Surfilter Network Technology Co. jumped to a record as Chinese Internet security companies rallied on speculation they will benefit from increased demand to protect domestic computer networks.
President Xi Jinping pledged to turn China into a cyber power after presiding over a meeting of a new high-level group set up to coordinate and develop policy on Internet security.
Banks and other financial institutions should take steps to patch their computer systems as soon as possible to prevent attacks that exploit the Heartbleed Internet-security flaw, U.S. agencies said.
After Cisco Systems Inc. paid the highest multiple since 2002 for Sourcefire Inc., investors are betting other Internet security providers such as Fortinet Inc. can also win premium valuations in a sale.
Bloomberg Law Brief: The Case Against Foreign Hackers (Audio)
Bloomberg Law: The Case Against Foreign Hackers (Audio)