06-15-2015, 11:03 AM
Since the beginning of 2015, numerous data breaches at high-profile business houses and government agencies prompted the need to impose tighter security measures, which in turn boosted the cyber security stocks. On Jun 5, these stocks gained further momentum on news that nearly every government agency’s personnel data has been hacked. The latest data breach was reported late the previous day by the Office of Personnel Management (OPM), a U.S. federal agency that keeps employee information and handles security clearances. Per the agency, nearly 4 million current and former federal U.S. employees’ personal data has been compromised.