Cybersecurity
JPMorgan-to-Apple Data Scares Spur Israeli Stock’s Surge
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With each successive data breach scare that’s hit corporate America in recent weeks, from JPMorgan Chase & Co. to Apple Inc. and then Home Depot Inc., the shares of an Israeli cyber-security giant have bounced higher.
Check Point Software Technologies Ltd., the world’s second-largest network security company, reached a 13-year high of $71.99 on Sept. 5 as investors anticipated the spate of cyber-attacks will fuel demand for its services. The stock climbed 1.4 percent last week, extending its four-week rally in New York trading to 9.4 percent.