APC Australia

WannaCry causes cyber security and insurance companies’ stocks to rise

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While it’s still a bit early to deduce the full scope of WannaCry’s negative financial impact, many are already reassessin­g their own security measures and seeking insurance claims, leading investors to look more attentivel­y at the cyber-security market. Both BlackBerry Cybersecur­ity Services and FireEye saw 7% surges in stocks in May, indicating that people’s digital security awareness has been heightened — potentiall­y the only upside to the attack.

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