China’s NSFOCUS -- A Different Perspective on CyberSecurity
Welcome to another edition of PowerTalk. I’m your host Chris Versace, editor of the investment newsletter PowerTrend Profits and portfolio manager of the Thematic Growth Portfolio at Fabian Wealth Strategies, and these are my one-on-one conversations with the movers and shakers in the business world that take you behind the scenes and in the know. Be sure to check out ChrisVersace.com for more on PowerTrends and past editions of PowerTalk, as well as FabianWealth.com for more on my Thematic Growth Portfolio.
During the last year, we’ve had a number of guests come on PowerTalk to discuss the growing threat of cybersecurity. We’ve approached it from a number of angles, but no matter how you slice it, we all know the threat of cyber attacks is growing as we become an increasingly connected society.
This week on PowerTalk, we’re getting a different perspective on cyber attacks. No, I’m not talking with anyone from Anonymous or any other known hacking group. Rather, I’m talking with NSFOCUS, an enterprise grade network security company that is headquartered in Beijing, China. Now, much like me when I was first introduced to the company, you’re probably wondering, “based in China?” “Hasn’t that been a source of attacks?” and similar questions. Those were my first thoughts as well.
With operations in the United States, Japan, Europe, China, Southeast Asia and the Middle East serving telecom carriers, data centers, financial companies and Internet companies, NSFOCUS piqued my curiosity. I thought the company could offer a different perspective which could prove insightful. And it did.
Joining me on the program from NSFOCUS is Frank Ip, vice president of U.S. Operations for the company. During our time together, Frank addresses the notion of “it’s just China” and points out that in order to really address the threat of cyber attacks, the private sector, as well as cyber and network security companies, need to come together rather than rely on government-sponsored efforts.
Chris Versace is the editor of PowerTrend Brief — a FREE, weekly electronic newsletter. He also writes PowerTrend Profits, a paid monthly newsletter that helps individual investors profit through buying shares of companies poised to win big in the 8 PowerTrends, as well as writes the PowerTrader trading service that seeks to deliver short-term gains using stocks, ETFs and options. Chris has been ranked an All Star Analyst by Zacks Investment Research.