January 8, 2025

Fortinet to Buy Back Up to $200 Million in Stock

Posted on December 9, 2013 by in Security

Network security firm Fortinet announced on Monday that it would buy back up to $ 200 million of its stock as part of a share repurchase program expected to run through December 31, 2014.

The timing, number and value of shares repurchased under the program will be determined by Fortinet management at its discretion, with the company being able to repurchase shares from time to time in privately negotiated transactions or in open market transactions, the company said in a statement.

“The implementation of our first share repurchase program reflects Fortinet’s confidence in the long-term strength and strategy of the company, as well as our commitment to returning shareholder value,” said Ken Xie, Fortinet’s Founder, Chairman and CEO. “Though we remain focused on continuing to invest in our business to capitalize on our growth opportunities, at the same time, Fortinet’s financial performance and healthy cash flow generation allows us to be confident and opportunistic in repurchasing shares.”

While the Board of Directors has authorized the share repurchase program, the company is not obliged to repurchase any shares under the authorization, and the program may be suspended, discontinued or modified at any time, for any reason and without notice, the Fortinet said.

Previous Columns by SecurityWeek News:


SecurityWeek RSS Feed

Microsoft Disrupts ZeroAccess Botnet

Posted on December 9, 2013 by in Security

Late last week, Microsoft announced it had struck a blow against the ZeroAccess botnet in a joint operation with law enforcement and technology company A10 Networks.

But while the effort may have started a ten-count, some say the botnet was far from knocked out.

The takedown operation disrupted a botnet that is held responsible for infecting more than two million computers by targeting search results on Google, Bing and Yahoo search engines and costing online advertisers $ 2.7 million a month. The botnet hijacks people’s search engine results and redirects them to sites they had not intended to go to in order to commit click fraud. ZeroAccess relies on a peer-to-peer infrastructure that allows cybercriminals to control it remotely through tens of thousands of different computers.

ZeroAccess Botnet TakedownTo combat the situation, Microsoft recently filed a civil suit against the people behind the botnet and received authorization from the U.S. District Court for the Western District of Texas to simultaneously block incoming and outgoing communications between computers located in the U.S. and the 18 identified Internet Protocol (IP) addresses being used to commit fraud. In addition, Microsoft took control of 49 domains associated with ZeroAccess, while A10 Networks provided Microsoft with advanced technology to support the disruptive action.

However, Microsoft’s work comes up short. In a joint blog post, Yacin Nadji, a Ph.D. Candidate at Georgia Institute of Technology, and Damballa Chief Scientist Manos Antonakakis noted that any meaningful action against ZeroAccess must disrupt its peer-to-peer (P2P) communications channel.

“Disabling the click-fraud component is trivially countered by the botmaster by simply pushing an updated binary over the P2P channel with fresh click-fraud configurations,” they noted. “This extensive legal work can be undone in a matter of hours.”

According to a report, the operators did push out a configuration file to infected systems to bring the click fraud network back online, but the within a few hours the servers were back offline.

Fears about click fraud led to the Interactive Advertising Bureau (IAB) recently issuing a set of best practices designed to help publishers, networks and buyers reduce the risk of fraud on the Internet.

“The companies that participate in the digital advertising supply chain have been struggling with how to handle criminal enterprises intent on gaming the system,” said Steve Sullivan, vice president of advertising technology for IAB, in a statement. “These fraudsters are diluting the value of all legitimate inventory while simultaneously diminishing the integrity of the entire digital marketing industry. The introduction of these best practices is a first step in reducing the marketplace repercussions of these illegal activities.”

Brian Prince is a Contributing Writer for SecurityWeek.

Previous Columns by Brian Prince:


SecurityWeek RSS Feed

Providers at 2013 CSA Congress tout cloud protection over conventional IT

Posted on December 7, 2013 by in Security

At the 2013 CSA Congress, professionals from Microsoft plus AWS produced the case for why cloud provider safety is superior to conventional IT protection.

SearchSecurity: Security Wire Daily News

We aren’t going to have 3 different versions of Windows

Posted on December 4, 2013 by in Uncategorized

Summary: A Microsoft official confirms the organization is planning to trim the quantity of different versions of Windows inside its portfolio.
Microsoft currently has three different versions of Windows running on mobile devices. But Microsoft is working to reduce that number, Julie Larson-Green, Executive Vice President of Devices and Studios, confirmed in an interview last week.
At present, Microsoft offer plain-old Windows for Intel-based PCs and tablets. There’s Windows RT for ARM-based PCs and tablets. And there’s the Windows Phone OS for Windows Phones.
I reported earlier this year that one of my sources said Microsoft is planning to whittle this down to two versions, though possibly not until the spring of 2015.
Speaking at the UBS Global Technology Conference last week, Larson-Green confirmed Microsoft plans to reduce the number of Windows variants it has in its portfolio. She told attendees during a question and answer session the following:
“We have the Windows Phone OS. We have Windows RT and we have full Windows. We’re not going to have three. We do think there’s a world where there is a more mobile operating system that doesn’t have the risks to battery life, or the risks to security. But, it also comes at the cost of flexibility. So we believe in that vision and that direction and we’re continuing down that path.”
Larson-Green said Windows RT was Microsoft’s “first go” at creating a turnkey, closed system, similar to iOS for the iPad. Like iOS, Windows RT isn’t as flexible, she acknowledged, but it’s more seamless and simplified.
“I think we didn’t differentiate the devices (Surface RT vs. Surface Pro) well enough. They looked similar. Using them is similar. It just didn’t do everything that you expected Windows to do. So there’s been a lot of talk about it should have been a rebranding. We should not have called it Windows. How should we have made it more differentiated? I think over time you’ll see us continue to differentiate it more,” she said.
As I noted back in October, Microsoft seems to be thinking about creating some kind of hybrid OS that will bring closer together Windows RT and the Windows Phone OS. And at least according to one of my sources, it’s more likely that the Windows Phone OS core is what Microsoft will use as the starting point, rather than Windows RT. If Microsoft is pursuing this path, there might just be full Windows and the new hybrid ARM-targeted variant of Windows in just over a year.
Larson-Green dropped a couple of other interesting tidbits during her UBS interview on November 21. She hinted that Microsoft is working towards a future where users may carry multiple kinds of phones or portable devices of some kind. she said that there could be a time when users have “three or four” phone-like devices they’ll be able to switch between, using the one best suited to a particular scenario.
I have that six-inch one (presumably the Nokia 1520 or a device like it),” she said, “and when you’re traveling on the train and you’re using public transit so you can see more and do more, and then when you’re out in the evening and you only have your suit, or your evening dress, you have a small one that slips in your pocket. You can buy more than one.”
Microsoft is known to be working on wearable technology projects of various kinds, with devices sporting different kinds of sensors.

Intel, HP make for the finish of days — Windows XP’s, which is

Posted on December 4, 2013 by in Blog

As the sun sets on support for Windows XP nears, Hewlett-Packard and Intel executives say they’re looking to new horizons.
In case you’ve been living under a rock, support for Windows XP ends on April 8, 2014.
And Microsoft has a message for you: “If your organization has not started the migration to a modern desktop, you are late,” the company says on its Support Ends Web page.
That has HP and Intel, not surprisingly, giddy with the prospects of upgrades to new hardware.
Here’s what Meg Whitman, HP’s CEO, said earlier this week during the company’s earnings conference call, responding to an analyst’s question.
“So, we’re leading…the migration off of XP. And we actually — I think, Microsoft would probably tell you — we’re among the leaders in terms of spearheading that migration. We’ve been on this for well over a year, and it’s actually going pretty well,” she said.
And Intel’s general manager of the PC Client Group, Kirk Skaugen, speaking the week before, isn’t exactly rueing the day, either.
“Remember, Windows XP [support] end of life is in April so we have confidence that the business refresh which typically comes with a hardware upgrade is heading our way…whether they move to Windows 7 or Windows 8.1 that’s a big change for business,” he said during the company’s investor meeting.”
The operating-system-that-won’t-die has been around since 2001. It got a new lease on life when its successor, Vista, was declared a disaster back in 2006.
There are still plenty of XP users out there, according to an unscientific poll CNET conduced in June.
New November data from Net Applications shows XP stubbornly holding onto a 31 percent desktop market share.
So, you have to wonder, how many of those polled earlier by CNET want to keep utilizing XP? Chances exist are over a limited.
Are they as giddy at the prospects as HP and Intel? We’ll find out on April 8.
New information shows XP carrying about to a big percentage of desktops. Photo by: ( Net Applications)