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Gemalto Sees No Significant Impact From Hacking Issue


Ron Burgundy
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Gemalto said on Monday its initial investigations into a report that U.S. and British spies had hacked it systems showed its products were secure and it thus did not expect a significant financial prejudice. Gemalto's shares fell sharply on Friday after news website Intercept reported a hack by the U.S. National Security Agency (NSA) and Britain's Government Communications Headquarters (GCHQ). Gemalto said it would communicate on the results of its investigations on Wednesday, Feb. 25 through a press release and a press conference that will be held in Paris at 0930 GMT. Gemalto makes smart chips for mobile phones, bank cards and biometric passports and counts Verizon, AT&T Inc and Vodafone among its 450 wireless network provider customers around the world.

 

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