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Tag: United States Department of Justice (DOJ)


DoJ to implement E.O. targeting data security for personal and government-related information

Cybersecurity

DoJ to implement E.O. targeting data security for personal, government-related info

February 29, 2024SSN Staff

WASHINGTON, D.C. – On Feb. 28, 2024, the Biden-Harris Administration issued an executive order (E.O.) directing the U.S. Department of Justice (DOJ) to address national security risks regarding foreign entities accessing personal and government-related data. The order will see the DoJ implementing provisions outlined in the document on behalf of the attorney general targeting entities listed as countries of concern (China, Russia, Iran, North Korea, Cuba, and Venezuela) under the...

Advance Notice of Proposed Rulemaking (ANPRM), biometric security, fintech, Lisa Monaco, Matthew G. Olsen, United States Department of Justice (DOJ)


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Monitoring Matters

United they fall

February 28, 2024Ken Showers, Managing Editor

Oh man, I really don’t like doing the same topic two weeks in a row, but we have to talk about ransomware again. It should be about the ADT webcast, but we’ll save that one for next week, as a treat. Instead, today we’re going to take our medicine and I get to say I told you so while discussing the ransomware attack on UnitedHealthcare by BlackCat. You’ll remember BlackCat (ALPHV) because we’ve covered it before, but also because in this very blog spot last week I...

ADT, ALPHV, BlackCat, FTC, Ransomware, United States Department of Justice (DOJ), UnitedHealthcare


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ASSA ABLOY reaches settlement with U.S. Department of Justice

Residential

ASSA ABLOY reaches settlement with U.S. Department of Justice

May 6, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – Global access solutions provider ASSA ABLOY has resolved its lawsuit with the U.S. Department of Justice (DoJ), paving the way forward for its acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). On May 5 the company reached a settlement with the DoJ that will see ASSA ABLOY move forward with its divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. At the time ASSA...

antitrust, Assa Abloy, Emtek, Fortune Brands, Jonathan Kanter, Mergers & Acquisitions, Nico Delvaux, Residential, Smart Residential, Spectrum Brands’ Hardware and Home Improvement division (“HHI”), United States Department of Justice (DOJ)


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ASSA ABLOY delivers Q1 results as trial gets underway

Residential

ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)


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Monitoring Matters

Earnestly Speaking

April 26, 2023Ken Showers, Managing Editor

The day of this blog marks the start of several weeks’ worth of Q1 quarterly earnings calls, and it’s my greatest hope that someone will have something exciting to say. Make no mistake, from what I’ve seen of the industry these past few months it sounds like business is booming and a lot of companies are going to post some impressive first quarter numbers, but that’s boring. “Everybody made money” is a good story, but its not a very interesting story. So...

Assa Abloy, Earnings Call, First Quarter (Q1), NRG Energy, United States Department of Justice (DOJ), Vivint


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U.S. Marshals suffer Ransomware breach containing personal data

Cybersecurity

U.S. Marshals suffer ransomware breach containing personal data

February 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – The U.S. Marshals Service (USMS) suffered a cybersecurity data breach in February, affecting what it referred to as “sensitive personal data.” First reported by NBC News, USMS spokesperson Drew Wade, chief of the Office of Public Affairs, told the outlet that a ransomware attack occurred and constituted a major incident. The breach occurred on Feb. 17, according to Wade, and was limited to a “stand-alone USMS System." An investigation revealed that...

cyber security, data breach, Drew Wade, malware, NBC News, Picus Labs, Suleyman Ozarslan, United States Department of Justice (DOJ), United States Marshals Service (USMS)


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FBI infiltrates and disrupts Hive ransomware network

Cybersecurity

FBI infiltrates and disrupts Hive ransomware network

January 27, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – Diligence has paid off for the Federal Bureau of Investigations (FBI) as it revealed the results of a months-long disruption campaign against a ransomware group. In a press conference on Jan. 26, the U.S. Department of Justice (DoJ) announced their successful penetration into the group whose targets included hospitals, school districts, and other critical infrastructure. “We are here to announce that last night, we dismantled an international ransomware network responsible...

Commonspirit Health System, critical infrastructure, decryption keys, Federal Bureau of Investigation (FBI), Hive ransomware group, Hüseyin Can Yuceel, Memorial Health System, Merrick Garland, Ransomware, Sila Ozeren, United States Department of Justice (DOJ)


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ASSA ABLOY completes sale of Emtek and Smart Residential towards HHI acquisition

Residential

ASSA ABLOY completes sale of Emtek and Smart Residential toward HHI acquisition

December 2, 2022SSN Staff

YARMOUTH, Maine – On Dec. 2 ASSA ABLOY announced that it has entered into binding agreements with Fortune Brands Home & Security with regard to the sale of its Emtek and Smart Residential businesses. Following ASSA ABLOY’s bid to acquire Spectrum Brands HHI (Home and Hardware Improvement) division, the U.S. Department of Justice (DoJ) filed an antitrust lawsuit to block it on Sept. 15, 2022. As part of efforts to clear a path for the acquisition ASSA ABLOY moved to divest...

Assa Abloy, Emtek, Fortune Brands Home & Security, Jonathan Kanter, Nico Delvaux, Smart Residential, Spectrum Brands HHI, United States Department of Justice (DOJ)


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Assa Abloy shows growth in Q3 results, commitment to HHI acquisition

Suppliers

Assa Abloy shows growth in Q3, commits to HHI acquisition

October 28, 2022Ken Showers, Managing Editor

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

Assa Abloy, Control iD, COVID, DHL, DoorBird, EBITDA, Emtek Products, intercom, Nico Delvaux, smart locks, Smart Residential, Third Quarter (Q3), United States Department of Justice (DOJ)


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DoJ snares foxes in their own trap, indicts thirteen

General News

DoJ snares foxes in its own trap, indicts 13

October 24, 2022Ken Showers, Managing Editor

WASHINGTON, D.C. – During a press conference on Oct. 24, 2022, the United States Department of Justice announced that 13 individuals have been charged - including two already in custody - in three separate cases ranging from espionage to intimidation on behalf of the government of the People’s Republic of China (PRC). “Earlier today in the Eastern District of New York a complaint was unsealed charging two PRC intelligence officers with attempting to obstruct,...

Alexander Solomon, Christopher Wray, Federal Bureau of Investigation (FBI), Guangyang An, Hikvision, Huawei, Operation Fox Hunt, People’s Republic of China (PRC), Quanzhong An, United States Attorney General, United States Department of Justice (DOJ), video surveillance equipment, Xi Jinping


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