Shares of Symantec Corporation (NASDAQ:SYMC) ended Thursday session at $25.08 with 4.60 million shares getting traded. Post opening the session at $25.27, the shares hit an intraday low of $24.96 and an intraday high of $25.34 and the price vacillated in this range throughout the day. The company has a market cap of $15.84 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on September 22, 2016 revealed new research demonstrating how cybercriminal networks are taking advantage of lax Internet of Things (IoT) device security to spread malware and create zombie networks, or botnets, unbeknownst to their device owners.
Symantec’s Security Response team has discovered that cybercriminals are hijacking home networks and everyday consumer connected devices to help carry out distributed denial of service (DDoS) attacks on more profitable targets, usually large companies. To succeed, they need cheap bandwidth and get it by stitching together a large web of consumer devices that are easy to infect because they lack sophisticated security.
More than half of all IoT attacks originate from China and the U.S., based on the location of IP addresses to launch malware attacks. High numbers of attacks are also emanating from Germany, the Netherlands, Russia, Ukraine and Vietnam. In some cases, IP addresses may be proxies used by attackers to hide their true location.
Most IoT malware targets non-PC embedded devices such as web servers, routers, modems, network attached storage (NAS) devices, closed-circuit television (CCTV) systems, and industrial control systems. Many are Internet-accessible but, because of their operating system and processing power limitations, they may not include any advanced security features.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) ended Thursday session in green amid volatile trading. The shares closed up +0.18 points or 2.64% at $7.00 with 4.50 million shares getting traded. Post opening the session at $7.03, the shares hit an intraday low of $6.96 and an intraday high of $7.05 and the price vacillated in this range throughout the day. The company has a market cap of $23.45 billion and the numbers of outstanding shares have been calculated to be 3.00 billion shares.
Telefonaktiebolaget LM Ericsson (ERIC) on September 21, 2016 announced that it has joined forces with Scandinavian company, Grundfos, to offer an integrated solution that improves access and payments for drinking water. The collaboration ensures easy connection of mobile wallet providers and water service providers, to simplify access for the end consumer. It involves the Ericsson M-Commerce Interconnect that provides a global payments hub for mobile payment services, and the Grundfos AQtap, a water ATM that dispenses water and supports sustainable water management. The solution is expected to drive more efficient revenue collection with reduced cash management risks and overhead costs, and is deployed this week in Kenya powering selected water kiosks operated in Makueni county implemented by World Vision UK and World Vision Kenya, in partnership.
Peter Todbjerg Hansen, Managing Director of Grundfos Lifelink says: “This is a perfect example of two global corporations integrating their technologies to offer a complete water ATM solution previously unknown to the world. It is now possible to pay for water with mobile money, and water revenue collection is safe and automated.”
Not least the revenue collection plays an important part in securing reliable access to drinking water, as water supply points have been known to fail due to lack of funds, and capacity for operations and maintenance. Furthermore transparency and control of water price are critical to sustainable and pro-poor water supply services.