Cybersecurity Stocks Shoot Up On Petya Ransomware Attack

 | Jun 28, 2017 09:24PM ET

Just a month after the WannaCrypt or WannaCry attack, the world was hit with another ransomware attack on Jun 27. Initially hitting Ukraine, this new ransomware attack has spread to 64 countries, so far, across Europe, Asia, North and South America, according to Microsoft (NASDAQ:MSFT) .

Known as Petya, the malicious software reportedly seized the control of computers and encrypted files with a password which only hackers have access to. After that, victims were asked to pay ransom in order to regain control of their systems. The hackers demanded ransom in bitcoin.

It came a month after the Zacks Investment Research

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