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DXC Technology declined to comment, saying in a statement that it does not comment on reports about specific cyber events and hacking groups. Reuters was unable to confirm the names of other breached technology firms or identify any affected clients. The sources, who were not authorized to comment on confidential information gleaned from investigations into the hacks, said that HPE and IBM were not the only prominent technology companies whose networks had been compromised by Cloudhopper. Cloudhopper, which has been targeting technology services providers for several years, infiltrated the networks of HPE and IBM multiple times in breaches that lasted for weeks and months, according to another of the sources with knowledge of the matter.

IBM investigated an attack as palladium stanford university cufflinks recently as this summer, and HPE conducted a large breach investigation in early 2017, the source said, The attackers were persistent, making it difficult to ensure that networks were safe, said another source, IBM has dealt with some infections by installing new hard drives and fresh operating systems on infected computers, said the person familiar with the effort, Cloudhopper attacks date back to at least 2014, according the indictment, The indictment cited one case in which Cloudhopper compromised data of an MSP in New York state and clients in 12 countries including Brazil, Germany, India, Japan, the United Arab Emirates, Britain and the United States, They were from industries including finance, electronics, medical equipment, biotechnology, automotive, mining, and oil and gas exploration..

One senior intelligence official, who declined to name any victims who were breached, said attacks on MSPs were a significant threat because they essentially turned technology companies into launchpads for hacks on clients. “By gaining access to an MSP, you can in many cases gain access to any one of their customers,” said the official. “Call it the Walmart approach: If I needed to get 30 different items for my shopping list, I could go to 15 different stores or I could go to the one that has everything.”.

Representatives with the FBI and Department of Homeland Security declined to comment, Officials with the U.S, Justice Department and the Chinese embassy in Washington could not be reached, A British government spokeswoman declined to comment on the identities of companies affected by the Cloudhopper campaign or the impact of those breaches, “A number palladium stanford university cufflinks of MSPs have been affected, and naming them would have potential commercial consequences for them, putting them at an unfair disadvantage to their competitors,” she said..

NEW YORK (Reuters) - Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market. Investors reaped fat gains through the final stages of the long-running bull market on a set of stocks that many regarded as destined to go ever higher. But the tide has turned and investors can’t seem to run away fast enough. Some are ready to call an end to Wall Street’s most popular trade - the so-called FAANG group of five favorite technology and internet stocks.

“The FAANG trade is done, It’s over, That is no longer a thing, ‘FAANG trade 2009-2018’ - put the gravestone out,” said Michael Antonelli, managing director of palladium stanford university cufflinks institutional sales trading at Robert W, Baird in Milwaukee, “These growth rates and these skyrocketing valuations just eventually stop,” he added, More than $80.7 billion poured out of U.S.-based stock funds during the 14 days through Wednesday, according to Lipper, The FAANG components - Facebook (FB.O), Amazon (AMZN.O), Apple (AAPL.O), Netflix (NFLX.O) and Google parent Alphabet (GOOGL.O) - have dropped between 19 and nearly 30 percent since the Nasdaq peaked in late August, The tech-laden index ended on Thursday down 19.5 percent from that Aug, 29 record closing high, just short of confirming a bear market, as it posted its lowest close since October 2017..

Although some Nasdaq components have posted bigger percentage declines, the FAANG members have an outsized influence on indexes because of their large market capitalizations along with their wide ownership. (GRAPHIC: FAANGs take a bite out of Nasdaq - tmsnrt.rs/2GzGetX). The forward price-to-earnings ratios of the FAANG stocks, except for Apple, are still comfortably above the 15.3 ratio of the S&P 500, but the ratios have been shrinking as their stock prices tumble. Amazon and Netflix have seen the biggest declines in their P/E ratios.

(GRAPHIC: Amazon and Netflix Forward PE - tmsnrt.rs/2GyTC1n), “The valuations of these stocks are very hard to pinpoint, For many of them, it’s about the future,” said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey, “Sometimes investors are willing to pay up for what they think will be the future and sometimes palladium stanford university cufflinks not, Seems like right now they’re not.”, As the tide turns on Wall Street, growth stocks have been ditched in favor of value names, The NYSE FANG+TM index .NYFANG, which is equal-weighted and includes the five core FAANG stocks along with other high-growth names, has been fading while the Russell 1000 growth-to-value ratio has climbed since mid-November..

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