Updates from June, 2016 Toggle Comment Threads | Keyboard Shortcuts

  • jkabtech 5:16 am on June 22, 2016 Permalink |
    Tags: , , ,   

    Symantec to buy Blue Coat for $4.7 billion to boost enterprise unit 

    6:08 AM ETReutersSHARES

    Symantec to acquire Blue Coat for $4.6B

    The all-cash deal will boost the boost Symantec’s enterprise security business.

    Technology security firm Symantec said it would buy privately held cybersecurity company Blue Coat for $4.65 billion in a cash deal that will ramp up Symantec’s enterprise security business.

    Blue Coat helps protects companies’ web gateways from cyberattacks, a service that will complement Symantec’s existing offerings for large corporations such as email and endpoint security, Symantec executives said in an interview on Sunday.

    “Blue Coat brings capabilities from the web and for network-born threats, which combined with what we already offer will provide better protection for our customers,” said Ajei Gopal, Symantec’s interim president and chief operating officer.

    Symantec, which makes the Norton antivirus software, has been undergoing a transformation over the past year. It sold its data storage unit, Veritas, for $7.4 billion to a group led by Carlyle Group in January to gain the cash necessary turn around its core security software business.

    Chief Financial Officer Thomas Seifert said Symantec had been eyeing Blue Coat for a while and wanted to wait to have the separation of the Veritas unit behind the company before it made a move to buy it. He said the deal, which is expected to close in the third quarter, would be accretive immediately.

    By buying Blue Coat, 62 percent of Symantec’s revenue will now come from enterprise security, and it will be better positioned to compete with security players such as Palo Alto Networks, FireEye and Check Point Software Technologies. Symantec will now have $4.4 billion in combined revenue.

    While it is shifting to focus more on enterprise security, Symantec has no immediate plans to sell its consumer unit, Seifert, the CFO said, adding that it is a highly profitable part of the company.

    By buying Blue Coat, Symantec also solves a leadership issue, with Blue Coat CEO Greg Clark becoming Symantec’s CEO. Symantec’s previous CEO, Michael Brown, left in April after the company reported disappointing quarterly results.

    Blue Coat had been preparing an initial public offering for later this summer. Its sale marks a quick turnaround for its private equity owner, Bain Capital, which acquired Blue Coat Systems from fellow private-equity firm Thoma Bravo for $2.4 billion last year.

    “We enjoyed a very productive partnership, and are excited to be a significant investor in the future of Symantec as the leading cybersecurity company in the world,” Bain managing director David Humphrey said in a statement. Humphrey will join Symantec’s board as the firm agreed to invest $750 million in convertible notes.

    Technology-focused private-equity firm Silver Lake Partners also agreed to invest $500 million in convertible notes of Symantec, which doubles its investment in Symantec to $1 billion.

    Symantec financial advisers were JP Morgan, Barclays, Bank of America, Citigroup and Wells Fargo and its legal advisers were Fenwick & West and Simpson Thacher & Bartlett. Blue Coat’s financial advisers were Goldman Sachs, Morgan Stanley and Credit Suisse and its legal advisers were Ropes & Gray and Wilson Sonsini Goodrich & Rosati.

    The Wall Street Journal first reported news of the deal Sunday.

    Related SecuritiesSymbolPrice Change%ChangeSYMC— SHOW COMMENTSPlease add a username to view or add commentsPublic Username for Commenting

    JOIN THE DISCUSSIONTo learn more about how we use your information, please read ourPrivacy Policy and Terms of Service. Binge ‘House of Cards’ isn’t the most binge-worthy show on Netflix, apparentlyBinge-watching is TV’s new ‘Wild West,’ Bravo’s Andy Cohen saysMarathon magic: Binge-watching helps shows grow fan basesContinue watching? Of course: Americans make time to binge-watchWatch Season 1 of ‘Binge’

    View the Original article

  • jkabtech 5:01 am on June 22, 2016 Permalink |
    Tags: $4.65B, acquisition, , rallies, ,   

    Symantec stock rallies after $4.65B acquisition 

    Getty ImagesA senior lab systems engineer for Symantec Corp., works on network servers at the company’s headquarters in Mountain View, California.

    Symantec’s stock rose over 5 percent Monday after the company announced it will acquire privately-held cybersecurity firm Blue Coat for $4.65 billion.

    The transaction is expected to close by the end of the third quarter, after which Blue Coat CEO Greg Clark will be appointed chief executive of Symantec.

    “With employees of Blue Coat and Symantec coming together, we will be well positioned to drive meaningful growth and push the boundaries of innovation. I am very excited about the opportunity to join Symantec as CEO and look forward to working with the strongest, deepest team in security to realize the many strategic and financial benefits this transaction will create,” Clark said in a statement.

    Despite Monday’s pop, Symantec shares remained 13 percent lower year to date.

    Symantec 1-year performance

    View the Original article

  • jkabtech 4:46 am on June 22, 2016 Permalink |
    Tags: , , , sought, , , wire-transfer   

    Hackers sought to steal over $3 billion through wire-transfer fraud: FBI 

    Getty Images

    Hackers have sought to steal more than $3 billion from businesses in a pernicious, fast-growing type of scam in which criminals impersonate company executives in emails ordering large wire transfers, the Federal Bureau of Investigation warned on Tuesday.

    The FBI disclosed the data as it launched a public awareness campaign providing tips on how to defend against such scams. The cases, which are widely known as business email compromise, target businesses and not consumers.

    U.S. and foreign victims reported 22,143 cases involving business email compromise cases in which cyber criminals sent requests for some $3.1 billion in fraudulent transfers from October 2013 through last month, according to the FBI. That represents a significant increase from the agency’s previous tally, which put attempted losses at $2.3 billion through February of this year.

    Supervisory Special Agent Mitchell Thompson said victims should notify the FBI immediately if they find they have been victimized in such scams, so the bureau can work with agents overseas to ask foreign banks to freeze the funds before fraudsters pull them out of the banking system.

    “The sooner somebody reports this to the FBI, the better the possibility they can get their money back,” he said at a news conference in New York.

    The bulk of the cases involved requests to transfer funds to banks in Hong Kong and China, though a total of 79 countries have been identified to date, according to the bureau.

    Thompson said he could not say how much money victims actually lost through the schemes, but said about one in four U.S. victims respond by wiring money to fraudsters.

    The FBI said the sharp jump in cases since its last tally was due to the high level of recent activity, as well as an effort by law enforcement agencies around the world to identify such scams as business email compromise, rather than generic wire fraud.

    The FBI said it has seen a 1,300 percent increase in identified exposed losses since January 2015.
    The size of the losses vary widely from case to case, from about $10,000 to tens of millions of dollars, according to Thompson.

    Austrian aircraft parts FACC said in January that it lost about 50 million euros ($55 million) through such a scam.

    SHOW COMMENTSPlease add a username to view or add commentsPublic Username for Commenting

    JOIN THE DISCUSSIONTo learn more about how we use your information, please read ourPrivacy Policy and Terms of Service.

    View the Original article

  • jkabtech 4:31 am on June 22, 2016 Permalink |
    Tags: , , , ,   

    Your smartphone could be hacked without your knowledge 

    1:50 PM ETCNBC.comSHARES

    Hacking your smartphone

    The majority of smartphone users unknowingly give hackers access to their phones by doing this one thing. CNBC’s Andrea Day explains.

    Not only can your smartphone be hacked, it can be done very easily without your knowledge.

    “At the end of the day, everything is hackable. What I am surprised about is that people sometimes forget that it’s so easy to hack into these devices,” said Adi Sharabani, the co-founder of mobile security company Skycure, who used to work for Israeli Intelligence.

    Even if a malicious attacker cannot get into your phone, they can try to get the sensitive data stored inside, including contacts, places visited and e-mails.

    “It’s important to realize that the services your smartphone relies on are much more attractive target to attackers. So for example, the photo leak that happened from iCloud where a bunch of celebrities had their photos posted all over the Internet is the perfect example,” said Alex McGeorge, the head of threat intelligence at cybersecurity company Immunity, Inc.

    Often, the hack or data breach occurs without the consumer’s knowledge, according to Sharabani.

    And it’s not just consumers that criminals target. With the rise of smartphones and tablets in the workplace, hackers attempt to attack enterprises through vulnerabilities in mobile devices.

    Both Sharabani and McGeorge perform attack simulations for clients and find that these hacking demonstrations usually go undetected.

    “It’s usually very rare that a breach that originated through a mobile device or is just contained to a mobile device is likely to be detected by a corporation’s incident response team,” McGeorge said.

    And Sharibani agrees. He says he’s still waiting for someone to call him and say that their IT department identified the attack demonstration.

    “No one knows,” he said. “And the fact that organizations do not know how many of their mobile devices encountered an attack in the last month is a problem.”

    Read MoreCost of data breaches hits $4 million on average: IBM

    But there is a silver lining, according to the wireless industry.

    “The U.S. has one of the lowest malware infection rate in the world thanks to the entire wireless ecosystem working together and individually to vigilantly protect consumers,” said John Marinho, vice president of technology & cybersecurity at CTIA, the wireless association. CTIA is an industry group which represents both phone carriers and manufacturers.

    Here are the three ways a smartphone is most likely to be breached.

    View the Original article

  • jkabtech 4:16 am on June 22, 2016 Permalink |
    Tags: Costolo, , ,   

    Former Twitter CEO Dick Costolo was hacked 

    5:46 AM ETRecodeSHARES

    Even the former CEO of Twitter isn’t protected from the occasional security hack. Earlier this afternoon, three tweets were sent from Dick Costolo’s account claiming to be from a group called OurMine.

    The tweets have since been deleted and the Twitter account belonging to OurMine has been suspended.

    More from Recode:
    Why blockchains can be really bad. Or: How techno-futurists can ruin things.
    Capital Gains: Gargantuan late-stage funding rounds are the new black, I guess
    New York’s newest ride-hail app is feeding off of drivers’ desperation

    However, according to Costolo, it wasn’t his Twitter account that was hacked.

    Dick Costolo tweet

    View the Original article

  • jkabtech 5:46 am on June 12, 2016 Permalink |
    Tags: , HandyLinux,   

    Distribution Release: HandyLinux 2.5 

    The HandyLinux distribution, a user-friendly French distribution based on Debian, has released an update to the project’s 2.x series. The new version, HandyLinux 2.5, offers mostly minor updates and bug fixes and is based on Debian 8.5. An English translation of the project’s release announcement lists the changes in 2.5: “Update the base to Debian 8.5. Update Firefox to version 47. Setting up a hosting service images. Everything is hosted on servers controlled by HandyLinux to avoid some risky images on other services. Update Thunar custom actions. Update Handysoft by Thuban (mainly bug fixes and better management of search). Added translations for Handysoft by the distribution Emmabuntüs. Thanks to them! Added Xfwm4 theme (window borders)…” Download: handylinux-2.5-amd64.iso (1,211MB, MD5, torrent, pkglist).
    Recent Related News and Releases  • 2016-06-11:
     • 2016-01-24: Distribution Release: HandyLinux 2.3
     • 2015-09-06: Distribution Release: HandyLinux 2.2
     • 2015-05-16: Distribution Release: HandyLinux 2.0
     • 2015-04-11: Distribution Release: HandyLinux 1.9
     • 2015-02-03: Development Release: HandyLinux 2.0 Alpha 1

     • More HandyLinux news…
    About HandyLinux HandyLinux is a French distribution designed for novice Linux users. It is based on the latest stable version of Debian GNU/Linux and it uses the Xfce desktop environment. The main feature of the distribution is a custom start menu with applications and Internet bookmarks grouped in tabs. HandyLinux integrates the latest versions of the Chromium web browser, LibreOffice office suite, Skype conferencing and messaging client, VLC video player and other popular applications with the stable Debian base.
    HandyLinux Summary Distribution HandyLinux Home Page http://handylinux.org/ Mailing Lists — User Forums http://forum.handylinux.org/ Alternative User Forums LinuxQuestions.org Documentation https://handylinux.org/wiki/doku.php/fr/start
    http://tutos.handylinux.org/ Screenshots http://wallpapers.handylinux.org/Screenshots/ • LinuxQuestions.org • LinuxScreenshots.org • DistroWatch Gallery Screencasts LinuxQuestions.org Download Mirrors http://wiki.handylinux.org/doku.php/en/downloadhttp://arpinux.org/isos/handylinux/ftp://download.tuxfamily.org/handylinux/ • LinuxTracker.org Bug Tracker — Related Websites Wikipedia Reviews 2.x: Frederic Bezies (French)
    1.x: Frederic Bezies (French) • Frederic Bezies (French) • Everyday Linux User • DistroWatch Where To Buy OSDisc.com (sponsored link)

    View the Original article

  • jkabtech 5:31 am on June 12, 2016 Permalink |
    Tags: believe, , ,   

    You won’t believe who is responsible for 50% of hacks 

    View the Original article

  • jkabtech 5:16 am on June 12, 2016 Permalink |
    Tags: , chose,   

    Why Twitter chose to do battle with the CIA 

    11:47 AM ETCNBC.comSHARES

    The dispute between Twitter and the U.S. intelligence industry that broke into public view this week actually began as long ago as last fall, sources familiar with the matter tell CNBC.

    The Wall Street Journal reported this week that Twitter has cut off U.S. intelligence agencies from a service that sifts through the entire output of Twitter’s social media postings. That comes as Silicon Valley and the U.S. government have been engaged in a heated dispute over the degree to which American tech companies should cooperate with U.S. law enforcement and intelligence agencies, such as the FBI and CIA.

    It has not been clear exactly which entity in the vast U.S. intelligence apparatus was involved in the dispute with Twitter, but sources tell CNBC that it was a division of the CIA known as Open Source Enterprise. According to the CIA’s website, that unit is a part of the CIA’s directorate of digital innovation. It was created in the wake of recommendations by both the 9-11 Commission and the Iraq Weapons of Mass Destruction Commission that CIA focus more effort on gathering “open source” information

    View the Original article

  • jkabtech 5:01 am on June 12, 2016 Permalink |
    Tags: cyberattacks, , , , , Treasury   

    Swift cyberattacks a big deal: Former Treasury official 

    itemsPerPage:1 ,itemsPerTransition:1 ,speed:500 ,swipable:true ,nextPrevLinks:true ,container: ‘multi_promo_103635004_1’ ,currentNodeClass: ‘currentNode’ ,lazyLoad: false ,lazyLoadNext: false,responsive:false

    View the Original article

  • jkabtech 4:46 am on June 12, 2016 Permalink |
    Tags: , fought, Vietnam   

    Vietnam bank says it fought off $1M cyberattack 

    itemsPerPage:1 ,itemsPerTransition:1 ,speed:500 ,swipable:true ,nextPrevLinks:true ,container: ‘multi_promo_103637015_3’ ,currentNodeClass: ‘currentNode’ ,lazyLoad: false ,lazyLoadNext: false,responsive:false

    View the Original article

  • jkabtech 4:31 am on June 12, 2016 Permalink |
    Tags: checking, , , , , threats   

    China is checking US tech products for potential security threats 

    View the Original article

  • jkabtech 4:16 am on June 12, 2016 Permalink |
    Tags: , , ,   

    SEC says cybersecurity biggest risk to financial system 

    7:36 AM ETReutersSHARES

    Cybersecurity is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks.

    Banks around the world have been rattled by a $81 million cybertheft from the Bangladesh central bank that was funneled through SWIFT, a member-owned industry cooperative that handles the bulk of cross-border payment instructions between banks.

    The SEC, which regulates securities markets, has found some major exchanges, dark pools and clearing houses did not have cyberpolicies in place that matched the sort of risks they faced, SEC Chair Mary Jo White told the Reuters Financial Regulation Summit in Washington D.C.

    “What we found, as a general matter so far, is a lot of preparedness, a lot of awareness but also their policies and procedures are not tailored to their particular risks,” she said.

    View the Original article

  • jkabtech 4:01 am on June 12, 2016 Permalink |
    Tags: Bangladesh, hack, , ,   

    At time of Fed hack, Bank of Bangladesh targeted by others: Source 

    View the Original article

  • jkabtech 3:46 am on June 12, 2016 Permalink |
    Tags: , darknet, drugs, , ,   

    Hit men, drugs and malicious teens: the darknet is going mainstream 

    7:30 AM ETSHARES

    The darknet is going mainstream and malicious teens are a part of it

    The darknet is exploding in popularity among criminals. Cybercrime is big business and projected to grow to $600 billion this year, outpacing the drug trade.

    Surfing the darknet

    View the Original article

  • jkabtech 3:31 am on June 12, 2016 Permalink |
    Tags: compromised, invalidates, , , ,   

    LinkedIn invalidates millions of potentially compromised passwords 

    View the Original article

  • jkabtech 3:16 am on June 12, 2016 Permalink |
    Tags: , , , , ,   

    SWIFT tells banks to share information on hacks 

    8:34 AM ETReutersSHARES

    International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hackings, after criminals used SWIFT messages to steal $81 million from the Bangladesh central bank.

    Earlier on Friday Reuters reported that Wells Fargo, Ecuador’s Banco del Austro and Citibank, whose Managing Director, Franchise Risk & Strategy, Yawar Shah, is SWIFT’s Chairman, did not inform SWIFT of an attack last year in which over $12 million was stolen from BDA.

    The banks and Shah all declined to comment.

    View the Original article

  • jkabtech 3:01 am on June 12, 2016 Permalink |
    Tags: , schools, , who's   

    Who’s hacking schools now? The students 

    HOMEEDITIONNewsEconomyFinanceHealth CareReal EstateWealthAutosEarningsEnergyLifeMediaPoliticsRetailCommentarySpecial ReportsAsiaEuropeCFO CouncilMarketsPre-MarketsU.S.AsiaEuropeStocksCommoditiesCurrenciesBondsFundsETFsInvestingTrading NationFinancial AdvisorsPersonal FinanceCNBC ExplainsPortfolioWatchlistStock ScreenerFund ScreenerTechRecodeMobileSocial MediaEnterpriseGamingCybersecurityMake ItInspireGuideIn DepthAttendVideoTop VideoLatest VideoU.S. VideoAsia VideoEurope VideoCEO InterviewsAnalyst InterviewsFull EpisodesShowsWatch LiveCNBC U.S.CNBC Asia-PacificCNBC EuropeCNBC WorldFull EpisodesPrimetimePrimeMoreLog In

    View the Original article

  • jkabtech 2:46 am on June 12, 2016 Permalink |
    Tags: , presidency, , Start-up, , vArmour   

    Fear of Trump presidency led start-up vArmour to raise millions now 

    View the Original article

  • jkabtech 2:31 am on June 12, 2016 Permalink |
    Tags: , , ,   

    CNBC gets swift boot by money transfer group Swift 

    View the Original article

  • jkabtech 2:16 am on June 12, 2016 Permalink |
    Tags: , , gaining,   

    How are hackers gaining access into banks? 

    View the Original article

Compose new post
Next post/Next comment
Previous post/Previous comment
Show/Hide comments
Go to top
Go to login
Show/Hide help
shift + esc
%d bloggers like this: