CHICAGO (Reuters) - Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.
BARCELONA (Reuters) - The merger of NXP and Freescale will bring together two highly diversified chipmakers to create a more focused, leading player in two high-growth markets - automotive electronics and security, NXP's top executive said on Wednesday.
The cash and stock deal, announced on Monday, valued Freescale at $11.8 billion, excluding debt, and is expected to close in the second half of the year, subject to regulatory approvals. An overlapping business in radio frequency amplifier chips will be sold to ease antitrust concerns.
WASHINGTON (Reuters) - Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.
Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.
WASHINGTON (Reuters) - Calling the destructive cyberattack on Sony Pictures "a game changer," a top White House official on Tuesday announced a new intelligence unit to coordinate analysis of cyberthreats, modeled on similar U.S. government efforts to fight terrorism.
Lisa Monaco, President Barack Obama's homeland security and counterterrorism adviser, said the new agency will rapidly pool and disseminate data on cyberbreaches, which she said are ballooning in size and sophistication, to U.S. agencies.
(Reuters) - U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret source code and adopt Chinese encryption algorithms.
Cybersecurity has been a significant irritant in U.S.-China ties, with both sides trading accusations of abuses.
During the last week, California-based Dell’Oro Group released several reports indicating growth in key WAN equipment sectors.
The biggest winner, if forecasts hold true, would be vendors in the Layer 2-3 Ethernet Switch market, which Dell’Oro analysts estimate will exceed $25 billion in 2019. Continued adoption of Software Defined Netowrking (SDN) architectures and Cloud deployments will drive sales of white box switching, software, and 100 Gigabit Ethernet equipment, according to the report.
BEIJING (Reuters) - Internet services that allow people to freely access blocked websites and apps from within China have seen more severe disruptions this week, said three providers, moves that Chinese state media said were justified.
The services affected include popular Virtual Private Network (VPN) providers Astrill, StrongVPN and Golden Frog, which are engaged in a technological arms race to one-up China's highly sophisticated Great Firewall internet censorship system.
WASHINGTON (Reuters) - U.S. President Barack Obama on Monday plans to discuss three new proposed laws aimed at protecting Americans and the trail of data they leave on smart phones, computers and other devices.
Congress has long wrestled with how to beef up federal laws to protect consumers and their privacy, a struggle that intensified after hackers stole massive amounts of credit card data from companies like Target and Home Depot.
The White House said Obama will weigh in with his legislative ideas during a speech at the Federal Trade Commission at 11:55 a.m. ET.
BRUSSELS (Reuters) - Hacking of computers at Belgian telecoms firm Belgacom, alleged to have been carried out by a British spy agency, was more far-reaching than previously thought and went undetected for more than two years, according to reports published on Saturday.
News of the intrusion into Belgacom's networks first broke late last year when Belgium asked Britain, its NATO and European Union partner, to respond to allegations that its intelligence service was responsible.
BRUSSELS (Reuters) - Internet companies like Cisco and Google are seeking to be excluded from a new EU cybersecurity law that would force them to adopt tough security measures and report serious security breaches to national authorities.
The so-called Network and Information Security directive is due to be finalised in talks between the European Parliament, the European Commission and member states over the coming weeks.
EU lawmakers want the law to cover only sectors that they consider critical, such as energy, transport and finance.