With much of its exports to China being blocked by U.N sanction, an impoverished and increasingly cornered North Korea has taken the cyber route to enriching itself. With the recent surge in the price of bitcoins, cyber security experts opine the net worth of its stolen tokens amount to $82 million. With more international sanctions…
As per U.S. Senator Mark Warner, vice chairman of the Senate Select Committee on Intelligence, it would not be an “exaggeration to suggest that a breach such as this represents a real threat to the economic security of Americans.” In what is reported to be one of the largest breaches of data in the United…
The economic cost of cyber crime in the EU is a whopping $316 billion (265 billion euros). As a means to secure EU nationals from cyber attacks from other nations, the European Commission has decided to bolster cyber security in the bloc and is set to hike up its cyber security spending and unveil stricter…
Defensive measures are being taken, however experts have admitted that defensive countermeasures have typically lagged behind the ability of hackers to code tools to circumvent countermeasures. As per former and current European government sources who have knowledge of the issue, hackers are persistently trying to attack critical national infrastructure across the European Union. These sources…
Fireglass specializes in the domain of browser isolation technology. On Thursday Symantec Corp disclosed it is acquiring Israeli cyber security startup Fireglass in a deal designed to boost its cyber security defenses for its products. Symantec has yet to disclose the terms of the deal as well as the price for the acquisition of the…
Research by cyber security companies point to a Russian involvement. On Saturday, Ukraine’s state security service pointed the finger of blame for the recent cyberattacks on Russian security services, saying the attacks were aimed at destroying important data and spreading chaotic panic. Ukraine’s SBU stated the attacks, which began in Ukraine and spread across the…
Cupertino is increasingly relying on businesses to be its revenue generating engine. The company has tied up with IBM SAP to encourage developers to write business apps for its ecosystem. On Monday, Tim Cook, Apple Chief Executive disclosed that the company is working with Cisco Systems Inc to help businesses that primarily use gear from…
With cyber security increasingly gaining prominence in the wake of growing threats from Chinese and Russian hackers, a separate listing for Forcepoint has potential. In an interview published on Sunday, German business daily Boersenzeitung reported, Raytheon could potentially come out with an IPO for its cyber security unit. “Raytheon has undertaken that Forcepoint will achieve…
Chinese companies are seeing the Great Wall of the United States in the form of CFIUS. With tightening regulatory scrutiny in the United States, Chinese companies are flocking to Israel to invest in its tech sector. In 2016, Chinese investment into Israel touched a $16.5 billion with Chinese companies parking their funds into Israel’s buzzing…
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