Gemalto Doesn’t Know What It Doesn’t Know – The Intercept

Gemalto, which is the largest manufacturer of SIM cards in the world, launched an internal investigation after The Intercept six days ago revealed that the NSA and its British counterpart GCHQ hacked the company and cyberstalked its employees. In the secret documents, provided by NSA whistleblower Edward Snowden, the intelligence agencies described a successful effort to obtain secret encryption keys used to protect hundreds of millions of mobile devices across the globe.

The company was eager to address the claims that its systems and encryption keys had been massively compromised. At one point in stock trading after publication of the report, Gemalto suffered a half billion dollar hit to its market capitalization. The stock only partially recovered in the following days.

via Gemalto Doesn’t Know What It Doesn’t Know – The Intercept.

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