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Top 10 Biggest Cybersecurity News Stories Of 2018 (So Far)

The security industry has seen more money and more problems in 2018, with vendors tapping into the deep pockets of private equity and IPOs and microprocessor flaws affecting nearly all the world's computers.

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4. Symantec Launches Accounting Probe After Ex-Employee Raises Concerns

Symantec in May retained independent counsel and other advisers to help investigate concerns raised by a former employee.

The Mountain View, Calif.-based platform security company said the probe concerns Symantec's reporting of some non-GAAP measures, including those that could impact executive compensation programs. The investigation comes in response to issues raised by an ex-employee, and is also looking at concerns around commentary on historical financial results, stock trading plans and retaliation.

All discretionary and performance-based compensation for the company's named executive officers is on hold pending the outcome of the Audit Committee investigation. In addition, Symantec said it doesn't expect to repurchase any of its shares during the course of the investigation.

 
 
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