Fortinet to Buy Back Up to $200 Million in Stock
Posted on December 9, 2013 by Kara Dunlap 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.
Microsoft Disrupts ZeroAccess Botnet
Posted on December 9, 2013 by Kara Dunlap 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.
To 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.”
Providers at 2013 CSA Congress tout cloud protection over conventional IT
Posted on December 7, 2013 by Kara Dunlap 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.
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We aren’t going to have 3 different versions of Windows
Posted on December 4, 2013 by Kara Dunlap in Uncategorized
Intel, HP make for the finish of days — Windows XP’s, which is
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