There has been an expolential surge in the stock of cybersecurity since the WannaCry ramsomeware has hit at least 150 countries.
Cybersecurity stocks surged on Monday following a Friday cyberattack which hit at least 150 countries and affected computers in factories and hospitals.
"These attacks help focus the minds of chief technology officers across corporations to make sure security protocols are up to date, and you often see bookings growth at cybersecurity companies as a result," said Neil Campling, head of technology research at Northern Trust.
The share market of the cyber security stocks around the world were reported all time high after the WannaCry attack.
In London, the shares of Sophos(SOPH.L), a cloud network security firm saw a record high jump of more than 7 percent, and shares of NCC Group (NCCG.L), a security firm to rose 2.7 percent.
WHile in U.S FireEye (FEYE.O) saw the highest jump in its share value, and Symantec (SYMC.O) and Palo Alto Networks (PANW.N) rose around 3 percent.
The cyber security ETF (HACK.K) rose 3.3 percent.
According to the cyber security firm PGI, by 2020 there will be increase of 10 percent spending on cyber security protection by the companies in Britain and Europe.
"In many companies, there's been an increase in investment in IT but not in the security that sits around it, so this investment is likely to play a bit of catch-up," PGI report.
Cybersecurity stocks surged on Monday following a Friday cyberattack which hit at least 150 countries and affected computers in factories and hospitals.
"These attacks help focus the minds of chief technology officers across corporations to make sure security protocols are up to date, and you often see bookings growth at cybersecurity companies as a result," said Neil Campling, head of technology research at Northern Trust.
The share market of the cyber security stocks around the world were reported all time high after the WannaCry attack.
In London, the shares of Sophos(SOPH.L), a cloud network security firm saw a record high jump of more than 7 percent, and shares of NCC Group (NCCG.L), a security firm to rose 2.7 percent.
WHile in U.S FireEye (FEYE.O) saw the highest jump in its share value, and Symantec (SYMC.O) and Palo Alto Networks (PANW.N) rose around 3 percent.
The cyber security ETF (HACK.K) rose 3.3 percent.
According to the cyber security firm PGI, by 2020 there will be increase of 10 percent spending on cyber security protection by the companies in Britain and Europe.
"In many companies, there's been an increase in investment in IT but not in the security that sits around it, so this investment is likely to play a bit of catch-up," PGI report.