PANW - With cybersecurity a likely Biden priority Wedbush picks names to benefit from secular trends
The quickly arriving onset of the Joe Biden administration likely means quick action on cybersecurity, Wedbush says - with policies that surely have an impact on its coverage in the sector. Several initiatives are surely on the way that will have major implications for technology and for electric vehicles, the firm says, but cybersecurity will be a key focus particularly coming off the SolarWinds attack ("what looks like the biggest hack in the history of the U.S. government" ... a "black eye" event that Biden could use to "rethink the scale and scope of federal cybersecurity in the coming years"). President-elect Biden tapped longtime intelligence official Anne Neuberger as deputy national security adviser for cybersecurity - a new role at the White House, Wedbush notes, signaling more coordination within the Beltway. The SolarWinds breach is a particular game changer especially as more government data moves to the cloud, via the
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With cybersecurity a likely Biden priority, Wedbush picks names to benefit from secular trends