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D-Link Cameras, Parent Target of Cyberattack

The Taiwanese parent of Fountain Valley-based D-Link Systems was the target of a widespread cyberespionage campaign to collect saved passwords from browsers, including Chrome, Firefox and Internet Explorer.

D-Link Corp. was notified of the breach by Slovakian firm Eset Internet Security, which identified criminal enterprise BlackTech as creator of the malware attack when users viewed mydlink IP cameras within web browsers.

“D-Link was victimized by a highly active cyber espionage group which has been using PLEAD Malware to steal confidential information from companies and organizations based in East Asia, particularly in Taiwan, Japan, and Hong Kong,” the company said in a security advisory on its website.

After the malware infects the system, it retrieves and installs a password stealer.

The malware was implemented through stolen “code signing certificates,” or files containing digital signatures that verify identities.

New certificates were issued to resolve the problem, D-Link said in the advisory.

The company didn’t respond to inquiries from the Business Journal.

D-Link Corp. generates about $1 billion in annual sales.

Its local unit is the sixth-largest consumer electronics maker in OC, employing about 200 here.

D-Link Systems, in January at CES, the world’s largest consumer electronics show, promoted security enhancements in an era of proliferating global cyberattacks.

The company introduced a Wi-Fi router powered by antivirus giant McAfee designed to help detect and prevent threats.

The software runs vulnerability scans, notifies users to change default passwords, and thwarts botnet attacks—such as the vicious IoT reaper and Marai, which spread through security loops in Internet of Things software and hardware, and wreaked havoc in networks run by Spotify and Reddit while attacking routers made by D-Link, Netgear, Linksys and others.

Another feature alerts users if a device contacts sites outside its normal patterns, then flags and blocks them.

App for Guests’ Sake

The Walt Disney Co. (NYSE: DIS) doesn’t have immediate plans to force touch new revenue streams from its recently released Play Disney Parks app.

The app, launched June 30, features in-park games, trivia, group challenges, interactive maps, more than 200 songs curated from classics to unreleased archives, and fun facts.

“Currently there is no monetization in that,” Eric Bautista, director, digital experience at Disney Parks and Consumer Products, told the Business Journal during a recent demo at Disneyland Resort in Anaheim. “Disney Parks has had a long history of really bringing technology into the fold to make the guests experience better.”

The Business Journal recently reported that Disneyland’s “Star Wars: Galaxy’s Edge,” scheduled to open next summer, will be among the first attractions constructed in tandem with digital experiences, app games and interactive surroundings.

Shares Sale

Irvine-based CalAmp Corp. (Nasdaq: CAMP) sold $200 million worth of shares in a private offering.

The notes carry a 2% annual interest rate on the principal amount and will mature in 2025.

Net proceeds hit $230 million after purchasers exercise the full option for additional notes.

The company, which specializes in telematics products and services, plans to use about $18.4 million to pay the cost of capped call transactions; $15 million to repurchase shares of common stock; $50 million to repurchase in private transactions a portion of its outstanding 1.6% convertible senior notes due in 2020; and the remainder for working capital or general corporate purposes.

Telematics is an all-encompassing term for the remote monitoring of assets, typically vehicles.

For now, CalAmp hasn’t entered agreements to use the proceeds for specific acquisitions, according to a regulatory filing.

The company posted record quarterly revenue in February of $94.4 million, up 9.6% year-over-year. In May, it set aside $30 million to repurchase stock.

For the full fiscal year, it posted sales of $365.9 million, up 4.2% year-over-year. Excluding revenue of its satellites business, which ceased operations in August, revenue for the year was up 9%. Adjusted EBITDA was $52.4 million, up 6.1%, and free cash flow increased 228% to $58.6 million.

Illinois-based Caterpillar Inc. (NYSE: CAT) was its biggest customer in the 12 months through February, accounting for 12.4% of sales, or roughly $45.3 million.

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