The Trump administration is weighing a substantial shift to enlist private companies to assist with offensive cyberattacks, four former senior U.S. officials familiar with the matter told The New York Times’ Adam Sella. The government can currently contract private companies to develop elements of its cyberoperations, but the initiative would drastically expand the role of private companies in cyberwarfare, said the former officials, according to the report. Publicly traded companies in the cybersecurity space include Check Point (CHKP), CrowdStrike (CRWD), CyberArk (CYBR), F5 (FFIV), Fortinet (FTNT), Gen Digital (GEN), Okta (OKTA), Palo Alto Networks (PANW) and Qualys (QLYS).
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHKP:
- Morning Movers: Citi gains, Wells Fargo falls following quarterly results
- Check Point, Fortinet, Palo Alto have minimal China exposure, TD says
- Check Point upgraded to Overweight from Equal Weight at Stephens
- AVGO, PANW, FTNT: Cybersecurity Stocks Hit as China Cracks Down on U.S., Israeli Software
- Palo Alto, Fortinet among software companies banned in China, Reuters says