Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

Buffett’s Business Wire now ‘stable’ after cyber attack

Latest news

    NEW YORK (Reuters) – Business Wire, the corporate news release distributor owned by Warren Buffett’s Berkshire Hathaway Inc, on Friday said it had fended off a cyber attack designed to disable it, and that its system was now “stable.”

    The “directed and persistent” denial of service attack had begun on Jan. 31, causing Business Wire’s website to slow down, the company said when it disclosed the problem on Tuesday.

    In Friday’s statement, Business Wire Chief Operating Officer Richard DeLeo said the company had “successfully mitigated the malicious attempts to render our website unavailable.”

    He also said there was no evidence that client information was compromised, and that at no time was Business Wire unable to distribute press releases.

    Business Wire is still investigating the cyber attack, and has upgraded its security to avoid similar attacks, DeLeo said.

    A majority of Fortune 500 companies use Business Wire, the New York- and San Francisco-based company has said.

    Berkshire bought Business Wire in 2006.

    View the original article: http://feeds.reuters.com/~r/reuters/technologyNews/~3/yD14B4KKrWs/buffetts-business-wire-now-stable-after-cyber-attack-idUSKBN1FT2RA

    A denial of service attack occurs when hackers flood a target with incoming messages, often making it difficult or impossible for legitimate customers to do business.

    Reporting by Jonathan Stempel in New York; Editing by Tom Brown and Marguerita Choy

    In the same category are

    Roper Technologies to buy software firm PowerPlan for $1.1 billion (Reuters) - IT services provider Roper Technologies Inc said on Monday it would buy software company PowerPlan for $1.1 billion in an all-cash deal fr...
    China’s city of Tianjin to set up $16-billion artificial intelligence fund BEIJING (Reuters) - China’s northern port city of Tianjin announced plans on Thursday to set up funds worth 100 billion yuan ($16 billion) to support ...
    Electrified roads: Swedish project could slash cost of electric vehicles OSLO (Reuters) - An electrified road in Sweden that is the first in the world to charge vehicles as they drive along is showing promise and could pote...

    Leave a comment

    Your email address will not be published. Required fields are marked *