This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cyber Attack Raises Stakes for Tech

The cyber attack that recently hammered Web sites in the U.S. and South Korea underlines the massive threat still posed by hackers and viruses, even in an era of sophisticated computer security.

The denial-of-service attack tried to bring down the likes of the New York Stock Exchange and White House Web sites by bombarding them with requests from more than 100,000 infected computers dotted around the globe. This is not exactly a new phenomenon, although the scale and length of the assault was unusual, as government departments and federal agencies faced a sustained online onslaught.

By shining a spotlight on the gaps in PC security, though, the cyber attack could have major ramifications for the likes of Symantec (SYMC), McAfee (MFE) and Microsoft (MSFT), which is quietly planning its own security revolution. Later this year, Microsoft will offer Security Essentials, a free consumer anti-virus product -- a major departure in a market driven by software subscriptions.

"We need home users to get decent protection on their computers," explains Graham Cluley, senior technology consultant for U.K.-based cyber security specialist Sophos. "That's one of the reasons why Microsoft is going to offer anti-virus software for free."

Symantec, which is making major enhancements to its paid-for Norton products, and McAfee, which is one of's top tech picks for 2009, will soon be confronted with a very different competitive landscape.

"I would imagine that there will be some sleepless nights at McAfee and Symantec because Microsoft has amazing brand recognition," says Cluley. "In my mind, Microsoft coming out with free anti-virus software is very good because it cleans up more computers."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs