Shares of Symantec Corporation (NASDAQ:SYMC) ended Monday session in red amid volatile trading. The shares closed down -0.08 points or -0.32% at $24.96 with 5.74 million shares getting traded. Post opening the session at $24.95, the shares hit an intraday low of $24.77 and an intraday high of $25.05 and the price vacillated in this range throughout the day. The company has a market cap of $15.51 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.
As attackers are now highly aware of insufficient IoT security, many pre-program their malware with commonly used and default passwords, allowing them to easily hijack IoT devices. Poor security on many IoT devices makes them easy targets, and often victims may not even know they have been infected.
Shares of Rennova Health Inc (NASDAQ:RNVA) ended Monday session in red amid volatile trading. The shares closed down -0.025 points or -11.59% at $0.194 with 1.99 million shares getting traded. Post opening the session at $0.22, the shares hit an intraday low of $0.18 and an intraday high of $0.23 and the price vacillated in this range throughout the day. The company has a market cap of $9.13 million and the numbers of outstanding shares have been calculated to be 48.63 million shares.
Rennova Health Inc (RNVA) on September 14, 2016 announced that on September 13, 2016, Nasdaq confirmed that the Company had been granted an extension of 180 days to comply with rule 5550(a)(2) (“the Rule”), relating to the bid price of the Company’s common stock not meeting the minimum $1.00 per share requirement for continued listing.
Nasdaq staff determined that the Company was eligible for an additional 180 calendar day period to regain compliance, based on the Company meeting the continued listing requirement for the market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period, including effecting a reverse stock split if necessary.
If at any time before March 13, 2017, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Rule, and the matter will be closed.