Splunk: A Great Stock to Defend Against Ransomware

Splunk Inc. (NASDAQ: SPLK) recently announced a new product focused on smaller organizations. Splunk Insights for Ransomware, aimed at fighting a global problem that has organizations throughout the world on edge. Previously ransomware attacks were focused on individuals. Now hospitals, companies, and schools are facing the cyber threat and Splunk is coming to the rescue. In 2016 alone a reported $1 billion was collected by cyber criminals through ransomware.

Splunk is known for its real-time operational intelligence software allowing customers to make sense from data that, simply put, is unstructured and otherwise would not make sense. A great product to work in concert with the big data produced by the Internet of Things.

The real-time attribute is an essential element of Splunk's ransomware protection software as it enables technology departments to analyze, detect, and prevent ransomware from infecting its organization's machines before the damage is done.

Source: Fool.com