FireEye not so fiery after it got hacked

By: Miguel A. Rodriguez

11:35, 10 December 2020

1607583838.jpg
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

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.