenstände sind schwer bewertbar.

Obwohl die Gefahr durchaus wahrgenommen wird, unterschätzen viele Firmen ihr eigenes Risiko. Dies liegt unter anderem auch an den Veröffentlichungen zu Cyberrisiken. In der Presse finden sich unzählige Berichte von Cyberattacken auf namhafte und große Unternehmen. Den Weg in die Presse finden eben nur die spektakulären Fälle. Die dort genannten Schadenszenarien werden dann für das eigene Unternehmen als unrealistisch eingestuft. Die für die KMU nicht minder gefährlichen Cyber­attacken werden nur selten publiziert.

Aufgrund der fehlenden öffentlichen Meldungen von Sicherheitsvorfällen an Sicherheitsbehörden und wegen der fehlenden Presseberichte fällt es schwer, Fakten und Zahlen zur Risikolage zu erheben. Aber ohne diese Grundlage fällt es schwer, in entsprechende Sicherheitsmaßnahmen zu investieren.

Erklärungsleitfaden anhand eines Ursache-Wirkungs-Modells

Häufig nähert man sich dem Thema Cyberrisiko anlass- oder eventbezogen, also wenn sich neue Schaden­szenarien wie die weltweite WannaCry-Attacke entwickeln. Häufig wird auch akteursgebunden beleuchtet, wer Angreifer oder Opfer sein kann. Dadurch begrenzt man sich bei dem Thema häufig zu sehr nur auf die Cyberkriminalität. Um dem Thema Cyberrisiko jedoch gerecht zu werden, müssen auch weitere Ursachen hinzugezogen werden.

Mit einer Kategorisierung kann das Thema ganzheitlich und nachvollziehbar strukturiert werden. Ebenso hilft eine solche Kategorisierung dabei, eine Abgrenzung vorzunehmen, für welche Gefahren Versicherungsschutz über eine etwaige Cyberversicherung besteht und für welche nicht.

Die Ursachen sind dabei die Risiken, während finanzielle bzw. nicht finanzielle Verluste die Wirkungen sind. Cyberrisiken werden demnach in zwei Hauptursachen eingeteilt. Auf der einen Seite sind die nicht kriminellen Ursachen und auf der anderen Seite die kriminellen Ursachen zu nennen. Beide Ursachen können dabei in drei Untergruppen unterteilt werden.

Nicht kriminelle Ursachen

Höhere Gewalt

Häufig hat man bei dem Thema Cyberrisiko nur die kriminellen Ursachen vor Augen. Aber auch höhere Gewalt kann zu einem empfindlichen Datenverlust führen oder zumindest die Verfügbarkeit von Daten einschränken, indem Rechenzentren durch Naturkatastrophen wie beispielsweise Überschwemmungen oder Erdbeben zerstört werden. Ebenso sind Stromausfälle denkbar.

Menschliches Versagen/Fehlverhalten

Als Cyberrisiken sind auch unbeabsichtigtes und menschliches Fehlverhalten denkbar. Hierunter könnte das versehentliche Veröffentlichen von sensiblen Informationen fallen. Möglich sind eine falsche Adressierung, Wahl einer falschen Faxnummer oder das Hochladen sensibler Daten auf einen öffentlichen Bereich der Homepage.

Technisches Versagen

Auch Hardwaredefekte können zu einem herben Datenverlust führen. Neben einem Überhitzen von Rechnern sind Kurzschlüsse in Systemtechnik oder sogenannte Headcrashes von Festplatten denkbare Szenarien.

Kriminelle Ursachen

Hackerangriffe

Hackerangriffe oder Cyberattacken sind in der Regel die Szenarien, die die Presse dominieren. Häufig wird von spektakulären Datendiebstählen auf große Firmen oder von weltweiten Angriffen mit sogenannten Kryptotrojanern berichtet. Opfer kann am Ende aber jeder werden. Ziele, Methoden und auch das Interesse sind vielfältig. Neben dem finanziellen Interesse können Hackerangriffe auch zur Spionage oder Sabotage eingesetzt werden. Mögliche Hackermethoden sind unter anderem: Social Engineering, Trojaner, DoS-Attacken oder Viren.

Physischer Angriff

Die Zielsetzung eines physischen Angriffs ist ähnlich dem eines Hacker­angriffs. Dabei wird nicht auf die Tools eines Hackerangriffs zurückgegriffen, sondern durch das physische Eindringen in Unternehmensgebäude das Ziel erreicht. Häufig sind es Mitarbeiter, die vertrauliche Informationen stehlen, da sie bereits den notwendigen Zugang zu den Daten besitzen.

Erpressung

Obwohl die Erpressung aufgrund der eingesetzten Methoden auch als Hacker­angriff gewertet werden könnte, ergibt eine Differenzierung Sinn. Erpressungsfälle durch Kryptotrojaner sind eines der häufigsten Schadenszenarien für kleinere und mittelständische Unternehmen. Außerdem sind auch Erpressungsfälle denkbar, bei denen sensible Daten gestohlen wurden und ein Lösegeld gefordert wird, damit sie nicht veröffentlicht oder weiterverkauft werden.

Ihre Cyberversicherung sollte zumindet folgende Schäden abdecken:

Cyber-Kosten:

  • Soforthilfe und Forensik-Kosten (Kosten der Ursachenermittlung, Benachrichtigungskosten und Callcenter-Leistung)
  • Krisenkommunikation / PR-Maßnahmen
  • Systemverbesserungen nach einer Cyber-Attacke
  • Aufwendungen vor Eintritt des Versicherungsfalls

Cyber-Drittschäden (Haftpflicht):

  • Befriedigung oder Abwehr von Ansprüchen Dritter
  • Rechtswidrige elektronische Kommunikation
  • Ansprüche der E-Payment-Serviceprovider
  • Vertragsstrafe wegen der Verletzung von Geheimhaltungspflichten und Datenschutzvereinbarungen
  • Vertragliche Schadenersatzansprüche
  • Vertragliche Haftpflicht bei Datenverarbeitung durch Dritte
  • Rechtsverteidigungskosten

Cyber-Eigenschäden:

  • Betriebsunterbrechung
  • Betriebsunterbrechung durch Ausfall von Dienstleister (optional)
  • Mehrkosten
  • Wiederherstellung von Daten (auch Entfernen der Schadsoftware)
  • Cyber-Diebstahl: elektronischer Zahlungsverkehr, fehlerhafter Versand von Waren, Telefon-Mehrkosten/erhöhte Nutzungsentgelte
  • Cyber-Erpressung
  • Entschädigung mit Strafcharakter/Bußgeld
  • Ersatz-IT-Hardware
  • Cyber-Betrug