$MGT: John McAfee's investment firm hires hackers
Post# of 22756
Posted On: 06/10/2016 3:11:04 PM
$MGT: John McAfee's investment firm hires hackers to protect it -- from hackers
2:45 PM ET 6/10/16 | MarketWatch
By Sushma U N
The maverick of cybersecurity has formed a so-called Hacker Advisory Board
The developer of the first commercial antivirus program is back with another innovation. John McAfee, the maverick of cybersecurity has formed a so-called Hacker Advisory Board for his company, MGT Capital Investments (MGT) .
The board, comprising hackers Chris Roberts (https://www.washingtonpost.com/news/morning-mix/wp/2015/05/18/hacker-chris-roberts-told-fbi-he-took-control-of-united-plane-fbi-claims/), Bryce Case (known as YTCracker) and Alexander Heid (http://hackmiami.org/board-of-directors/), will help steer the company's technology in the field of cybersecurity threats, a company statement said.
This comes at a time when even large companies have fallen prey to hackers and cybercriminals. On Monday, Facebook CEO Mark Zuckerberg's Twitter, Instagram and Pinterest were hacked (www.marketwatch.com/story/mark-zuckerberg-is-just-like-you-and-me-and-got-hacked-because-of-it-2016-06-05) and a day later, National Football League was victim to hackers (http://www.marketwatch.com/story/hackers-breach-nfls-twitter-account-falsely-report-commissioner-dead-2016-06-07)who got into NFL's Twitter account and misused it.
Read:Rudy Giuliani compares cybersecurity to cancer and hackers to the Mafia (www.marketwatch.com/story/why-rudy-giuliani-thinks-cybersecurity-is-the-next-big-crisis-2016-01-28)
"Alexandre Fichet, designer of the first bank vault safe famously stated 'No one unschooled in the art of picking locks can design and build a decent safe.' It is with this principle in mind that we have enlisted world renowned hackers to advise in the development of our cybersecurity technology through our Hacker Advisory Board," John McAfee, the proposed executive chairman and chief executive of MGT Capital said.
MGT is acquiring a portfolio of cybersecurity technologies and intends to address various cyberthreats through advanced protection technologies for mobile and personal devices including tablets and smartphones. The company is in the process of acquiring D-Vasive, which provides anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform, the statement said. Also, the company said it intends to change its corporate name to John McAfee Global Technologies Inc. upon closing of the D-Vasive deal.
2:45 PM ET 6/10/16 | MarketWatch
By Sushma U N
The maverick of cybersecurity has formed a so-called Hacker Advisory Board
The developer of the first commercial antivirus program is back with another innovation. John McAfee, the maverick of cybersecurity has formed a so-called Hacker Advisory Board for his company, MGT Capital Investments (MGT) .
The board, comprising hackers Chris Roberts (https://www.washingtonpost.com/news/morning-mix/wp/2015/05/18/hacker-chris-roberts-told-fbi-he-took-control-of-united-plane-fbi-claims/), Bryce Case (known as YTCracker) and Alexander Heid (http://hackmiami.org/board-of-directors/), will help steer the company's technology in the field of cybersecurity threats, a company statement said.
This comes at a time when even large companies have fallen prey to hackers and cybercriminals. On Monday, Facebook CEO Mark Zuckerberg's Twitter, Instagram and Pinterest were hacked (www.marketwatch.com/story/mark-zuckerberg-is-just-like-you-and-me-and-got-hacked-because-of-it-2016-06-05) and a day later, National Football League was victim to hackers (http://www.marketwatch.com/story/hackers-breach-nfls-twitter-account-falsely-report-commissioner-dead-2016-06-07)who got into NFL's Twitter account and misused it.
Read:Rudy Giuliani compares cybersecurity to cancer and hackers to the Mafia (www.marketwatch.com/story/why-rudy-giuliani-thinks-cybersecurity-is-the-next-big-crisis-2016-01-28)
"Alexandre Fichet, designer of the first bank vault safe famously stated 'No one unschooled in the art of picking locks can design and build a decent safe.' It is with this principle in mind that we have enlisted world renowned hackers to advise in the development of our cybersecurity technology through our Hacker Advisory Board," John McAfee, the proposed executive chairman and chief executive of MGT Capital said.
MGT is acquiring a portfolio of cybersecurity technologies and intends to address various cyberthreats through advanced protection technologies for mobile and personal devices including tablets and smartphones. The company is in the process of acquiring D-Vasive, which provides anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform, the statement said. Also, the company said it intends to change its corporate name to John McAfee Global Technologies Inc. upon closing of the D-Vasive deal.
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