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  • jkabtech 4:17 am on May 2, 2018 Permalink | Reply
    Tags: , Dell, firms, ,   

    Toshiba Chip Deal: Bain Says Dell, Other Firms Join Its Bid 

    Bain Capital, now in the lead to buy Toshiba’s prized memory chip unit, said on Friday it has brought in Dell and other tech firms as new members of its consortium to bolster its bid.

    Toshiba said this week it has agreed to focus on selling the world’s No. 2 NAND producer to a group led by Bain and South Korean chipmaker SK Hynix Inc but it did not rule out a deal with other suitors including Western Digital.

    Sources have said that the Bain group also included Apple and the offer was worth JPY 2.4 trillion ($22 billion), including a JPY 200 billion investment in infrastructure.

    The US private equity firm said in a statement that in addition to Apple, other members also included Dell, memory product maker Kingston Technology and data storage firm Seagate Technology “who will provide capital in a sign of industry-wide support for an independent Toshiba”.

    It did not give a breakdown of how much each firm was prepared to invest.

    Addressing opposition from Toshiba’s joint venture partner Western Digital, which argues any deal will need its consent, Bain said it would honour “all the contractual terms of the Western Digital joint venture”.

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  • jkabtech 4:17 am on December 7, 2017 Permalink | Reply
    Tags: defunct, firms, investigates   

    OAIC investigates defunct firm’s data leak in Qld, NT 

    About 4000 people impacted.

    A defunct consumer lessor that operated in Queensland and the Northern Territory is being investigated by Australia’s privacy regulator over an alleged data breach.

    Amazing Rentals, which offered consumer leases for household items through three stores in Darwin, Toowoomba and Caboolture prior to ceasing trading, is said to have left information supplied by 4000 customers online.

    The information included identity documents, credit application forms, Centrelink documents and bank statements.

    A spokesperson for the Office of the Australian Information Commissioner (OAIC) told iTnews that 2300 people in Toowoomba and Caboolture were affected, along with a further 1700 in the Northern Territory.

    OAIC has already moved to shut down the page, and is currently investigating whether any of the information was misused while it was available online.

    “Right now, all previous customers are encouraged to take proactive steps to protect their personal information and prevent ID theft,” it said in a statement.

    “While we do not know if information that was available on the website has been misused, we are encouraging former customers of Amazing Rentals to be alert to the possibility of identity fraud and take some basic precautions.”

    The Australian Securities and Investments Commission has previously investigated the company over concerns about its compliance with credit legislation.

    The company avoided prosecution at the time by entering into an enforceable undertaking agreement with ASIC requiring its Darwin store to cease operations for a period of 12 months.

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  • jkabtech 7:06 am on April 29, 2016 Permalink | Reply
    Tags: , , firms, , spiked   

    This firm’s shares spiked 20% on Apple vs FBI fight 

    Apple-FBI fight caused a 20% spike in this firm’s shares .top-news-item, .top-news .filmstrip .headline a, .downArrowTabs .tabContents li:first-child,.big-stories h4

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  • jkabtech 10:00 pm on February 26, 2016 Permalink | Reply
    Tags: cybercrime, firms, ,   

    Third of global firms now hit by cybercrime 

    Thursday, 25 Feb 2016 | 8:06 AM ETCNBC.com

    Economic crime is on the rise, with cybercrime affecting almost a third of global businesses, according to the latest survey by audit firm PwC.

    In the last two years, 36 percent of organizations surveyed experienced economic crime, the Global Economic Crime Survey revealed on Thursday. The most common forms of economic crime were asset misappropriation, cybercrime, and bribery or corruption.

    The rate of economic crime rose in Africa, Western Europe and the Middle East, while 14 percent of total respondents said they had lost more than $1 million as a result of crime in the last two years.

    Hlib Shabashnyi | Getty Images

    The environment for economic crime is becoming increasingly complex as the cost of crime rises, according to Andrew Gordon, global leader of forensic services at PwC.

    “Too few companies are adapting their risk assessments and control frameworks fast enough,” he said in a press release.

    “Action on economic crime is not the responsibility of one person or team, it must be embedded within an organizations’ culture.”

    More worryingly, PwC found corporations are becoming less effective at dealing with crime.

    “Often the response to a threat is taking more control. But our report shows that corporate control environments are 7 percent less effective in detecting and preventing economic crime than they were two years ago,” said Trevor White, PwC’s survey leader, in a press release.

    “Tackling economic crime means a strong culture and ethics focus as well as effective monitoring and compliance programs.”

    Incidents of cybercrime rose to 32 percent compared to 24 percent in 2014. More than a third of organisations (34 percent) feared they would experience cybercrime in the next two years.

    Security company Palo Alto Networks stressed the need for robust defences and precautions to deter criminals.

    According to the company, almost 60 percent of threats can be eliminated if businesses can increase how long it takes for someone to complete an attack.

    “A prevention-first attitude can slow down a cyberattacker enough for them to abandon the attack in favour of an easier target,” said Greg Day, CSO of EMEA at Palo Alto Networks, in a press release.

    “Ultimately, the adoption of a prevention-first mind-set will make it economically unviable for criminals to attack a business.”

    PwC’s bi-annual survey spoke to more than 6,000 people in 115 countries across all sectors of the economy using an online questionnaire. Most of the respondents were at board level or were heads of department.

    Follow CNBC International on Twitter and Facebook.

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