Investment company which takes stakes in tech firms valued at £4mill.




11p to buy.

RE: double buying today

The same is happening today Tuesday but at least they let the share price go up as I was expecting now 19.25p +1.75p

MAM's chart not showing the right price again

Interesting tweet from Cryptosoft about government enforcing standards -

Https://mobile.twitter.com/CryptosoftLtd/status/636088317147246592

20.50p +3p

Posted Aug. 24, 2015 at 6:04 a.m.
Warning to private data posters: Deleted information never actually goes away

NEW YORK — The Ashley Madison hack is a big reminder to all Web users: If you submit private data online, chances are it will never fully be deleted.
The hackers, who stole the data about a month ago and then posted it online this week, claimed in a statement that part of the reason for the theft was Ashley Madison's fraudulent promise to fully delete users' information if they paid the company a $19 fee.
The website — whose slogan is "Life is short. Have an affair" — is marketed to people looking for extramarital relationships. It purports to have about 39 million members.
The hackers said the company failed to delete the information, even though it collected the fees. Toronto-based Avid Life Media Inc., Ashley Madison's parent company, hasn't commented on the hackers' accusation. A company spokesman didn't respond to multiple emails seeking comment.

It's virtually impossible to exist in modern society without putting at least some personal information online. Many people can't get through a day without using the Internet to shop, pay a bill, or check their credit card balance.
Who is "The King of Infidelity"? CEO of cheating website says he's faithful husband
Touting himself as the "The King of Infidelity," the founder of the adultery site Ashley Madison built his livelihood around the unconventional philosophy that cheating is a natural part of married life — yet he says he is a devoted husband, and his wife of 12 years says she would be devastated if he was unfaithful.

Noel and Amanda Biderman say they do not practice what they preach but simply are smart entrepreneurs seizing an untapped market.
"I am printing money, I don't deny it," Biderman told the New York Daily News in 2014. "That's what happens when you build a taboo-focused business."
Their privately held Toronto holding company, Avid Life Media Inc., grossed $115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes.
Now divorce lawyers are preparing for a potential bonanza from the site's massive breach that released the information of its subscribers.

It's a problem the Bidermans say they have never had to confront because they are in a monogamous relationship, but they recognize others do not have that and there is money to be made from infidelity.
The couple, who have two children, say there's nothing wrong in running a site that allows married people who want to cheat to connect with others seeking an affair. Users pay a fee each time they send a message to a potential lover.

They turned down a request by The Associated Press to be interviewed for this story but have spent years appearing on TV talk shows and making other media appearances to promote their site.
The company says in a statement the hackers should be judged, not Ashley Madison and its roughly 39 million customers. The hackers have accused the company of filling the site with fake profiles and extorting fees for wiping profiles that were never truly deleted.

The company has said it is working on beefing up its security protocol.
Before you "submit" ...
People have become accustomed to trusting their most precious personal information to companies. But they also need to know that all of that information is being shared more than they would expect, privacy experts say.

Before you hit "submit," stop and think before giving up your personal information to any kind of website, said Michael Kaiser, executive director of the National Cyber Security Alliance, an industry-funded group that educates consumers about cybersecurity.
"Personal information is like money, and you don't just give away your money," Kaiser says. "In the environment we're in right now, you have to value it and think about protecting it everywhere you go on the Internet."

That means taking a look at a website's business to get an idea of how much they value information security and even asking them about their data retention practices. Banks, which deal in financial information, and large retailers, who have a vested interest in getting people to shop online, are probably safer bets than a dating site.
"Ashley Madison actually charges you to remove your information when you remove your account," he says. "That's a big clue about how they feel about your personal information."

People also need to sometimes take a pass on convenience in the name of online security.
Many consumers like it when e-commerce sites have their credit card and other information on file, or when Web browsers automatically fill in forms with their name, address and other details, says Peter Tyrrell, chief operating officer of the data security firm Digital Guardian. Meanwhile, worries about data theft and loss have prompted companies to back up important information in multiple places.

But both practices increase the likelihood that information could be leaked or shared. And it means that even when a person thinks that their information has been permanently deleted, chances are there are still copies floating around somewhere.
"Ashley Madison is a company with a service that's completely predicated on privacy," Tyrrell says, adding that that characteristic sets it apart from many traditional e-commerce sites such as retailers.
"Here the capital, so to speak, isn't a credit card or consumer goods. The capital is personal information that if released could be ruinous personally, and financially too."

Breaches, whether they be at a major retailer such as Target Corp., a health insurance company such as Anthem Inc., or Ashley Madison, have become so common that people should give some serious thought before putting personal information online, says Caleb Barlow, a vice president at IBM's security division.
And while Social Security numbers weren't involved Ashley Madison hack, people should be especially wary of using them as a backup password to access online information, given the potentially disastrous consequences that could result if they're intercepted, he says.
"Why are we using Social Security Numbers for both identification and access?" he questions. "Any data that can never be changed can be used for identity, but should never be used for access."

And no matter how legitimate a company or website may be, people need to be aware that they're rolling the dice every time they hand over personal information.
Scott Vernick, partner and head of the data security and privacy practice at the law firm Fox Rothschild LLP, says consumers have the right to expect a certain level of online security, depending on the industry standards of the company they're dealing with.
"But those expectations have to be muted by the knowledge that they're always taking a risk, whether they're ordering from Amazon Prime or from Ashley Madison," Vernick says.

Read more at http://wraltechwire.com/warning-to-private-data-posters-deleted-information-never-actually-goes-away-/14850164/#KTO3DQfeU7bCQXoE.99

Tweet from our VP Sales Sebastien Roques.

INSIGHT: Security in the Internet of Things age - Makers vs. Operators

Internet of Things (IoT) security is a hot topic among security and risk professionals.
25 August, 2015

Internet of Things (IoT) security is a hot topic among security and risk professionals. It seems as if every "thing" on the market is becoming smarter and more interactive.

As the level of IoT device maturity increases so does the level of risk of data and device compromise. The scary thing is that we really have no idea what IoT devices are in our environment let alone the correct way to secure them.

Http://www.computerworld.co.nz/article/582852/insight-security-internet-things-age-makers-vs-operators/?fp=16&fpid=1

WEEKLY

What makes Cryptosoft unique is its ability to scale and handle encryption tasks as a service process while interfacing seamlessly with the world’s leading key management, security policy and DLP platforms including those from PGP, Symantec and others.

“Our customers already have security infrastructure in place and are loathed to have to rip and replace perfectly adequate tools just to add encryption,” explains Penney, “So we have spent considerable effort in ensuring that Cryptosoft integrates with existing management platforms so encryption becomes an added service without impacting on workflow, security management or audited processes.”

For hosting and cloud service providers encryption offers the potential to allay many of the security concerns expressed by customers. However, traditional monolithic approaches are expensive, have problems scaling and are often difficult to implement in a shared environment.

“We built Cryptosoft with the express goal that it can scale so it has full support for virtual servers and load balancing capability,” explains CTO Carl Bourne. “But it is essential from an operational security standpoint that the critical cryptographic keys are still held by the client and not the service provider – this distinction is vital to meet the security requirement for many organisations and this separation between security policy handling, key management and the underlying encryption engine makes Cryptosoft a unique solution.”

Have dispose of 350k most likely from the ones taken on the placing @ 12p

HARGREAVE HALE LIMITED
DISCRETIONARY CLIENTS
24 AUGUST 2015
6. Date on which issuer notified: 25 AUGUST 2015
7. Threshold(s) that is/are crossed or
reached: vi, vii 11%

before 6,100,000 11%
after 5,750,000 10.426%

The MMs have used the RNS to shake the share price once again after reaching 22p earlier

momentum gone
Looks like the recent momentum is gone today
Plenty of delayed large trades done the job for the MMs
Had reached at 22p the upper Bollinger Band this morning

the momentum is gone today aswell as is now at low of the day 16.75p - 0.75p

hourly chart

Top performer today.

The uptrend continues as it moves to 24p +2.50p

Level 2 of 3 v 1
at spread of 23.50 v 24.50p

Late yesterday news .........

Big piece just on BBC 10 o'clock news about "IoT" and security issues.

--------------------
From the BBC

Lizard Squad hackers attack National Crime Agency site

Hackers have targeted the website of the National Crime Agency (NCA), the department set up to tackle organised crime, in an apparent revenge attack.
A Twitter account linked to the hacking group Lizard Squad appears to have claimed responsibility.

The NCA's site was inaccessible for some time on Tuesday morning.
The attack comes days after six teenagers were arrested by the NCA for using a service known as Lizard Stresser.

The 15 to 18-year-olds are believed to have targeted organisations including a national newspaper, a school, gaming companies and some online retailers.
It appears the NCA website was taken down in a distributed denial of service (DDoS) attack, where websites or servers are flooded with requests for data.

A spokesman for the National Crime Agency said its website was an "attractive target" and attacks are "a fact of life".
He said: "DDoS is a blunt form of attack which takes volume and not skill.

"It isn't a security breach, and it doesn't affect our operational capability.
"At worst, it is a temporary inconvenience to users of our website."
XBox and PlayStation attacks
Lizard Stresser is a tool which allows people to pay a fee to nominate a website they would like to be targeted by a DDoS attack.

It became popular after Lizard Squad took responsibility for several high-profile attacks.
The group claimed to have taken XBox and PlayStation gaming networks offline last Christmas.

Playstation & Xbox Hackings
None of the teenagers in these recent arrests are accused of involvement in those attacks or believed to be members of Lizard Squad.
The National Crime Agency said they are suspected of deploying Lizard Stresser, having bought it using services such as Bitcoin in an attempt to stay anonymous.

The targets haven't been named and it hasn't been confirmed whether the attempted DDoS attacks were successful.
As part of the same operation, officers are visiting around 50 addresses linked to people who are registered on the Lizard Stresser website - but who are not suspected of involvement in attacks.

Zac Mir has a 38p target.

Article on front page of Tech Track 100 in the Sunday Times today has an extract;

"Tech firms are thriving but face a big headache fighting cybercrime"

Within the report it states that 81% of large businesses and 60% of small businesses suffered a cyber attack in the last year.

Now the article goes on to talk about Cybercrime Insurance as if that were the answer but I think that insurance companies will insure but ask companies to have certain products in place.
--------------------

at another place TERN thread..............

CockneyRebel 05 Sep 2015 17:12 1649

terry trousers = Mike740 = Goldfinger

Having deramped so many stocks lately, the ones he's now gone long on he's ramping with his new handle.

The big question is - what asylum did he escape from?

CR

we now know the reason.............


share prophets told to pull their shorts up..

after 3 days of profit taking this afternoon has gone to positive from being down from the start.

double due to not showing the one before
used for a chart then

Is Tern PLC Heading To Zero? - By Motley Fool | Tue, 8th September 2015 - 12:57

Tern (LSE:TERN) invests in established, private software companies that operate in fast growing technology sectors and the company has become one of AIM's hottest stocks over the past few months.

Since the beginning of June Tern's share price has jumped by 170%, outperforming the wider FTSE AIM All-Share and AIM 100 indexes by more than 160%.

However, the company is shrouded in controversy, has a weak balance sheet and is still loss-making. What's more, according to my figures, after the company's recent placing Tern's book value or shareholder equity is around £1.5m, approximately 2.8p per share. So, the company is current trading at a price to book ratio of 7.9 -- a premium valuation for a loss-making company.

That being said, as an investment company, much of Tern's value is tied up in the company's investment portfolio.

Portfolio analysis
Tern's most significant investment is Cryptosoft. The company owns 100% of Cryptosoft, and this one investment accounts for 95% of Tern's potential portfolio return.

Tern's other investments are Flexian, Push Technology and Seal Software. The company owns between 1% and 0.5% of each of these businesses.

At the end of June, Tern valued its investment portfolio at £707k and since reporting this figure, the company has gone on to raise £720k before expenses through a placing of 6m new shares at 12p each. Management has stated that the cash will be used to provide additional finance for the existing portfolio, with the development of Cryptosoft being a top priority.

And according to Tern's press releases, Cryptosoft's product offering is already attracting significant interest. The company claims to be the only supplier with a peer-reviewed, market-proven software security product, for Internet of Things and Machine-to-Machine applications. Moreover, Cryptosoft is in the process of discussing major contract opportunities with potential UK and US customers.

However, Tern's management has warned that it may take several months before the first of these contracts is secured and revenues materialize.

Risky business
Even though Cryptosoft, Tern's largest investment, claims to have a one-of-a-kind product, there's nothing to stop competitors muscling in on the company's target market while it tries to secure contracts. The tech sector is notoriously competitive and firms need to have deep pockets to fend off the competition.

Unfortunately, Tern is strapped for cash. While the company may have just replenished its cash reserves via a placing, £720k before expenses is unlikely to be enough to help Cryptosoft repel larger competitors. With this being the case, I wouldn't rule out additional fundraisings and shareholder dilution in the near-future as Tern ploughs cash into its Cryptosoft subsidiary.

The bottom line
All in all, Tern should be viewed as a binary bet. If the company's Cryptosoft subsidiary makes it to the big time, the sky is the limit for Tern's shares. However, if Cryptosoft can't compete with its larger peers, Tern will struggle to survive

18.75p

Has reached bottom today with the intraday 17.25p, the retracement was a 61.8%, normally a bounce point, that so far has happened.


chart done yesterday

20.25p +1.125p

As expected has turn from red to BLUE

Have you notice on the trades front?
as it was moving higher the sell trades were less

since 12.44pm spread 18 v 18.75p

2 sell...........2 buys
3 sell...........5 buys
1 sell ..........7 buys
1 sell ..........5 buys
1 sell ..........9 buys
3 sells ........12 buys
at time 20.50 v 21p