Ransomware is a type of malicious software that carries out the extortion attack from cryptovirology that blocks access to data until a ransom is paid and displays a message requesting payment to unlock it. Simple ransomware may lock the system in a way which is not difficult for a knowledgeable person to reverse. More advanced malware encrypts the victim’s files, making them inaccessible, and demands a ransom payment to decrypt them. A total of 150 countries have been affected in the past 72 hours.
Oppenheimer notes that according to media reports, a global ransomware attack was launched and infected up to 200,000 computers in at least 150 countries on Friday.
The analyst believes the “biggest ransomware outbreak ever” could serve as a wake-up call for many organizations and countries delaying a review of their cybersecurity hygiene.
In that regard, the analyst believes all cybersecurity vendors under his coverage, namely #Check Point $CHKP , CyberArk $CYBR , Fortinet $FTNT , Imperva $IMPV , Mimecast $MIME , Palo Alto Networks $PANW , #Splunk $SPLK , #Symantec $SYMC , #Verint $VRNT , but most notably #FireEye $FEYE , are poised for increased demand, particularly in the Europe, Mideast and Africa region where the attacks were largely focused.
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