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Report: Major Cybersecurity Breach At El Segundo's PCM

socalTECH

According to a report, from Krebs On Security, El Segundo-based IT services provider PCM has seen a major breach , which allowed attackers to access multiple, client accounts hosted through PCM. The report says it believes the information was being used to conduct gift card fraud at various retailers and financial institutions.

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H1Z1 Pro League Shuts Down, Citing Funding Failures

L.A. Business Journal

Roughly two months after it was first reported that Patrick Soon-Shiong’s El Segundo e-sports arena was to house the H1Z1 Pro League, the League announced it will cease operations due to payment issues.

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Viasat Satellite In Integration, Testing

socalTECH

Carlsbad-based communications satellite operator Viasat reports that the first satellite in a new satellite constellation being developed by the company is now in final spacecraft integration and testing.

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Report: DirecTV Considering Bid For Hulu

socalTECH

The latest company considering a bid for Los Angeles-based video streaming site Hulu is El Segundo-based DirecTV , according to reports Friday afternoon. A report from Reuters says DirecTV is just one of a number of companies considering a bid for Hulu. The report cited a "source familiar with the situation."

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Stamps.com Revenue Dips in Third Quarter

L.A. Business Journal

El Segundo-based online postage supplier Stamps.com Inc. reported third-quarter revenue of $136.2 million, down 5%.

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Internet Brands Acquisition Worth $1.1 Billion, Says Report

socalTECH

The acquisition this morning of El Segundo-based Internet Brands by KKR is worth a cool $1.1 billion, according to a report from the New York Times. The report cited two un-named, unauthorized sources. KKR and Internet Brands announced the deal this morning without any financials.

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Silicon Beach Report Aug. 16: Tech Investor Sues AT&T Claiming ‘SIM Swap’ Scam

L.A. Business Journal

Cryptocurrency investor Michael Terpin sues AT&T over “SIM swap” scam; Cargomatic raises $35M in series B round; Boeing acquires El Segundo-based satellite and flight-plan maker.