Monday is a day that Wall Street – and cybersecurity firms – are not likely to forget anytime soon.
With the twin threats of COVID-19 spreading throughout the world and oil prices plummeting nearly 34 percent due to a dispute between Saudi Arabia and Russia over production, Wall Street suffered its biggest loss in 12 years.
On Monday, the Dow lost more than 2,000 points, dropping 7.8 percent in one day, while the S&P 500 declined by approximately 7.6 percent, CNN reported. Oil prices also dropped to their lowest level since 1991.
