Correspondent, Boston
Jim's Feed
Nov 5, 2015

FireEye plunges on earnings miss, CEO blames China cyber deals

By Jim Finkle and Abhirup Roy

(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.

Nov 3, 2015

vArmour hires former U.S. government cyber official

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.

Oct 30, 2015

US retailers push banks to use PINs on credit cards as confusion reigns

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.

Oct 12, 2015

Dell to buy EMC in $67 bln record tech deal, aims for cloud market

By Greg Roumeliotis and Jim Finkle

(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.

Oct 12, 2015

Dell to acquire EMC in $67 billion record tech deal

By Greg Roumeliotis and Jim Finkle

(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.

Oct 12, 2015

Insight: Cyber insurance premiums rocket after high-profile attacks

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.

Oct 12, 2015

Cyber insurance premiums rocket after high-profile attacks

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
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.

Oct 2, 2015

Millions of T-Mobile customers exposed in Experian breach

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.

Sep 28, 2015

Gender gap widens in cyber security field long dominated by men

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.

Sep 24, 2015

Ace offers $100 mln cyber policies with added services, scrutiny

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
high-profile breaches.

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
.

    • About Jim

      "Jim works in the Reuters Boston bureau covering cyber security, hacking and technology privacy issues. He’s been with Reuters since 2005. He previously covered technology, media and biotechnology for Broadcasting & Cable, the Orange County Register and Bloomberg News out Tokyo, Taipei, San Francisco, Los Angeles and Santa Ana, California."
      Joined Reuters:
      2005
      Languages:
      English, Mandarin
    • More from Jim

    • Contact Jim

    • Follow Jim