Latest news with #AmericanTelecom
Japan Times
5 days ago
- Politics
- Japan Times
Chinese hacked U.S. telecom a year before known wireless breaches
Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country's attackers penetrated the U.S. communications system earlier than publicly known. Investigators working for the telecommunications firm discovered last year that malware used by Chinese state-backed hacking groups was on the company's systems for seven months starting in the summer of 2023, according to a document and two people familiar with the matter. The document, an unclassified report sent to Western intelligence agencies, doesn't name the company where the malware was found and the people familiar with the matter declined to identify it. The 2023 intrusion at an American telecommunications company came about a year before U.S. government officials and cybersecurity companies said they began spotting clues that Chinese hackers had penetrated many of the country's largest phone and wireless firms. The U.S. government has blamed the later breaches on a Chinese state-backed hacking group dubbed Salt Typhoon. It's unclear if the 2023 hack is related to that foreign espionage campaign and, if so, to what degree. Nonetheless, it raises questions about when Chinese intruders established a foothold in the American communications industry. "We've known for a long time that this infrastructure has been vulnerable and was likely subject to attack,' said Marc Rogers, a cybersecurity and telecommunications expert. "What this shows us is that it was attacked, and that going as far back as 2023, the Chinese were compromising our telecom companies.' A representative of the Chinese government embassy in Washington emphasized in a statement the difficulty of determining the origins of hacks, and said the U.S. and its allies have been responsible for cyberattacks on China. "The relevant party needs to stop using cybersecurity to smear and slander China, and stop spreading all kinds of disinformation about the so-called Chinese hacking threats,' said spokesperson Liu Pengyu. Representatives of the U.S. Central Intelligence Agency, National Security Agency, Federal Bureau of Investigation, and Cybersecurity and Infrastructure Security Agency all declined to comment. In the Salt Typhoon compromises, U.S. officials have said, hackers infiltrated AT&T, Verizon and seven other U.S. telecommunications companies, vacuuming up the personal data of millions of Americans and targeting the phones of the presidential candidate Donald Trump, his running mate JD Vance and then-Vice President Kamala Harris. Those hacks were part of a "multi-year operation' that "breached multiple layers of major telecom networks,' Laura Galante, director of the Cyber Threat Intelligence Integration Center at the Office of the Director of National Intelligence from 2022 until January, said in written testimony to Congress in April. It was as the government and telecommunication industry was racing to counter those hacks in the fall of 2024 that cybersecurity investigators found evidence of the 2023 breach. That discovery followed a tip from U.S. intelligence agencies, said one of the people. At various points during the response to the Salt Typhoon hacks, U.S. intelligence services advised companies to look for a specific piece of Chinese malware, known as Demodex, according to that person and two others familiar with the matter. They all spoke on condition that they not be identified discussing the sensitive information. Demodex is a "rootkit' that gives hackers deep and secretive access to an infected machine. Several cybersecurity companies have said in public reports that Demodex has been used by a Chinese hacking group that's targeted telecommunication companies and governments in Southeast Asia. The malware has also been tied to the Salt Typhoon attackers, as well as other hacking groups, and was used in attacks on telecommunications firms in Thailand, Afghanistan and Indonesia, said Allan Liska, a threat analyst at the security firm Recorded Future. The malicious program was developed by employees of companies that work for the Chinese Ministry of State Security, said Michael Freeman, the head of threat intelligence at cybersecurity firm Armis. Freeman said his firm has spent years tracking the work of one of the developers. In the 2023 U.S. telecommunications breach, hackers accessed the computers of IT administrators at the company, the two people said. The investigation found that the malware had been on the firm's systems until late winter of 2024, according to the report, which was sent to American and other Western intelligence agencies last October. The report only identifies the company where the malware was found as being "known for providing services to the defense, travel and logistics industries.' It's unclear what the hackers did once they were inside the breached machines because Demodex is designed to leave few digital traces, the people said. The malware includes code that temporarily terminates a common Microsoft security program, Defender, according to the report. While that safeguard is down, the report states, the program takes steps to hide itself and future activity. A spokesperson representing Microsoft, Michelle Rose Micor, declined to comment.
Yahoo
10-05-2025
- Business
- Yahoo
Globalstar First Quarter 2025 Earnings: Misses Expectations
Revenue: US$60.0m (up 6.3% from 1Q 2024). Net loss: US$17.3m (loss widened by 9.4% from 1Q 2024). US$0.14 loss per share (further deteriorated from US$0.13 loss in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates. Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in the US. Performance of the American Telecom industry. The company's shares are down 14% from a week ago. While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Globalstar's balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
Lumen Technologies First Quarter 2025 Earnings: Beats Expectations
Revenue: US$3.18b (down 3.3% from 1Q 2024). Net loss: US$201.0m (down by 453% from US$57.0m profit in 1Q 2024). US$0.20 loss per share (down from US$0.058 profit in 1Q 2024). We've discovered 2 warning signs about Lumen Technologies. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Telecom industry in the US are expected to grow by 2.9%. Performance of the American Telecom industry. The company's shares are up 13% from a week ago. It is worth noting though that we have found 2 warning signs for Lumen Technologies (1 doesn't sit too well with us!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
02-05-2025
- Business
- Yahoo
ATN International First Quarter 2025 Earnings: EPS Misses Expectations
Revenue: US$179.3m (down 4.0% from 1Q 2024). Net loss: US$8.93m (loss widened by 17% from 1Q 2024). US$0.59 loss per share (further deteriorated from US$0.50 loss in 1Q 2024). We've discovered 2 warning signs about ATN International. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in the US. Performance of the American Telecom industry. The company's shares are down 14% from a week ago. What about risks? Every company has them, and we've spotted 2 warning signs for ATN International (of which 1 is potentially serious!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
27-04-2025
- Business
- Yahoo
Iridium Communications First Quarter 2025 Earnings: Beats Expectations
Revenue: US$214.9m (up 5.4% from 1Q 2024). Net income: US$30.4m (up 55% from 1Q 2024). Profit margin: 14% (up from 9.6% in 1Q 2024). EPS: US$0.28 (up from US$0.16 in 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in Iridium Communications. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in the US. Performance of the American Telecom industry. The company's shares are down 11% from a week ago. It is worth noting though that we have found 2 warning signs for Iridium Communications (1 is a bit unpleasant!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
