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After Google hack, warnings pop up in SEC filings




After Google hack, warnings pop up in SEC filings
After Google hack, warnings pop up in SEC filings



http://www.computerworld.com/s/article/9177845/After_Google_hack_warnings_pop_up_in_SEC_filings 

By Robert McMillan
IDG News Service
June 8, 2010

Five months after Google was hit by hackers looking to steal its 
secrets, technology companies are increasingly warning their 
shareholders that they may be materially affected by hacking attempts 
designed to take valuable intellectual property.

In the past few months Google, Intel, Symantec and Northrop Grumman -- 
all companies thought to have been targets of a widespread spying 
operation -- have added new warnings to their U.S. Securities and 
Exchange Commission filings informing investors of the risks of computer 
attacks.

Google doesn't talk about the specific attack against its systems, but 
it now warns shareholders that this type of event is a material risk.

"[O]utside parties may attempt to fraudulently induce employees, users, 
or customers to disclose sensitive information in order to gain access 
to our data or our users' or customers' data," Google wrote in a section 
added to its annual financial report in February, a month after it 
disclosed the hacking incident.

[...]


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