The Russian invasion of Ukraine not only threatens to upend the world geopolitical order, it’s also affecting several different business sectors, notably cybersecurity.
For days before and even during the invasion, several Ukrainian government and financial sites experienced hacks and disruptions. There have been reports that the FBI has also asked U.S. businesses to be on the watch for ransomware attacks as tensions in Eastern Europe boil over.
Investors may have been taking note. Even as the market tumbled early Thursday after the assault, several publicly traded cyber stocks were seeing significant upticks in their stock prices, including Mandiant, CrowdStrike and Palo Alto Networks.
However, it’s not just public companies that investors have shown love. Despite a record-breaking year for venture capital investment in 2021, this year is off to an even better start—buoyed by an exceptionally strong February.
Cybersecurity investment rises amid Russian invasion of UkraineRead More
