Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday.
According to the report, the company has been talking to its bankers about options for the IntelSecurity unit, which was previously known as McAfee.
Intel bought McAfee for $7.7 billion in 2011.
A spokesperson for Intel could not be immediately reached for comment. The company said in April that it planned to cut up to 12,000 jobs globally as it refocuses its business toward making microchips that power data centers and Internet-connected devices and away from the declining personal computer industry it helped found.
More than 5 billion IoT devices were installed in 2015. Gartner estimates this will grow to 20 billion by 2020. Unfortunately, experts agree that security is not only an afterthought, but often is actively resisted and circumvented.
IoT devices are attractive to hackers because they have very weak login credentials, are “on 24/7” and have little to no secure communication channels. Hackers have started using these compromised devices to launch DDoS attacks, and even sell Instagram and Twitter robo “likes” for the vain.
Russian government hackers penetrated the computer network of the Democratic National Committee and gained access to the entire database of opposition research on GOP presidential candidate Donald Trump, according to committee officials and security experts who responded to the breach.
The intruders so thoroughly compromised the DNC’s system that they also were able to read all email and chat traffic, said DNC officials and the security experts.
Networking technology behemoth Cisco has announced a new multi-million dollar fund to tackle the growing shortage in the global cybersecurity talent pool.
The San Jose, Calif.-based tech giant said it will invest $10 million in a scholarship program to “increase the pool of available talent with critical cybersecurity proficiency,” according to a press release. As part of the two-year program, Cisco says it will provide training and mentoring to applicants who will leave the course with a certification that qualifies them for a security operations analyst role.
Cylance, an Irvine, California-based cybersecurity startup that taps machine-learning and artificial intelligence (A.I.) to thwart malware, has raised $100 million in a Series D round led by Blackstone Tactical Opportunities and Insight Venture Partners, with participation from the company’s existing investors.
El mito de la seguridad de los bancos se resquebraja. Piratas informáticos han atacado entidades financieras en varias partes del mundo. Aunque robaron unos 80 millones de euros, por poco no se llevan otros 1.000 millones. Al menos hay tres casos confirmados que podrían estar conectados, pero se investigan varios más. Los delincuentes accedieron a una red de comunicaciones cerrada y exclusiva de las entidades bancarias. Los responsables de la plataforma atacada han anunciado un plan para reforzar la seguridad de las operaciones internacionales entre los bancos.
Warning: everything you thought you knew about corporate cybersecurity is about to change.
That’s according to Paul Paget, the CEO of Pwnie Express, a Boston-based startup that makes software and hardware for detecting unauthorized devices in the vicinity of a corporate network.
With the RSA Conference starting later this month, we thought it would be useful to determine which of the thousands of exhibitors at the annual cybersecurity event have the most momentum going into the show.
We scraped the exhibitor page on the event website and used our company upload tool to put it through the CB Insights database, which found matches for 300+ companies. We then used our Mosaic algorithm, which tracks the health of private companies, to rank the 10 companies that you should be talking to at the conference.
Twitter has revealed that last week there was a “bug” in its password recovery system which could have potentially exposed the email address and phone numbers of a “small number” of users. The company place this number at around less than 10,000 active accounts and all have been notified today: “If you weren’t notified, you weren’t affected,” wrote Michael Coates, Twitter’s trust and info security officer.
The president of Hollywood Presbyterian Medical Center said on Wednesday that his hospital paid hackers a ransom of $17,000 in bitcoins to regain control of their computer systems after a cyber attack.
Allen Stefanek said in a statement that paying the ransom was the “quickest and most efficient way” of regaining access to the affected systems, which were crippled on Feb. 5 and interfered with hospital staff’s ability to communicate electronically.
Stefanek said there was no evidence that any patient or employee information was accessed in the so-called malware attack, and that the hospital fully restored access to its electronic medical record system this Monday.
“Patient care has not been compromised in any way,” Stefanek said.
