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How Videoconferencing Can Put Trade Secrets at Risk

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By Richard Adhikari
Jan 29, 2021 5:00 AM PT
Like many companies in these pandemic-ridden days, the Smash My Trash group uses videoconferencing in its business dealings.
The Smash group consists of Smash My Trash LLC, which uses mobile trash compactors to compress trash in customers dumpsters, and Smash Franchise Partners, LLC, which sells the company s franchises.
One potential franchisee, serial entrepreneur Todd Perri, used the information gleaned from Smash s videoconferences to help set up a direct competitor.
Smash Franchise Partners last year filed suit in the Delaware Court of Chancery the Nation s preeminent forum for determining business disputes alleging Perri breached its trade secrets and used confidential information. ....

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Cyberthreat Hunter FireEye Hacked by Nation-State Attackers

Dec 9, 2020 2:20 PM PT
Cybersecurity firm FireEye, which has been prominent in the fight against nation-state cyberthreats, has been itself attacked by a highly sophisticated threat actor, one whose discipline, operational security, and techniques, company CEO Kevin Mandia announced Tuesday.
This indicates the attack is likely state-sponsored, by a nation with top-tier offensive capabilities.
FireEye is investigating the incident together with the United States Federal Bureau of Investigation and other key partners, including Microsoft.
The security vendor joined the Microsoft Intelligent Security Association (MISA) last year, an ecosystem of independent software vendors that have integrated their solutions for improved cybersecurity.
FBI Cyber Division assistant director Matt Gorham reportedly said that preliminary indications show an actor with a high level of sophistication consistent with a nation-state. ....

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Cloud Security Practices Playing Into Hands of Attackers | IT Leadership

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By Richard Adhikari
Jan 7, 2021 6:00 AM PT
More than 80 percent of 650 cybersecurity and IT professionals surveyed by Check Point Software Technologies in July said their traditional security solutions either do not work at all, or only provide limited functions in the cloud.
This indicates that organizations cloud migrations and deployments are racing ahead of their security teams abilities to defend against attacks and breaches, according to TJ Gonen, head of the company s cloud product line.
Their existing security solutions only provide limited protections against cloud threats, and teams often lack the expertise needed to improve security and compliance processes, said Gonen. ....

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How Videoconferencing Can Put Trade Secrets at Risk | Tech Law

Jan 29, 2021 5:00 AM PT
Like many companies in these pandemic-ridden days, the Smash My Trash group uses videoconferencing in its business dealings.
The Smash group consists of Smash My Trash LLC, which uses mobile trash compactors to compress trash in customers dumpsters, and Smash Franchise Partners, LLC, which sells the company s franchises.
One potential franchisee, serial entrepreneur Todd Perri, used the information gleaned from Smash s videoconferences to help set up a direct competitor.
Smash Franchise Partners last year filed suit in the Delaware Court of Chancery the Nation s preeminent forum for determining business disputes alleging Perri breached its trade secrets and used confidential information. ....

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Salesforce to Acquire Slack in $27.7 Billion Deal

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By Richard Adhikari
Dec 1, 2020 5:23 PM PT
CRM giant Salesforce on Tuesday signed a definitive agreement to purchase enterprise communications platform Slack, as widely expected.
Under the terms of the agreement, Salesforce will pay $26.79 in cash and 0.0776 shares of its common stock for each share of Slack, for a total of about $27.7 billion.
Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry, Salesforce stated.
Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it, said Marc Benioff, Chair and CEO, Salesforce.
This is a match made in heaven, Benioff continued. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes. ....

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