Cyber Security Stocks Surge

Cyber security stocks surged in early London trading Monday as investors bet that the digital security industry would have the last laugh in the wake of Friday's ransomware attacks.

Sophos Group (SPHHF)  saw its stock rise by more than 7.4% to a new all time high of 367.9 pence each by 13:00 BST, bringing the year to date gain for the shares to more than 40%.

The London-listed company provides cyber security software solutions to small and medium sized businesses as well as public sector organizations.

Among other things, it offers an advanced server protection product which enables client companies to lock down all of their servers with a single click when a security breach has been detected.

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This article was written by a staff member of TheStreet.