Business

Cyber in space – the activity that is completely out of this world

Published

12 months ago

October 18, 2021

Costa Haritos

As governments and the private sector develop new technologies for space, the threat of cyber attacks continues to increase

Over the years, government-run space programs have put humans on the moon.

Animals in space, and had a constant human presence living in orbit since 2000.

But as private projects like Blue Origin and SpaceX take the skies, space feels closer than ever before.

Ticker’s Costa Haritos explains the sector is already bracing for cyber activity that is completely out of this world

But with technology and software making these projects possible, they’re fast becoming a target for cyber hackers.

Both the private and public space sectors are taking a closer look at cybersecurity concerns that are out of this world.

When satellites are in space, they transmit sensitive data to and from earth.

This makes them a potential target for hackers or malicious actors.

In 2019, cyber security incidents at NASA rose to nearly 1,500—an increase of 366% from 315 the year prior.

It comes as the space agency’s cybersecurity budget declined by $3.1 million over the same period.

Peter Coroneos is an internationally recognised voice on cyber policy.

The U.K. Government is already taking action to curb cyber threats in space.

It plans to link civil and military space ventures to combat emerging threats.

Meanwhile, the White House has also put cyber in space firmly on its radar.

The U.S.’ top cyber strategy invests in resilience and defence for future attacks.

As new projects take to the skies, governments and the private sector alike are fastening their seatbelts for what could be a bumpy ride.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Business

World’s second-biggest fashion retailer blames Russia for 89% profit drop

Published

8 hours ago

September 29, 2022

ticker NEWS

The Swedish fashion giant H&M says profits have dropped 89 per cent

They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.

Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.

The Russian exit accounted for half of the decrease in profits, according to the retailer.

H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.

Business

How Disney beat Netflix at its own game

Published

8 hours ago

September 29, 2022

Ahron Young

When it comes to streaming, there’s a new sheriff in town.

Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.

In comparison, Netflix lost nearly 1 million subscribers in the same period.

So what happened? How did Disney+ overtake Netflix so quickly?

There are a few factors at play.

For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.

In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.

Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.

The Disney effect

The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.

As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.

Factbox

What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.

When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.

What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.

What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.

Disney+ facts

Disney is spending $1 billion per year on its streaming service.

What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.

When was Disney+ launched? Disney+ was launched on November 12, 2019.

What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.

How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.

What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.