cybersecurity

Hewlett-Packard has affirmed it has agreed to buy ArcSight, a cybersecurity company, for $1.5 billion in cash.

This deal is anticipated to be closed by the end of the calendar year.

The stock has added about 24% in value since The Wall Street Journal reported that company had put itself up for sale on August 26.
 

Much spoken cyber security bill that would expand government control over the Internet in ‘an emergency’ has been approved by the US Senate committee after all. Many critics believe that when signed into law the bill would give the U.S. president the authority to shut down parts of the Internet during a cyberattack.

Under a bill introduced Tuesday in the Senate foreign countries that benign neglected to cybercrime will lose US financial assistance and resources.

The International Cybercrime Reporting and Cooperation Act is to require the President to identify "countries of cyber concern" and to plot a course to help each one get tougher on cybercrime.

Those countries that don't reach prescribed benchmarks would face economic penalties in the form of cuts to trade assistance grants, US export dollars and foreign-direct investment funds.

Nowadays cybersecurity is vital to everything we do. How often do you use a computer? How much of your sensitive information is stored either on your own computer or on someone else's system? It seems that everything depends on computers and the Internet, starting from shopping and communication to education and banking.