Revealed 2020 lawsuit: Former IBM VP of threat intelligence claims IBM and AT&T hid foreign cyber breaches to secure federal contract eligibility (Bloomberg)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
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Source: Techmeme
Lawsuit Overview: A former IBM executive has filed a lawsuit alleging that IBM and AT&T concealed foreign cyber breaches to maintain eligibility for federal contracts.
Cybersecurity Breaches: The lawsuit claims that the computer systems of IBM and AT&T were repeatedly compromised by foreign hackers.
Implications for Federal Contracts: The allegations suggest that the concealment of these breaches could have significant implications for the companies' ability to secure federal contracts.
Industry Response: The case highlights ongoing concerns about cybersecurity practices within major corporations and their transparency regarding breaches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
