Correspondent, Boston
Jim's Feed
Mar 31, 2014
Mar 25, 2014
Mar 24, 2014

Palo Alto Networks to buy Israeli cybersecurity firm

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.

Mar 17, 2014
Mar 16, 2014
Mar 14, 2014

Target warns data breach could be worse than reported so far

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.

Mar 14, 2014
Mar 13, 2014

Target declined to act on early alert of cyber breach

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.

Mar 13, 2014

Mobile security firm Lookout names new CEO, looks to expand

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.”

Mar 12, 2014
    • 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:
      English, Mandarin
    • More from Jim

    • Contact Jim

    • Follow Jim