The WannaCry virus is huge news for cybersecurity stocks – and bitcoin

The WannaCry ransomware attack is a wake-up call. It has huge implications for cybersecurity – and for bitcoin. John Stepek explains why, and how to profit from improving computer security.

At the end of last week, the NHS was forced to delay operations and cancel appointments, as its systems were overwhelmed by a virulent and debilitating infection.

Things are calming down now, but dealing with the fallout and the rescheduling is likely to increase waiting times for appointments across the system.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.