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FireEye not so fiery after it got hacked

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Miguel A. Rodriguez
Miguel A. Rodriguez
10 December 2020
FireEye allegedly got hacked by a nation-state

One of the most significant American cybersecurity companies – FireEye – announced that it was hacked by a foreign country.

In a post, FireEye admitted that it was a victim of a “sophisticated threat actor,” which is likely linked to a nation-state. No governments have been named. According to FireEye CEO Kevin Mandia, the hackers “used a novel combination of techniques not witnessed by us or our partners in the past” to access tools used by the so-called red teams. The tools are meant to find weaknesses or vulnerabilities of various systems before hackers do. According to the same statement, the hackers were looking to steal information about FireEye’s governmental clients.

FireEye is a cybersecurity company that works with agencies such as the FBI, the NSA (National Security Agency).

Currently, the FBI is investigating the incident, while Microsoft is assisting FireEye on its own.

FireEye, which has a $3.5 billion market value, lost more than 7% of its stock price after the news hit the wire.

Sources: nbcnews.com, techcrunch.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.