business news

Cybersecurity firm Proofpoint to buy European rival for over $1 billion as it eyes IPO

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Cybersecurity firm Proofpoint to buy European rival for over billion as it eyes IPO

Pavlo Gonchar | Lightrocket | Getty Images Cybersecurity firm Proofpoint is acquiring European rival Hornetsecurity for north of $1 billion to strengthen its European presence as it explores a return to public markets. The deal marks the single largest acquisition in Proofpoint’s history. The cybersecurity industry has seen heightened consolidation in recent months, with companies snapping up smaller competitors to bolster their offerings in an era of AI-fueled cybercrime. In March, Google announced a deal to acquire…

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America's drinking water is facing attack, with links back to China, Russia and Iran

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America's drinking water is facing attack, with links back to China, Russia and Iran

Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty Images The city of Wichita, Kansas, recently had an experience that’s become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment processing, followed the targeting of water utilities across the U.S. in recent years. In going after America’s water, hackers aren’t doing anything special. Despite rising fears of AI use in cyber threats, the go-to…

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A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats

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A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats

Microsoft has come under fire recently from both the U.S. government and rival companies for its failure to stop a Chinese hack of its systems last summer. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In April, a government review board described a hack of Microsoft last summer attributed to China as “preventable.” The U.S. Department of Homeland Security’s Cyber Safety Review Board pointed to “a cascade of…

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