Cybersecurity

A barrage of damaging cyber attacks has shaken up the security industry, and traders in the options market are betting on cyber security companies benefiting from increased spending as governments and businesses boost security.

Cyber security has become a major concern for U.S. firms with recent high profile data breaches reported at Sony Pictures Entertainment, Target Corp, Home Depot Inc, and most recently at health insurer Anthem Inc.

Analysts see Cyber security companies FireEye Inc and CyberArk Software Ltd benefiting from increased spending on security.

Options traders bet on growing U.S. demand for cyber security