5 Stocks That Moved On Report Of Cyberattack On Ukraine's National Internet Provider

Ukrtelecom, a Ukrainian telecommunications company, said it was hit with a cyberattack on Monday that sent the company’s services down across the entire country.

What Happened: Cybersecurity watchdog NetBlocks posted data via Twitter that showed the real-time network connectivity had fallen to 13% of pre-war levels.

NetBlocks later confirmed the cyberattack, saying: “Update: Ukraine's national internet provider Ukrtelecom has confirmed a cyberattack on its core infrastructure.

"Real-time network data show an ongoing and intensifying nation-scale disruption to service, which is the most severe registered since the invasion by Russia.”

Why It Matters: Last week, President Joe Biden said his administration gathered intelligence suggesting Russia could be planning a cyberattack on the United States. He urged private cybersecurity companies to bulk up their technological capacities in the case of an attack.

The following low float cybersecurity stocks spiked, sensitive to the news: