Published on August 20th, 2019 📆 | 2136 Views ⚑0
Chasing Markets | An Entire Nation Just Got Hacked
Cybersecurity stocks could see a boost following this news, including FireEye FEYE , Symantec Corporation (NASDAQ:SYMC], and CyberArk CYBR .
‘Data breaches used to be spearheaded by highly skilled hackers. But it increasingly doesn’t take a sophisticated and carefully planned operation to break into IT systems. Hacking tools and malware that are available on the dark web make it possible for amateur hackers to cause enormous damage. A strict data protection law that came into effect last year across the European Union has placed new burdens on anyone who collects and stores personal data. It also introduced hefty fines for anyone who mismanages data, potentially opening the door for the Bulgarian government to fine itself for the breach.’
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