In a deal that not everybody saw coming, IBM used the weekend lull to announce the acquisition of Red Hat for US$190.00 per share in cash, representing a total enterprise value of approximately $34 billion. Red Hat is known for its commercially supported enterprise Linux operating system Red Hat Enterprise Linux (RHEL) and for its wider set of predominantly
CS Digest Section: Private Sector
Facebook Gets Fined 500,000 Pounds by U.K. for Cambridge Analytica Ordeal
Facebook is getting hit with the maximum penalty allowable under United Kingdom law for a scandal in which the social media website failed to keep user data out of the hands of the political research firm Cambridge Analytica.
https://www.cyberscoop.com/facebook-fined-500k-uk-ico-cambridge-analytica/
Security Companies See Opportunity in Trump’s New Cyber Plan
For the Department of Defense, President Donald Trump's new cybersecurity strategy means additional authority to hack foreign countries. But for the cybersecurity industry, the new American doctrine could mean a lucrative payday.
Microsoft Confirms it’s Acquiring GitHub for $7.5 Billion
Microsoft is acquiring GitHub. After reports emerged that the software giant was in talks to acquire GitHub, Microsoft is making it official today.
https://www.theverge.com/2018/6/4/17422788/microsoft-github-acquisition-official-deal
The Elite Microsoft Hacker Team That Keeps Windows PCs Safe
Many companies have a red team, or several, and they generally share the same purpose-to play the role of an attacker, probing releases new and old for vulnerabilities, hoping to catch bugs before the bad guys do. Few of them, though, focus on a target as ubiquitous as Windows, an operating system that still boasts nearly 90 percent market share for laptop
Chinese Hackers Hit U.S. Firms Linked to South China Sea Dispute
Chinese hackers have launched a wave of attacks on mainly U.S. engineering and defense companies linked to the disputed South China Sea, the cybersecurity firm FireEye Inc. said.
Army Research Lab Awards $25 Million Contract for Internet of Battlefield Things
The U.S. Army Research Lab (ARL) has awarded a $25 million contract to a consortium of university researchers known as the Alliance for Internet of Battlefield Things Research on Evolving Intelligent Goal-drive Networks (IoBT REIGN) to develop new predictive battlefield analytics and services.
U.S. Government Contractors Score Poorly on Cyber Risk Tests
Attacks against the supply chain are not uncommon. It represents the soft underbelly of large organizations that are otherwise well defended. The federal government is not an exception -- in fact, federal agencies are especially reliant on their supply chain; and the security posture of that supply chain is of national importance.
https://www.securityweek.com/us-government-contractors-score-poorly-cyber-risk-tests
Alphabet Launches Cybersecurity Firm Chronicle
Google's parent company, Alphabet, is launching a business to protect companies from hackers. Chronicle, a new company under the Alphabet umbrella, calls itself a "cybersecurity intelligence and analytics platform."
http://money.cnn.com/2018/01/24/technology/google-chronicle-alphabet-security/index.html
Booz Allen Scores Massive $621M Homeland Security Cyber Contract
The federal government has awarded Booz Allen Hamilton a massive $621 million, six-year contract to implement a Department of Homeland Security program aimed at securing federal networks from cyber threats.
