Once a sprawling conglomerate, Philips has become purely focused on healthcare after spinning off its lighting and consumer electronics divisions in recent years.
“The acquisition of BioTelemetry fits perfectly with our strategy to be a leading provider of patient care management solutions for the hospital and the home”, Philips Chief Executive Frans van Houten said.

Cyber technology shares soar as security attacks pile up

Dec 18, 2020

“This news increases the awareness in regards to the federal government’s susceptibility to cyber attacks from Russia and other foreign entities,” said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta.

Morgan added that technology security companies are “all perceived to benefit from an increase in spending and awareness” he expects will happen as the U.S. government looks to prevent future hacks.

US nuclear weapons agency hacked in massive cybersecurity breach

Dec 18, 2020

The attack on Department of Energy has affirmed that the hackers were able to access the networks of the US national security enterprise.

The hackers are believed to have gained access to the federal agencies’ networks by compromising the software company SolarWinds, which sells IT management products to hundreds of governments and private-sector clients, POLITICO opined.

Hack against US is ‘grave threat’, cybersecurity agency says

Dec 18, 2020

The Cybersecurity and Infrastructure Security Agency said in its most detailed comments yet that the intrusion had compromised federal agencies as well as critical infrastructure in a sophisticated attack that was hard to detect and will be difficult to undo
This threat actor has demonstrated sophistication and complex tradecraft in these intrusions, the agency said in its unusual alert. CISA expects that removing the threat actor from compromised environments will be highly complex and challenging.

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