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Gemalto Says Investigating Hacking Report


Ron Burgundy
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Gemalto said on Friday it would investigate a report saying that U.S. and British spies had hacked the digital security firm to steal its encryption keys. Gemalto's shares fell 8 percent in early trading after the news website Intercept reported the hack by the U.S. National Security Agency (NSA) and Britain's Government Communications Headquarters (GCHQ). Citing documents provided by whistleblower Edward Snowden, the report said the hack allowed the agencies to monitor a large portion of voice and data mobile communications around the world without permission from governments and telecom companies. "If these attacks were to be confirmed and did allow access to various communications, it would be very damaging for Gemalto's reputation," a Paris-based trader said.

 

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