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MarketScreener Homepage  >  Equities  >  Nasdaq  >  FireEye, Inc.    FEYE

FIREEYE, INC.

(FEYE)
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FireEye : Hackers, cybercriminals target victims with coronavirus fears, experts warn

03/18/2020 | 06:21am EST

Computer security experts are warning about a rise in cyberattacks that are seeking to capitalize on the coronavirus outbreak for financial and political gain.

Cybersecurity company FireEye and IBM's X-Force say cybercriminals from nations that include China, Russia, North Korea, Vietnam, India, Brazil and the United States are behind the efforts. Some, they say, include sending emails while posing as health organizations in attempts to infect victims' computers with malicious software.

Benjamin Read, senior manager of cyber espionage analysis at FireEye, said his firm has also observed espionage attacks targeting government entities as well as widespread financial-based plots.

"We've definitely seen some of it targeting individuals, also some going at corporations and really what the bad guys are seeking to do with that is going to vary based on who they get into," Read said. "The cybercrime ecosystem is very split up, so you have efforts that are very focused on getting initial entry."

He said FireEye has determined hacking groups typically track events online based on what potential victims are most likely to click on, increasing the risk as concern over the virus continues to grow.

"The global reach of these is more reflective of the global interest than any specific geopolitical ties," he said.

FireEye and X-Force have both observed malicious campaigns and bogus emails written in English, Italian, Chinese and other languages that contain links and file attachments purporting to contain vital information about the outbreak of the coronavirus.

"We have seen samples of spam claiming to be from the World Health Organization, Chinese Health Ministry and Japan Health Ministry distributing malware, and links to various online shops trying to scam the user by selling face masks that claim to protect against coronavirus," IBM X-Force security analyst Ashkan Vila said.

The WHO has issued a warning about such attacks and outlined what legitimate emails will look like, and the U.S.Secret Service also advised Americans to watch out for "phishing" attacks related to the coronavirus.

Earlier this week, the National Security Council also warned about false rumors being spread by text message of a national quarantine in the United States -- and the Department of Health and Human Services was targeted by hackers who overloaded its servers for hours.

Vila said cybercriminals' main goal is finding money, via stolen credit card data or mining valuable personal data to sell on the "dark web." Experts say their main tactic to steal valuable information is trumping up fear about the coronavirus.

"These threat actors often like to use the fear and panic of people concerned about COVID-19 to bypass their natural skepticism they might have for an email they're seeing," Vila noted.

So far, experts say, most attacks and efforts have centered on bogus health emails that contain attachments or a link of some kind. The best way to avoid being victimized, they add, is for people to be skeptical. Don't open attachments or click on any hyperlink contained in suspicious emails from unknown sources, and do your best to confirm the origin of the emails.

Another way to avoid being fooled, they say, is to never use your official work email account to sign up for personal services.

"The more you use your business email address for registering for personal accounts like social media, subscriptions and other services, the more likely it might get used by spammers," Vila said. "This helps to ensure that you are only receiving emails that you expect to receive."

Copyright 2020 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

Stocks mentioned in the article
ChangeLast1st jan.
FIREEYE, INC. 1.59% 15.36 Delayed Quote.-7.08%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.12% 124.35 Delayed Quote.-7.23%
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Financials (USD)
Sales 2020 933 M - -
Net income 2020 -202 M - -
Net cash 2020 50,1 M - -
P/E ratio 2020 -17,1x
Yield 2020 -
Capitalization 3 471 M 3 471 M -
EV / Sales 2020 3,67x
EV / Sales 2021 3,40x
Nbr of Employees 3 400
Free-Float 96,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 17,03 $
Last Close Price 15,36 $
Spread / Highest target 43,2%
Spread / Average Target 10,9%
Spread / Lowest Target -8,85%
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Managers
NameTitle
Kevin R. Mandia Chief Executive Officer & Director
Enrique T. Salem Chairman
Peter H. Bailey Chief Operating Officer & Executive Vice President
Frank E. Verdecanna EVP, Chief Financial & Accounting Officer
Ronald E. F. Codd Independent Director
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