Tag Archive for: Quarter

Shaw Announces Third Quarter and Year-to-Date Fiscal 2021

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  • Shaw delivers third quarter financial and subscriber performance in line with expectations and confirms the Company remains on track to achieve its current fiscal 2021 guidance
  • Shaw shareholders overwhelmingly voted in favour of the proposed business combination with Rogers Communications at special meeting of shareholders held on May 20, 2021
  • The Company redeemed all its issued and outstanding preferred shares on June 30, 2021 for an aggregate redemption price of $300 million

CALGARY, Alberta, June 30, 2021 (GLOBE NEWSWIRE) — Shaw Communications Inc. (“Shaw” or the “Company”) announces consolidated financial and operating results for the quarter ended May 31, 2021. Consolidated revenue increased by 4.8% to $1.38 billion, adjusted EBITDA1 increased 5.4% year-over-year to $642 million and net income increased 92.4% to $354 million. Third quarter results include incremental Wireline Consumer revenue of approximately $20 million related to the release of a provision following the Canadian Radio-television and Telecommunications Commission (CRTC) decision on final aggregated Third Party Internet Access (TPIA) rates, substantially offset by approximately $25 million higher employee related costs primarily driven by equity-based compensation due to the significant increase in Shaw’s share price and adjustments to employee benefit provisions. Excluding the aforementioned items, consolidated revenue and adjusted EBITDA increased approximately 3.3% and 6.2%, respectively.

“Following nearly two years of regulatory uncertainty impacting our industry, the recent decisions by the CRTC have restored confidence in the regulatory framework and provided the necessary certainty to make the generational facilities–based investments that are required and critical in support of the latest technologies, strong competition and choice for more Canadians. By Shaw and Rogers coming together, the combined entity will have the scale, assets and capabilities to confidently invest billions of dollars that will serve future generations, help to close the digital divide and deliver coast-to-coast 5G service throughout Canada,” said Brad Shaw, Executive Chair & Chief Executive Officer.

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Report: number of cyber security incidents up by quarter

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Presented at the Ministry of National Defense, the documents state that Russia-linked cyber groups are also exploiting infrastructure vulnerabilities in Lithuania, carrying out attacks on COVID-19 vaccine producers.

According to institutional data, the number of cybersecurity incidents rose by 25 percent last year, and the number of incidents related to the spread of malware jumped by as much as 49 percent.

Vice Minister of National Defense Margiris Abukevicius told BNS the number of incidents is growing as more and more devices are connected to the internet, the number of unsafe websites is increasing and also due to the remaining lack of cybersecurity hygiene.

“COVID-19 has had an unavoidable impact as well. When we look into the correlation between the rise in the number of cybersecurity incidents and lockdown restrictions, so that correlation is very obvious, especially during the first lockdown,” the vice minister said.

Analysts say the Seimas election and political changes also had an impact on the rise in incidents, although specific attempts to affect the election were avoided.

“During the election period, there were no identified attempts to unlawfully log onto the election information systems but external intelligence of the information system’s perimeter was identified, and 386 IP addresses linked to allegedly unlawful activity were blocked through joint effort of the National Cyber Security Center and the Central Electoral Commission. Other incidents were avoided, therefore, it can be concluded that the 2020 election to the Seimas of the Republic of Lithuania was safe,” the report reads.

Some incidents linked to Russia

The report is also based on information collected by the State Security Department and military intelligence, stating that cyber groups controlled by Russian intelligence services carried out cyber attacks on Lithuania’s top government, foreign policy and national security ensuring institutions, energy and education establishments, and also used Lithuania’s infrastructure to carry out attacks abroad.

“Groups controlled by Russian intelligence services also exploited…

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2020 Mobile Phishing Report from Lookout shows 37% sequential increase in the first quarter of 2020 – thepress.net

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2020 Mobile Phishing Report from Lookout shows 37% sequential increase in the first quarter of 2020  thepress.net
“mobile security news” – read more

Women now almost a quarter of cyber security workforce – ComputerWeekly.com

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Women now almost a quarter of cyber security workforce  ComputerWeekly.com

Women in cyber security are younger, have achieved higher levels of education and are assuming leadership roles at higher rates than men, a study shows.

“computer security news” – read more