March 24 (Reuters) – Palo Alto Networks Inc, which
makes firewalls to protect companies from cyber attacks, said it
would buy a tiny Israeli security firm, Cyvera, for about $200
million in a move that some analysts expect will crimp profits
over the next few years.
Palo Alto’s shares fell as much as 7 percent in late morning
FBN Securities analyst Shebly Seyrafi estimated that the
deal would lower Palo Alto’s profit by about 10 percent in 2014
and by about 20 percent in 2015.
BOSTON/NEW YORK (Reuters) – Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) warned that last year’s massive security breach could have been more extensive than reported so far, leading to further losses at the No. 3 U.S. retailer.
“Our investigation of the matter is ongoing and it is possible that we will identify additional information that was accessed or stolen, which could materially worsen the losses and reputational damage we have experienced,” the company said in its 10-K annual report filed with the Securities and Exchange Commission on Friday.
BOSTON/WASHINGTON (Reuters) – Target Corp’s security software detected potentially malicious activity during last year’s massive data breach but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.
“With the benefit of hindsight, we are investigating whether if different judgments had been made the outcome may have been different,” company spokeswoman Molly Snyder said in a statement.
BOSTON (Reuters) – Lookout, the mobile security software maker, named telecommunications industry veteran Jim Dolce as chief executive officer on Thursday, succeeding company co-founder John Hering.
Seven-year-old Lookout said in a statement it “decided to bring in a CEO with deep experience in building and scaling companies to ensure Lookout’s ongoing success.”
BOSTON (Reuters) – A mysterious computer virus believed to be from Russia infected hundreds of thousands of PCs around the globe after attacking the U.S. military’s Central Command in an unprecedented breach uncovered in 2008, according to the details of new research released on Wednesday.
Costin Raiu, director of research at Moscow-based Kaspersky Lab, told Reuters on Wednesday that at least 400,000 computers across Russia and Europe were infected with the virus, dubbed Agent.BTZ, based on the number of infections detected by his firm’s anti-virus software.