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SafeNet Holding Corporation, parent company of information security giant, SafeNet, filed a registration statement (Form S-1) with the United States Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

China is directing “the single largest, most intensive foreign intelligence gathering effort since the Cold War” against the United States, according to a report released yesterday by Medius Research.

Application Delivery Networking provider Blue Coat Systems, Inc. (Nasdaq: BCSI), this week announced the release of a software plug-in that will allows enterprises running its PackerShaper appliances to discover, monitor, assess and control Apple software updates.

A former senior database administrator for GEXA Energy in Houston was sentenced today to 12 months in prison for hacking into his former employer's computer network.Steven Jinwoo Kim, 40, of Houston pleaded guilty on Nov. 16, 2009, to one count of intentionally accessing a protected computer without authorization and recklessly causing damage. Kim was also ordered to pay $100,000 in restitution to GEXA Energy and to serve three years of supervised release following his prison term.

World Cup fans continue to be prime targets for cybercriminals this summer with new mobile viruses targeting smart-phone users looking for the latest news and content surrounding the international soccer tournament being held in South Africa this year.

The number of spam messages approached 6 billion for the month of January and never dipped below 3.5 billion during the past six months, according to SaaS e-mail and web security provider AppRiver’s mid-year Threat and Spamscape report.

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