Hon Hai Precision Industry Co Ltd
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Based in Taiwan, Province Of China
Company profile

Hon Hai Precision Industry Co Ltd is a Taiwan-based company mainly engaged in the provision of various connectors, housings, radiators, assembled products and related products related to the information industry, communication industry, automation equipment industry, optoelectronics industry, precision machinery industry, automotive industry, and consumer electronics industry, as well as the manufacture and sale of network cable assembly and other products. The Company's products include components, modules and system assembly products in the fields of computers, modules and consumer electronics (3C) electronic products. The components include 3C connectors, wire-mounted products and other components. The modules include mechanical modules and electronic modules. The system assembly products include assembly of finished products of 3C products. The Company operates businesses in domestic and overseas markets.

Closing Price
$2.88
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.88
Day's Low
2.88
Volume
15,600

Microsoft was breached in SolarWinds cyberattack, in what one exec calls 'a moment of reckoning'

9:58 pm ET December 17, 2020 (MarketWatch)
Print

By Mike Murphy

Microsoft exec says attack is 'ongoing,' but company denies report that its products furthered the hack

Microsoft Corp. was breached as part of the massive hack that used a backdoor in SolarWinds software, as part of what the tech giant's president called "effectively an attack on the United States."

Reuters reported (https://www.reuters.com/article/us-global-cyber-microsoft/exclusive-microsoft-breached-in-suspected-russian-hack-using-solarwinds-sources-idUSKBN28R3BY?il=0) Thursday that after infiltrating Microsoft, hackers used its products to attack others.

While Microsoft (MSFT) officials confirmed the breach, they denied its products were used to further the hack.

"Like other SolarWinds customers, we have been actively looking for indicators of this actor and can confirm that we detected malicious SolarWinds binaries in our environment, which we isolated and removed," Microsoft spokesman Frank Shaw said on Twitter (https://twitter.com/fxshaw/status/1339728948104581120). "We have not found evidence of access to production services or customer data. Our investigations, which are ongoing, have found absolutely no indications that our systems were used to attack others."

In a blog post Thursday (https://blogs.microsoft.com/on-the-issues/2020/12/17/cyberattacks-cybersecurity-solarwinds-fireeye/), Microsoft President Brad Smith said: "This latest cyber-assault is effectively an attack on the United States," calling the hack "a moment of reckoning."

The hack, which was first reported Sunday (https://www.marketwatch.com/story/treasury-department-reportedly-breached-by-hackers-01607895145), may be the most widespread and most damaging ever to strike the U.S. The Cybersecurity and Infrastructure Security Agency said Thursday that "critical infrastructure" had been breached (https://www.marketwatch.com/story/sophisticated-hack-compromised-federal-agencies-as-well-as-critical-infrastructure-u-s-cybersecurity-agency-01608238575), and that the risk to government and private networks was "grave."

Roughly 18,000 companies -- including the vast majority of S&P 500 companies -- and U.S. government agencies, such as Treasury and Commerce, were victims of the malware. SolarWinds (SWI) said Thursday it has already patched (https://www.marketwatch.com/story/solarwinds-says-it-patched-software-vulnerability-11608243137) the software vulnerability. The Wall Street Journal reported (https://www.wsj.com/articles/hack-suggests-new-scope-sophistication-for-cyberattacks-11608251360?mod=mktw) Thursday that the hackers were extraordinarily stealthy and used never-before-seen hacking tools. The government and companies are still figuring out how much information has been compromised.

Smith said Microsoft's cybersecurity team agrees with conclusions of FireEye (FEYE) CEO Kevin Mandia, who said a nation-state was most likely behind the attack. Russia is the prime suspect.

"The attack unfortunately represents a broad and successful espionage-based assault on both the confidential information of the U.S. government and the tech tools used by firms to protect them," Smith said.

Smith warned that the attack is "ongoing," and said at least seven other countries had been hit, including Canada, the U.K., Spain, Israel and the UAE. "It's certain that the number and location of victims will keep growing," he said.

"This is not 'espionage as usual,' even in the digital age," Smith said. "Instead, it represents an act of recklessness that created a serious technological vulnerability for the United States and the world. In effect, this is not just an attack on specific targets, but on the trust and reliability of the world's critical infrastructure."

He called for a strong, coordinated global response to cyberattacks, from both private and public sectors, as well as holding nations accountable for cyberattacks.

"We live in a more dangerous world, and it requires a stronger and more coordinated response," Smith wrote.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 17, 2020 21:58 ET (02:58 GMT)

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