Cyber liability insurance helps cover losses incurred by a virus attack against gadgets such as laptops, tablets or desktop computers. With the growing prevalence of cyber attacks, getting a computer …
NEW YORK, May 15, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Business Machines Corporation (NYSE: IBM) between April 4, 2017 and October 20, 2021, inclusive (the “Class Period”), of the important June 6, 2022 lead plaintiff deadline.
SO WHAT: If you purchased IBM securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the IBM class action, go to https://rosenlegal.com/submit-form/?case_id=5104 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super…
LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against International Business Machines Corporation (“IBM” or “the Company”) (NYSE: IBM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 4, 2017 and October 20, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before June 6, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. IBM artificially inflated its Strategic Imperatives Revenue and growth, CAMSS (the sectors of “Cloud,” “Analytics,” “Mobile,” “Security,” and “Social”) revenue and growth, and other related business metrics through a scheme of wrongfully reclassifying revenues from non-strategic to strategic. The Company’s growth prospects in Strategic Imperatives were actually fueled by this reclassification scheme, not organic growth. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about IBM, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The report underscores the growing dangers that ransomware attacks by foreign criminal enterprises posed to American industries. Lawmakers have been deeply concerned about the impact of such attacks, including on the financial and health-care sectors, in the pandemic.
The coronavirus inspired an unprecedented number of online scams preying on the fears of both consumers and businesses – and a mass migration of employees to remote work created a perfect storm.
“When workers move to home environments, they are essentially becoming their own I.T. support,” said Steve Grobman, senior vice president and chief technology officer at McAfee. “It’s really about understanding that this is a different environment and building a security strategy to effectively defend it.”
This is their fourth such report on global cybercrime. It “surveyed publicly available information on national losses, and, in a few cases, we used data from not-for-attribution interviews with cybersecurity officials,” the report said.
The increase in cybercrime stems in part from the dramatic shift in the threat landscape in just the past two years, said Grobman, as hackers move from targeting specific machines or users to whole organizations, using human operators to make the attacks even more effective.
“The reason that is so costly to organizations is it’s much more difficult to investigate and recover when an organization doesn’t necessarily know the full scope of a cyberattack and therefore has to do a much more in-depth investigation,” he says. Global spending on cybersecurity is expected to exceed $145 billion in 2020, researchers note.
The average ransomware attack knocks a company’s systems offline for 18 hours — more than enough time to have serious consequences for productivity.
“Most of the incidents are not always successful in the sense of getting money out, but they’re successful in the sense of disrupting operations, disrupting networks,” says the CSIS’s James Lewis, who directed the report. “It’s not just your monetary losses in the sense of, you know, ‘they took this cash…