PANW - FireEye stock leads security names higher after latest ransomware attack

da-kuk/E+ via Getty Images The ETFMG Prime Cyber Security ETF (HACK) is trading up 1% versus the 0.4% gain for the broader tech sector (XLK) following a ransomware attack at U.S. IT firm Kaseya, which has impacted up to 1,500 organizations around the world.  Stocks on the move include FireEye ([[FEYE]] +4.1%), CyberARk ([[CYBR]] +3.8%), and Palo Alto Networks ([[PANW]] +4.3%), McAfee ([[MCFE]] +1.3%), NortonLifeLock ([[NLOK]] +1.6%). The hackers, Russia-linked group REvil, have demanded $70M to restore data to the companies hit in the attack. The total is a hefty premium to the $11M paid by meatpacker and the $4.4M payment from Colonial Pipeline, which was able to recover $2.3M with the aid of the U.S. government. Government agencies and security researchers recommend against ransom payments, which motivate further attacks and rarely result in fully restored data. In its The State of Ransomware 2021 survey, security firm Sophos found that an

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FireEye stock leads security names higher after latest ransomware attack