The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Late last week, Israel's state attorney's office indicted a former employee of cybersecurity company NSO Group for reportedly stealing source code tied to a software product that's sold as a surveillance tool for government clients.
The NSO ex-employee, who hasn't been identified because of privacy laws in Israel, tried to sell the stolen code to competitors for $50 million in cryptocurrency, but a prospective buyer alerted the company, the indictment said.
CNBC has learned from people familiar with the matter that NSO previously became aware of a possible theft via an internal data loss prevention system. Authorities received the code to NSO's Pegasus software before it could be sold, said the people, who asked not to be named because the investigation is ongoing.
NSO, which has connections to the Israeli military, is best known for its proprietary software that can be used to break encryption on smartphones. The incident illustrates how difficult it can be, even for companies that specialize in security, to adequately deal with employees who become insider threats.
Stealing source code and selling it illegally or taking it to another company is a familiar story.
Waymo sued Uber over the theft of trade secrets by a former employee. Uber early this year, giving Waymo an equity stake worth $245 million and promising not to use Waymo's proprietary information.
In 2009, a former Goldman Sachs programmer allegedly took valuable high-speed trading source code, before being fired, arrested and prosecuted. The incident has gone through numerous twists in federal and state courts, and the programmer, Sergey Aleynikov, .
The current case involving the NSO Group is unique in that the stolen code was built by security experts. NSO software is used for surveillance, primarily by government clients, and can be used to break through security measures on devices like iPhones that belong to their targets. The software is heavily monitored by the Israeli government, which regulates who buys it and how it's used, according to the people familiar with the technology.
The alleged thief is a 38-year-old ex-employee who took the Pegasus source code after becoming disgruntled over being asked to take part in a formal job review, according to the indictment. Israeli companies are required to do such reviews before firing an employee.
After its data loss prevention system notified NSO of the potential theft, the company kept track of the rogue employee, knowing he had downloaded sensitive information, the people said. Uncertain of his intentions, the company alerted possible buyers in the industry that he might try to sell it, they said.
One of those industry insiders was contacted by the ex-employee and informed NSO, the people said. NSO tracked the negotiations between the buyer and the seller and, working with Israeli authorities, was able to establish that the activity was criminal, they said.
The indictment comes just as NSO is reportedly an acquisition target. The Wall Street Journal reported in May that Verint Systems, a U.S. security company with offices in Herzliya, Israel, has been in talks to buy NSO for $1 billion, and a person familiar with the negotiations said other firms have also expressed interest in buying the company. All potential parties have been briefed on the details of the theft, the person said.
A Verint representative didn't respond to a request for comment.