U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll.
Cisco (San Jose, CA, USA) shares tumbled 11 percent on Thursday, a day after it warned that revenue could drop as much as 10 percent this quarter, and continue to contract through the middle of next year, in part due to a backlash in China after revelations about U.S. government surveillance programs.
Deutsche Telekom said it would launch a secure internet service next year for smaller companies that find it hard to pay for defenses against sophisticated forms of cyber crime.
The firm presented the plan at a cyber security conference at its Bonn headquarters as a diplomatic row rages between the United States and Europe over spying accusations.
Last month Deutsche Telekom (Bonn, Germany) urged German communications companies to cooperate in shielding local internet traffic from foreign intelligence services.
Network management and security specialist Mako Networks has teamed up with Sprint to provide services for the operator’s mobile customers.
According to the company’s statement, the deal will see Mako’s (Auckland, New Zealand) technology added to Sprint’s (Overland Park, KS, USA) portfolio of services for retailers and distributed enterprises.
M2M platform provider ILS Technology has topped a new security ranking compiled by ABI Research, with Axeda and Sierra Wireless coming in second and third places respectively.
The assessment looked at eight security providers, comparing the companies on several criteria related to product implementation and vendor innovation.
Besides topping a ranking on security, ILS Technology (Boca Raton, FL, USA) also came first in the innovation category, followed by Axeda (Foxboro, MA, USA) in second place and Numerex (Atlanta, GA, USA) in third.
The surveillance court that oversees the U.S. government's massive collection of telephone data gave its fullest defense to date on Tuesday of why it considers the program lawful, despite the uproar after its existence was made public in June.
In an opinion dated August 29 and released on Tuesday, Judge Claire Eagan of the U.S. Foreign Intelligence Surveillance Court wrote that the program did not violate the basic privacy rights of Americans and was authorized under the 2001 law known as the Patriot Act.
Cisco Systems Inc said on Tuesday it plans to purchase cybersecurity company Sourcefire Inc for $2.7 billion, a deal that analysts say should spark more acquisitions in the industry as large vendors seek to profit from growing demand for IT security.
Cisco (San Jose, CA, USA), which has been seeking targets to boost its network security business, said it will pay $76 per share in cash for Sourcefire (Columbia, MD, USA), a premium of 28.6 percent over its closing price on Monday of $59.08.
Two security experts said they have figured out how to spy on Verizon Wireless mobile phone customers by hacking into devices the U.S. carrier sells to boost wireless signals indoors.
The finding, which the experts demonstrated to Reuters and will further detail at two hacking conferences this summer, comes at a time of intense global debate about electronic privacy, after top-secret U.S. surveillance programs were leaked by a former National Security Agency contractor, Edward Snowden, last month.
Fiber optic network provider Level 3 Communications Inc said a 2003 network security agreement signed by its unit Global Crossing did not include any provision for unauthorized surveillance by U.S. government agencies.
The Washington Post reported last week that the deal allowed Team Telecom, a collection of U.S. government agencies, to access data transferred through Global Crossing's (Hamilton, Bermuda) fiber-optic backbone that connects several countries.
Talks between China and the United States on cyber security, overshadowed by revelations of U.S. electronic surveillance by former spy agency contractor Edward Snowden, have gone well, state media said on Wednesday, with both sides pledging to improve cooperation.
Cyber security is one of the main topics for high-level talks this week between the world's two largest economies, as both countries trade accusations about hacking attacks on each other.
France has put an end to the most controversial element of a copyright piracy law that allowed the government to cut off the Internet subscriptions of repeat offenders.
The Socialist government of Francois Hollande published an official decree on Tuesday to erase the provision in the law that allowed courts to deprive copyright violaters of their internet connectivity if they transgressed on three occasions. However, other sanctions, such as fines, will remain in place.