In-brief: the Petya outbreak has prompted a string of profit and earnings warnings from major firms, with more likely in the days and weeks ahead, as companies struggle to regain their footing after the damaging wiper attack.
Business
Fired Employee Hacked Smart Water Meters Just to be a Jerk
In-brief: A man in Pennsylvania said he was just being a disgruntled former employee when he hacked into base stations owned by his ex-employer that control access to smart water meters and disrupted the business of municipal water utilities across three states. He faces jail time, probation and a fine for his actions.
U.K. Parliament Attack Reshines Light on Persistent Vulnerability of Passwords
In-brief: Password security remains a thorn in the side of security experts as once again proven by the cyberattack on U.K. Parliament, which focused on gaining access to members’ e-mail accounts merely by guessing their passwords.
Endpoint Protection Firm Cybereason Lands $100m Softbank Investment
Alternatives to legacy endpoint protection software like anti virus is one of the hottest areas in the information security space. Yesterday’s announcement by Cybereason of a $100 Million investment by SoftBank only underscores that. Cybereason, which has offices in Boston, London and Tel Aviv, closed a Series D funding round from SoftBank to accelerate growth. The round brings total investment in Cybereason to $189 million and make SoftBank the single largest investor int he company, which also counts Spark Capital, Lockheed Martin and CRV as investors. “We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, […]
Security Pro tilts at Smart Drill, finds It doesn’t suck
In-brief: Is there cause for hope? A new analysis of a connected power drill by a researcher at DUO Security finds that it’s actually pretty secure. But challenges remain for connected device makers.
