Cyber Security Firm Fireeye

Chinese advanced persistent threat (APT) groups that have allegedly been creating cyber havoc internationally will shift their focus in 2018 to countries like India and Hong Kong and groups seen as a threat to Beijing's influence over global markets.

That same group, which FireEye called APT32, was also responsible for attacking a Philippine consumer products corporation and technology infrastructure firm in 2016.

As for most cyber-security firms, highly publicised cyber-attacks are good for business, even though experts say such attacks underscore the industry's failings.

Bill and Hillary Clinton's charitable foundation hired the security firm FireEye to examine its data systems after seeing indications they might have been hacked, according to two sources familiar with the matter.

FireEye cut its full-year revenue forecast to $716 million-$728 million from $780 million-$810 million.

FireEye was reportedly brought in by World Informatix, a smaller firm that is advising Bangladesh Bank on the investigation.

It follows a steep decline in valuations of public and private cyber-security firms, which some investors consider too richly valued after a series of high-profile cyber-attacks.

Hackers associated with the Chinese government have tried to penetrate at least seven US companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial reasons, according to a prominent US security firm.

The FBI's alert to healthcare companies did not identify any specific victims targeted by hackers.

Companies such IBM and Cisco have already seen their China sales drop after last year's NSA surveillance revelations.

The unprecedented criminal charges brought against five Chinese military officials accused them of hacking firms and stealing trade secrets.

China denied the charges, saying the US grand jury indictment was "made up" and would damage trust between the two nations.

The intrusion prevention systems (IPS) market totaled nearly $1.9 billion in 2012, according to market research firm IDC.

Shares in cyber security provider FireEye Inc rose as much as 35 per cent on Friday after the company bought computer forensics specialist Mandiant Corp for $1 billion in a deal that underscores increasing consolidation in the red-hot sector.

Chinese advanced persistent threat (APT) groups that have allegedly been creating cyber havoc internationally will shift their focus in 2018 to countries like India and Hong Kong and groups seen as a threat to Beijing's influence over global markets.

That same group, which FireEye called APT32, was also responsible for attacking a Philippine consumer products corporation and technology infrastructure firm in 2016.

As for most cyber-security firms, highly publicised cyber-attacks are good for business, even though experts say such attacks underscore the industry's failings.

Bill and Hillary Clinton's charitable foundation hired the security firm FireEye to examine its data systems after seeing indications they might have been hacked, according to two sources familiar with the matter.

FireEye cut its full-year revenue forecast to $716 million-$728 million from $780 million-$810 million.

FireEye was reportedly brought in by World Informatix, a smaller firm that is advising Bangladesh Bank on the investigation.

It follows a steep decline in valuations of public and private cyber-security firms, which some investors consider too richly valued after a series of high-profile cyber-attacks.

Hackers associated with the Chinese government have tried to penetrate at least seven US companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial reasons, according to a prominent US security firm.

The FBI's alert to healthcare companies did not identify any specific victims targeted by hackers.

Companies such IBM and Cisco have already seen their China sales drop after last year's NSA surveillance revelations.

The unprecedented criminal charges brought against five Chinese military officials accused them of hacking firms and stealing trade secrets.

China denied the charges, saying the US grand jury indictment was "made up" and would damage trust between the two nations.

The intrusion prevention systems (IPS) market totaled nearly $1.9 billion in 2012, according to market research firm IDC.

Shares in cyber security provider FireEye Inc rose as much as 35 per cent on Friday after the company bought computer forensics specialist Mandiant Corp for $1 billion in a deal that underscores increasing consolidation in the red-hot sector.