A nonpublic report received by The Washington Post late last month has identified over two dozen major U.S. defense and weapons systems that were compromised by an extended cyber exploitation mission. The report was compiled in January 2013 by the Defense Science Board (“DSB”) Task Force on Resilient Military Systems, a senior advisory group to the Department of Defense (“DoD”). A public version of the report is available, though it does not include the specific systems and technologies targeted in the breach. The public version also does not directly accuse China of perpetrating the breach, though The Washington Post has reported that “senior military and industry officials with knowledge of the breaches said the vast majority were part of a widening Chinese campaign of espionage against U.S. defense contractors and government agencies.”
Click here to continue reading this article, located in Aronson Capital Partners’ May Market update.
WASHINGTON—The Federal Bureau of Investigation’s top cyber cop offered a grim appraisal of the nation’s efforts to keep computer hackers from plundering corporate data networks: “We’re not winning,” he said.
Shawn Henry, who is preparing to leave the FBI after more than two decades with the bureau, said in an interview that the current public and private approach to fending off hackers is “unsustainable.” Computer criminals are simply too talented and defensive measures too weak to stop them, he said.
We invite you to read our November 2011 Newsletter, featuring the following topics:
* Commentary on Recent M&A & Public Company News
* Government Services YTD Industry Performance
* Public Company Metrics
* Recent Defense & Government Services M&A Transactions
Click the following link for a complete pdf file of the newsletter: ACP Monthly M&A Update – November Edition
The State Department’s approach to cybersecurity is so innovative and effective that companies are clamoring to copy it. Although the GAO has identified a handful of issues with the State Department’s network security system, the initiative has been praised since the State Department has suffered several embarrassing information breaches in the recent past. For example, in 2010, the Department saw the release of thousands of sensitive diplomatic cables by WikiLeaks. This current step toward network security is expected to thwart such attacks.
Even with these organic initiatives, Aronson Capital Partners continue to see strong demand for robust cybersecurity solutions from various government agencies. In a tight budgetary environment, we believe the cybecsecurity subsegment will continue to see uninterrupted growth.
ACP recently advised TexelTek on its sale to TASC and we saw an insatiable appetite for the asset among interested parties. We’re suggesting to clients this is a good time to consider strategic alternatives while demand continues to remain strong.
Please see link to WSJ article after the jump.