Latest cybersecurity reporting from selected sources.

DOJ Says KimWolf Powered Massive DDoS-for-Hire OperationsU.S. prosecutors charged a Canadian man accused of operating the KimWolf botnet, alleging the DDoS-for-hire platform compromised nearly two million IoT devices and powered attacks that reached record traffic volumes worldwide.

Subsidiary IPO Canceled in Announcement, Naming John Giamatteo as CEOBlackBerry reversed plans for an equity carve-out of its internet of things business in a Monday announcement of plans to instead make its cybersecurity and IoT units independently operated entities. The Canadian firm also selected company insider John Giamatteo as its new CEO.