IT Executive news

• Chinese firm admits its hacked products were behind Friday's massive DDOS attack

  23-10-2016 21:01
  
  A Chinese electronics component manufacturer says its products inadvertently played a role in a massive cyberattack that disrupted major internet sites in the U.S. on Friday.Hangzhou Xiongmai Technology, a vendor behind DVRs and internet-connected cameras, said on Sunday that security vulnerabilities involving weak default passwords in its products were partly to blame.According to security researchers, malware known as Mirai has been taking advantage of these vulnerabilities by infecting the de
  
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• AT&T will acquire Time Warner for $85.4B in content play

  23-10-2016 05:30
  AT&T said it will acquire Time Warner for US$85.4 billion, reflecting a continuing trend for the consolidation of communications and media companies.The deal aims to combine content from Time Warner, which has a film studio and a vast library of entertainment, with AT&T’s distribution network of mobile services, broadband and TV in the U.S., Mexico and Latin America, AT&T said late Saturday.Under the part cash, part stock deal, Time Warner shareholders will receive $107.50 per
  
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