Shares of Symantec Corporation (NASDAQ:SYMC) ended Friday session in green amid volatile trading. The shares closed up +0.09 points or 0.36% at $25.10 with 10,888,079 shares getting traded. Post opening the session at $25.09, the shares hit an intraday low of $24.98 and an intraday high of $25.20 and the price vacillated in this range throughout the day. The company has a market cap of $15.68 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 Zynga Inc (NASDAQ:ZNGA) ended Friday session in green amid volatile trading. The shares closed up +0.10 points or 3.56% at $2.91 with 16,957,843 shares getting traded. Post opening the session at $2.83, the shares hit an intraday low of $2.81 and an intraday high of $2.93 and the price vacillated in this range throughout the day. The company has a market cap of $2.66 billion and the numbers of outstanding shares have been calculated to be 764.83 million shares.
Zynga Inc (ZNGA) on Sept. 29, 2016 announced that the Company has appointed Gerard Griffin as Chief Financial Officer effective immediately. Griffin will oversee accounting, finance and investor relations, and will report directly to Chief Executive Officer Frank Gibeau.
“Gerard’s 25 years of financial experience and deep understanding of the games, media and technology industries will be instrumental to Zynga,” said Gibeau. “His disciplined financial leadership and approach of working closely with teams to deliver high margin digital revenue, coupled with his ability to navigate business turnarounds, will help put us in a stronger position to achieve long-term growth.”
Griffin, 49, brings to Zynga more than two decades of industry experience in financial and operational management within the gaming, media and technology sectors. Before joining Zynga, Griffin spent more than 10 years at Electronic Arts, Inc., a global leader in digital interactive entertainment. Most recently, he served as Senior Vice President of Finance where he was the finance leader for EA’s Studios, Marketing and Publishing organizations. Before that, he spent more than six years in Geneva, Switzerland as Vice President and Chief Financial Officer for EA International. In that role, Griffin oversaw EA’s international finance functions and served as the lead finance partner to EA’s Chief Operating Officer and Global Publishing organization.
Prior to joining EA, Griffin held a number of senior finance roles domestically and internationally at technology and media companies, including NBC and Primedia, as well as in public accounting with KPMG.
“I’ve always had a passion for media and entertainment, and I’m incredibly excited by Zynga’s unique ability to connect people around the world through games,” said Griffin. “With a strong portfolio of innovative IP, deep player relationships and incredible talent, the company is well positioned to be a leader in the growing mobile industry. I look forward to partnering collaboratively with Frank and the rest of the team to deliver on Zynga’s potential and long-term value through a player-first approach to building great games.”