Items tagged with NASDAQ:EMC

EMC, a major player in IT storage hardware solutions for data backup and recovery chores headquartered in Masschusetts, has reportedly agreed to acquire Cloudscaling Group, a San Francisco-based startup that provides on-premise elastic cloud infrastructure solutions, for less than $50 million. That figure comes from Bloomberg and the "people with knowledge of the situation" that it spoke with. The sources asked not to be identified because the transaction hasn't been completed or made public knowledge yet, though it's also being reported that the deal has been confirmed by EMC spokesperson Dave... Read more...
According to a new report, the NSA once paid the RSA Security $10M to implement a flawed security standard as the default protocol in its products. This new information builds on allegations from September that claimed the RSA had deployed a flawed, broken cryptographic standard. The new allegations, like much of what we've learned about the modern National Security Agency, comes from the files one-time Booz Allen contractor Edward Snowden began releasing this spring. If true, the blowback could destroy the RSA's credibility in the cryptographic world. The practical fallout from this news is likely... Read more...