New York — Call it the flight to cyber-safety. After a wave of global online attacks over the weekend, companies, such as FireEye, that provide software security services gained on Monday on speculation that the exposed weaknesses may trigger a surge in security spending. The $967m PureFunds ISE Cyber Security ETF, or HACK, jumped the most in six months. The malware unleashed late last week used a technique purportedly stolen from the US National Security Agency. It’s affecting companies, including FedEx and government agencies such as the UK’s National Health Service. More than 200,000 computers in at least 150 countries have been infected, according to Europol, the EU’s law enforcement agency. Last Thursday, President Donald Trump signed an executive order to focus attention on cyber-security improvements. Along with the attack, "we see both of these events as incrementally positive for cyber-security spend," Pierre Ferragu, an analyst at Sanford C Bernstein & Co, wrote in a note ...
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