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Early Stuxnet Variant Discovered

June 25, 2014

In his keynote speech this morning at the RSA Conference 2013, Francis deSouza, president of products and security systems at Symantec, announced that his company had found a missing piece to the Stuxnet mystery: prior existence of the malware.

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Hacker Gang Farms 0-Days

June 24, 2014

The gang of criminal hackers that hit Google two years ago continues, according new research.

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Cybercrime Losses Soar in 2011 -- Or Did They?

June 24, 2014

Symantec's new cybercrime report states that cybercrime costs $110 billion in direct financial loss based on a self-reported survey of 13,000 participants, across 24 countries, ages 18-64, but that loss number might now be taken with a grain of salt.

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Mocana Secures $25 Million in New Funding

June 24, 2014

San Francisco, CA – July 10, 2012 – Mocana, a leader in smart device security, today announced it has completed a $25 million round of Series D funding to scale the company’s Mobile and Device Security Platform, a software and network services solution for securing connected devices and the information, applications and services that run on them. Trident Capital led the new round, which also included participation from current investors Intel Capital, Shasta, Southern Cross and Symantec. J. Alberto Yépez, Trident Capital managing director, will join the Mocana board of directors.

“The number of connected devices and mobile applications is exploding, presenting new security risks for everything from tablets and smart phones to MRI machines and smart meters,” said J. Alberto Yépez, managing director for Trident Capital. “Mocana is poised to own this fast-growing, multi-billion dollar market as it possesses deep intellectual property, a global roster of premier clients and an experienced team with a proven ability to execute. We look forward to supporting Mocana to help it seize this significant market opportunity.”

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The Myth Of That $1 Trillion Cybercrime Figure

June 24, 2014

There's an article on ProPublica dissecting two commonly quoted figures about cybersecurity: $1 Trillion in losses due to cybercrime itself and $388 million in IP losses for American companies. Both figures, according to the article are hyperbole to say the least.

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