BOSTON/DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) on Tuesday named an engineer to serve as its first cybersecurity chief as the No. 1 U.S. automaker and its rivals come under increasing pressure to better secure their vehicles against hackers.
The No. 1 U.S. automaker promoted manager Jeff Massimilla to the post as part of an eight-month review of its product design and engineering, said GM Vice President of Global Product Development Mark Reuss.
BOSTON/CHICAGO (Reuters) – Home Depot Inc (HD.N: Quote, Profile, Research, Stock Buzz) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz).
Home Depot, in providing the first clues to how much the breach would cost, said that so far it has estimated costs of $62 million. But it indicated that costs could reach much higher.
Boston, Sept 11 (Reuters) – EMC Corp plans to keep
its majority stake in software maker VMware Inc despite
pressure from activist hedge fund Elliott Management, a person
familiar with EMC’s thinking told Reuters on Thursday.
The person, who was not authorized to publicly discuss the
matter, described as inaccurate a Thursday report in the New
York Post that EMC had decided to explore selling its stake in
business software maker VMware. The source did not provide
BOSTON (Reuters) – An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co and other banks.
The group, known as the Financial Services Information Sharing and Analysis Center, or FS-ISAC, includes all major U.S. banks and dozens of smaller ones along with some large European financial institutions.
BOSTON/WASHINGTON (Reuters) – (Corrects 12th paragraph to clarify that 59 percent of Time Warner Cable customers, not all cable customers, are unsatisfied with service; corrects capitalization in analyst company to “cg42″ from “CG42″)
Time Warner Cable Inc, the No. 2 U.S. cable operator, suffered a massive network outage on Wednesday due to suspected human error that cut Internet services to some 11 million businesses and residences, prompting a New York state investigation.