Latest news with #Sygnia
News24
14-05-2025
- Business
- News24
How to stay financially focused when the world feels uncertain
Inflation. Market swings. Global tension. It's a tough crowd out there for investors. When headlines are loud and your portfolio feels the pressure, the instinct might be to pull back, hold cash, or simply freeze. But history shows that staying the course with the right tools can make all the difference. At times like these, what matters most isn't panic or prediction. It's strategy. 3 smart moves for uncertain times Sygnia has designed the Zen Range of investment funds with one clear objective: to help you navigate volatility without losing sight of long-term growth. These funds are built on flexibility, discipline, and a focus on inflation-beating returns. Here's how you can stay invested and stay smart: 1. Sygnia Money Market Fund For investors who are feeling particularly risk-averse, this is a conservative option that still offers more than your average savings account. It's an ideal parking spot for capital that needs to stay liquid while earning a competitive return. 2. Sygnia Enhanced Income Fund Looking for steady income and peace of mind? This fund prioritises short- term capital stability with regular payouts, all while carefully managing risk. It' s built for times when protection matters just as much as performance. 3. Sygnia Skeleton Balanced Absolute Fund Markets go up. Markets go down. This fund is designed to do well in both directions, aiming for positive returns over 12 months by spreading investments across different asset classes. The result: a balanced approach that seeks growth without the drama. Agility is the advantage The common thread across all three options is active, hands-on management. This means Sygnia's investment team isn't sitting still; they're constantly analysing, adjusting, and reallocating to help shield your portfolio from inflation and sudden shocks. Even in a shaky market, your money can still work for you. These funds offer a well-considered, prudent path forward, one that safeguards your long-term goals while minimising the bumps along the way. Want a deeper dive into the Zen Range strategy? Watch the full webinar here:
Yahoo
27-04-2025
- Business
- Yahoo
Should You Be Adding Sygnia (JSE:SYG) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Sygnia (JSE:SYG). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. We've discovered 2 warning signs about Sygnia. View them for free. The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. We can see that in the last three years Sygnia grew its EPS by 10% per year. That's a pretty good rate, if the company can sustain it. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. EBIT margins for Sygnia remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 12% to R946m. That's encouraging news for the company! In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers. Check out our latest analysis for Sygnia Since Sygnia is no giant, with a market capitalisation of R3.6b, you should definitely check its cash and debt before getting too excited about its prospects. Many consider high insider ownership to be a strong sign of alignment between the leaders of a company and the ordinary shareholders. So as you can imagine, the fact that Sygnia insiders own a significant number of shares certainly is appealing. Actually, with 37% of the company to their names, insiders are profoundly invested in the business. Those who are comforted by solid insider ownership like this should be happy, as it implies that those running the business are genuinely motivated to create shareholder value. With that sort of holding, insiders have about R1.3b riding on the stock, at current prices. That should be more than enough to keep them focussed on creating shareholder value! While it's always good to see some strong conviction in the company from insiders through heavy investment, it's also important for shareholders to ask if management compensation policies are reasonable. Well, based on the CEO pay, you'd argue that they are indeed. For companies with market capitalisations between R1.9b and R7.5b, like Sygnia, the median CEO pay is around R15m. The Sygnia CEO received total compensation of just R1.8m in the year to September 2024. That's clearly well below average, so at a glance that arrangement seems generous to shareholders and points to a modest remuneration culture. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. It can also be a sign of good governance, more generally. One important encouraging feature of Sygnia is that it is growing profits. The growth of EPS may be the eye-catching headline for Sygnia, but there's more to bring joy for shareholders. Boasting both modest CEO pay and considerable insider ownership, you'd argue this one is worthy of the watchlist, at least. What about risks? Every company has them, and we've spotted 2 warning signs for Sygnia (of which 1 can't be ignored!) you should know about. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in ZA with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Associated Press
24-03-2025
- Associated Press
Sygnia Discovers New Active China-Nexus Threat Actor Weaver Ant
TEL-AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Mar 24, 2025-- Sygnia, the foremost global cyber readiness and response team, revealed today a new China nexus threat actor, which the company has named Weaver Ant. To infiltrate the telecom company and gain access to sensitive data, Weaver Ant compromised Zyxel CPE home routers as an entry point into the victim's network. The APT also utilized a new web shell, dubbed 'INMemory' to enable in-memory execution of malicious modules while evading detection. This press release features multimedia. View the full release here: Web shell tunneling flow As part of Sygnia's investigation into a separate threat actor, an account that was disabled by initial remediation efforts was re-enabled by a service account. Upon investigation, Sygnia determined that the account had been previously used by Weaver Ant. Notably, the activity originated from a server that had not been previously identified as compromised. This prompted a large-scale forensic investigation and as a result, Sygnia uncovered a variant of the China Chopper Web shell deployed on an internal server that had been compromised for several years. 'Nation-state threat actors like Weaver Ant are incredibly dangerous and persistent with the primary goal of infiltrating critical infrastructure and collecting as much information as they can before being discovered,' said Oren Biderman, Incident Response and Digital Forensic Team Leader at Sygnia. 'Multiple layers of web shells concealed malicious payloads, allowing the threat actor to move laterally within the network and remain evasive until the final payload. These payloads and their ability to leverage never-seen-before web shells to evade detection speaks to Weaver Ant's sophistication and stealthiness.' How Weaver Ant Tunneled into Telco The web shell hunt revealed two types of web shells in different variants. The first was classified by Sygnia as an encrypted China Chopper. China Chopper enabled Weaver Ant to gain remote access and control of web servers. Notably, variants of the China Chopper web shell support AES encryption of a payload, making it highly effective at evading detection at the Web Application Firewall level. The second web shell, INMemory was discovered by Sygnia and had no publicly available references to any other known web shells. INMemory's leveraged just-in-time (JIT) compilation and execution of code at runtime to dynamically execute malicious payloads without having to write them onto the disk. Biderman added, 'Weaver Ant maintained activity within the compromised network for over four years despite repeated attempts to eliminate them from compromised systems. The threat actor adapted their TTPs to the evolving network environment, enabling continuous access to compromised systems and the collection of sensitive information.' Following the investigation and an extensive eradication effort, Sygnia continues to monitor Weaver Ant. The threat actor has already been detected attempting to regain access to the telecom company's network. For the complete details, please see the associated report and technical annex. Sygnia is the world's foremost cyber response and readiness expert. It applies creative approaches and bold solutions to each phase of an organization's security journey, meeting them where they are to ensure cyber resilience. Sygnia is the trusted advisor and service provider of leading organizations worldwide, including Fortune 100 companies. Sygnia is a Temasek company, part of the ISTARI Collective. For more about Sygnia, visit SOURCE: Sygnia Copyright Business Wire 2025. PUB: 03/24/2025 04:00 AM/DISC: 03/24/2025 03:59 AM
Yahoo
28-02-2025
- Business
- Yahoo
North Korean hackers ‘took just two minutes' to pull off record $1.5bn heist
North Korean hackers took just two minutes to make off with $1.5bn (£1.2bn) in cryptocurrency, cyber security researchers believe, in the single biggest heist in history. Post-mortem reports commissioned by the cryptocurrency exchange Bybit, which last week saw hundreds of millions of dollars in the Ethereum cryptocurrency stolen by a Pyongyang-linked group, revealed details of how the hackers breached its systems. The cyber attackers were able to compromise a so-called cold wallet used by Bybit, a Dubai-based cryptocurrency exchange. These hardware wallets, akin to an encrypted USB-stick, are supposed to be secure, as they are kept offline and away from the internet. However, when the cryptocurrency exchange attempted to move funds from their hardware wallet into an online account, the attackers were able to strike within seconds. Cyber security experts from Sygnia and Verichains said the hacked transaction was as a result of a breach in a technology called Safe Wallet, having pieced together the events from digital records. Two days before the incident, North Korean hackers, believed to be part of the rogue state's notorious Lazarus Group, injected malicious code into the online infrastructure of Safe Wallet, which it would use to communicate with ByBit's account when it was activated. Safe Global, the company behind the wallet, said the hackers had managed to 'compromise the machine of a Safe Wallet developer', blaming the hacking group's 'sophisticated social engineering attacks'. The malicious code was specifically designed to crack Bybit's wallet. It was able to mimic the coded 'signature' of three accounts, including the chief executive of Bybit, when it activated. When Bybit attempted to transfer its funds, at 2.15pm last Friday, the hackers swiftly drained its wallets of 400,000 Ethereum coins, using a backdoor function they had inserted. According to Sygnia's report 'two minutes after the malicious transaction was executed and published', the hackers removed their code and escaped from the system before Bybit even realised the money was gone. Having made off with the funds, the North Korean group has rapidly worked to launder the funds through a series of cryptocurrency exchanges. The hack represents the most devastating attack yet by North Korea's cyber agents, who are under the command of the state's intelligence service and tasked with stealing funds from the West to finance the country's weapons of mass destruction. It eclipses the $1.3bn stolen by North Korea over the whole of 2024. The country's hackers have been blamed for a total of $6bn in cryptocurrency thefts over the last decade. It is larger than the biggest bank heist in history, when $1bn was stolen by Saddam Hussein from Iraq's central bank in 2003. The Bybit hack has been blamed on Lazarus Group, a group linked to Kim Jong-un's intelligence agency, the Reconnaissance General Bureau. The group is notorious for its carefully planned attacks, using a mix of social engineering, email phishing and technical brilliance to expose systems. On Wednesday, the FBI formally blamed North Korea for the heist, labelling the hacking group behind with the codename TraderTraitor. The FBI said the hackers were 'proceeding rapidly and have converted some of the stolen assets to bitcoin and other virtual assets dispersed across thousands of addresses on multiple blockchains'. It called on exchanges to identify and block suspect transactions. While many digital coin transactions are anonymous, they can be tracked through its digital ledger technology, known as the blockchain, by security experts. However, many exchanges have few know-your-customer or anti-fraud checks – or little incentive to comply with investigations in the unregulated space. Meanwhile Ben Zhou, the chief executive of Bybit, said he had declared 'war against Lazarus', promising up to $140m as a reward for organisations that were able to capture or freeze stolen funds. He added he would name and shame exchanges that failed to block known transactions from Lazarus Group. He said: 'We will not stop until Lazarus or bad actors in the industry is eliminated.' Safe Global said it had 'fully rebuilt, reconfigured all infrastructure and rotated all credentials, ensuring the attack vector is fully eliminated'. It added: 'Safe remains committed to security, transparency, self-custody and pushing the industry forward.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
