Sens. Dianne Feinstein, D-Calif., and Richard Burr, R-N.C., write in an op-ed in The Wall Street Journal that their proposed encryption bill protects privacy while also giving law enforcement agencies access to what they need to do their jobs. "We want to provide businesses with full discretion to decide how best to design and build systems that maintain data security while at the same time complying with court orders," they write.
Amazon posted its most profitable quarter yet, posting a 29% year-over-year increase to deliver a profit of $1.07 per share on $29.1 billion in revenue, which surpassed analysts' expectations. Amazon attributes much of its success to the growing popularity and profit margins on its Amazon Web Services cloud unit, which CEO Jeff Bezos estimates will soon be bringing in $10 billion in revenue annually.
A key objective of the House Smart Transportation Caucus is making sure cybercriminals can't take control of autonomous and connected vehicles. Some experts say carmakers are putting digital features in cars without making them secure from hackers.
Wipro Ventures, Wipro's investment arm, has invested venture capital in cybersecurity startup Vectra and is receiving a minority stake in the firm. "Wipro completed this investment in March 2016 and plans to go to market with Vectra jointly with its cyber security and risk services practice offerings," Wipro said.
Cybercrime continues to increase as hackers develop tools and techniques and people use more and more connected devices, writes Tony Boobier of IBM. Cyberinsurance therefore must mature to provide adequate coverage against the growing threats, he writes.
Legislators are reviewing funding available to train and certify US cybersecurity troops. The program could be active by the end of March 2017, with 6,200 soldiers training to be part of the new CYBERCOM force.
The open nature of college and university IT systems leaves them vulnerable to cyberattacks, but there are ways to strike a balance between privacy and security, asserts Aletha Noonan, vice president of higher education for CDW•G. Cybersecurity policies should be discussed with all stakeholders and a campuswide awareness campaign is needed, she advises.
SnappyData has raised $3.65 million from investors including GE Digital, GTD Capital and Pivotal, the software company the three co-founders worked for prior to launching the startup. SnappyData aims to help companies analyze real-time transactional data that can be used in business.
The United Cyber Caliphate, which was formed just a few weeks ago, said it has hacked the State Department and released information on US officials to messaging platform Telegram. For security reasons, the State Department wouldn't confirm that it had been hacked, but it did say the leaked information could have been obtained from publicly accessible sites.
BlackBerry is bringing former WatchGuard Technologies executive Alex Thurber on board to turn around its device business. "My focus is to achieve BlackBerry's strategic priority in making the device business profitable," said Thurber, who is taking up the post of senior vice president for global device sales at BlackBerry.
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