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The Cybersecurity Play That Doubled Once – Will Double Again

Not long ago, a relative of mine was the victim of identity theft. And I have to tell you that I really felt for the entire family.

The thief ran up nearly $20,000 in charges, opened new accounts and tried to open others.

And I can tell you that the frustrations over the losses (most of which ended up being covered) were dwarfed by the helplessness that came whenever new charges showed up – and the worry that was spawned by never finding out how the whole mess started.

As we watch the headlines about data breaches and cybercrime – and watch as the violations move closer and closer to home – those worries only escalate.

  • Featured Story

    Let's Make a Deal: Buffett Teams Up to Buy Heinz for $28 Billion

    Food ketchup

    Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) and private equity firm 3G Capital will buy iconic ketchup maker H.J Heinz Co. (NYSE: HNZ) for $28 billion, the largest deal ever in the food industry.

    This transaction follows a string of deals including Comcast Corp. (Nasdaq: CMCSA) taking full control of NBC

    Universal from General Electric Co. (NYSE: GE), Dell Inc. (Nasdaq: DELL) going private, and American Airlines and U.S. Airways Group Inc. (NYSE: LCC) merging to form the world's largest airline.

    The Heinz deal values the Pittsburgh, PA-based company at $72.50 a share, a 20% premium to its all-time price. Berkshire will spend about $12 to $13 billion on the deal, according to Buffett.

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