Personal Data Of Almost 3 Billion People Revealed In Hack, Lawsuit Filed
Portfolio Pulse from Michael Juliano
A massive data breach in April exposed the personal data of nearly 3 billion people, leading to a class action lawsuit against Jerico Pictures Inc., operating as National Public Data. The breach, allegedly conducted by the cybercriminal group USDoD, has significant implications for cybersecurity firms, which saw their stock prices rise in response.
August 07, 2024 | 5:00 pm
News sentiment analysis
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POSITIVE IMPACT
Global X Cybersecurity ETF went up 3.72% as the data breach news highlighted the importance of cybersecurity, driving up sector investments.
The breach underscores the importance of cybersecurity, benefiting ETFs like BUG that invest in this sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
First Trust NASDAQ Cybersecurity ETF moved up 2.39% as the data breach news boosted the overall cybersecurity sector.
The breach positively impacts the cybersecurity sector, benefiting ETFs like CIBR that track cybersecurity companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Cisco Systems, Inc. gained 1.4% to $45.79 following news of a massive data breach affecting nearly 3 billion people, highlighting the importance of cybersecurity solutions.
The data breach underscores the critical need for cybersecurity solutions, benefiting companies like Cisco that provide such services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amplify Cybersecurity ETF advanced 3.19% as the data breach news drove up interest in cybersecurity investments.
The breach boosts interest in cybersecurity investments, benefiting ETFs like HACK that focus on this sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
IShares Cybersecurity and Tech ETF gained 2.98% as the data breach news drove up demand for cybersecurity investments.
The breach increases demand for cybersecurity investments, benefiting ETFs like IHAK that focus on this sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Microsoft Corp saw a 2.29% increase to $408.76 as the data breach news drove up demand for cybersecurity solutions, including those offered by Microsoft.
The breach increases the demand for cybersecurity solutions, positively impacting companies like Microsoft that offer such services.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Palo Alto Networks, Inc. jumped 3.4% to $312.18 as investors reacted to the massive data breach, emphasizing the demand for advanced cybersecurity measures.
The breach highlights the need for advanced cybersecurity, benefiting companies like Palo Alto Networks that specialize in this area.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Wisdomtree Cybersecurity Fund leapt 4.22% as the data breach news significantly boosted the cybersecurity sector.
The breach significantly boosts the cybersecurity sector, benefiting ETFs like WCBR that invest in this area.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60