Source: The Economic Times
Cybersecurity companies such as Sourcefire and Websense have become Wall Street’s names to watch after a recent wave of hacking attacks against global agencies and companies.
Recent cyber attacks on multinational firms and institutions, from Google and Citigroup to the International Monetary Fund, have raised fears that governments and the private sector are ill-prepared to beat off hackers.
“There is absolutely no question that this (sector) is going to be at the focal point in the future in terms of investments. Everyone is showing a lot of interest,” said Robert Francello, head of equity trading at Apex Capital in San Francisco.
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Are cybersecurity firms new Wall Street darling?
Published: June 15, 2011