(Reuters) – FireEye Inc (FEYE.O: Quote, Profile, Research, Stock Buzz) shares lost a quarter of their value Thursday as the cyber security firm that was once a darling of Wall Street missed quarterly forecasts and cut its outlook, saying reduced Chinese hacking had hurt demand.
At least 11 brokerages cut FireEye stock targets, pushing the median target to $32 from $54.50.
By Jim Finkle
(Reuters) – Silicon Valley computer security startup vArmour has hired former senior U.S. Department of Homeland Security official Mark Weatherford as its chief cyber security strategist.
Weatherford, who served as President Barack Obama’s first Homeland Security deputy under secretary for cyber security, started on Monday at the maker of software that secures traffic across data centers and cloud platforms.
BOSTON (Reuters) – Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud.
But they are being resisted by the banking industry, which sees no need to invest further in PIN technology, already used with debit cards, resulting in halting adoption and widespread confusion.
(Reuters) – Computer-maker Dell Inc struck a deal on Monday
to buy data storage company EMC Corp for $67 billion,
setting a record in the technology industry, as it tries to
transform itself into a giant in the fast-growing market for
managing and storing corporate data.
The acquisition, the year’s third-largest in all sectors,
highlights the frenzy of dealmaking sweeping the economy, as big
or mature companies take advantage of low interest rates to buy
rivals as a way to spur growth.
(Reuters) – Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse.
The acquisition will help privately held Dell diversify from a stagnant personal-computer market and give it greater scale in the more profitable and faster-growing market for managing and storing data.
BOSTON (Reuters) – A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover.
On top of rate hikes, insurers are raising deductibles and in some cases limiting the amount of coverage to $100 million, leaving many potentially exposed to big losses from hacks that can cost more than twice that.
BOSTON, Oct 12 (Reuters) – A rash of hacking attacks on U.S.
companies over the past two years has prompted insurers to
massively increase cyber premiums for some companies, leaving
firms that are perceived to be a high risk scrambling for
On top of rate hikes, insurers are raising deductibles and
in some cases limiting the amount of coverage to $100 million,
leaving many potentially exposed to big losses from hacks that
can cost more than twice that.
By Jim Finkle
(Reuters) – Experian Plc (EXPN.L: Quote, Profile, Research, Stock Buzz), the world’s biggest consumer credit monitoring firm, on Thursday disclosed a massive data breach that exposed sensitive personal data of some 15 million people who applied for service with T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz).
Connecticut’s attorney general said he will launch an investigation into the breach.
BOSTON, Sept 28 (Reuters) – Women account for just one out
of 10 cyber security professionals, as the gender gap widened
over two years in a male-dominated field with a drastic
workforce shortage, a survey showed.
ISC2, the largest organization that certifies cyber
professionals, said on Monday that a poll of nearly 14,000
information security professionals in developed countries found
that just 10 percent were women. That is down from 11 percent
two years ago, said ISC2 official Elise Yacobellis.
BOSTON, Sept 24 (Reuters) – Insurer Ace Ltd plans to
start offering cyber security policies providing up to $100
million in coverage at a time when experts say it is hard for
businesses to obtain such large coverage following the surge in
The plan comes with services from firms that help identify
cybersecurity vulnerabilities and respond to cyber attacks. They
include BitSight Technologies, FireEye Inc’s Mandiant
services group, Navigant Consulting Inc, NetDiligence,
Promontory Financial Group and Verizon Communications Inc