Accenture (ACN) To Acquire an Australian Cybersecurity Firm, CyberCX
This move comes after a series of major cyberattacks in Australia. Optus faced a huge data breach affecting 10 million users in 2022. Moreover, Medibank and Qantas also suffered attacks, exposing the customer information of millions of their users. CyberCX was created in 2019 after merging 12 smaller companies and has around 1400 employees in Australia, New Zealand, London, and New York.
A team of data experts gathered around a computer monitor analyzing customer data.
Accenture plc (NYSE:ACN) is a services company that helps businesses with strategy, consulting, technology, and operations.
While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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