As the Hack Goes, So Goes Wall Street

Cybersecurity stocks rose on Friday in the wake of the massive digital theft of federal workers’ records. Numerous security firms and cyber funds experienced market bumps a day after the Office of Personnel Management (OPM) announced that hackers had scooped up roughly 4 million employees’ data.

Security has become big business on Wall Street at hackers continue to crack the cyber defenses of retailers, banks and government agencies.

Gartner analysts project $77 billion will be spent on cybersecurity this year alone.

(The Hill)