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Tech & Science patent dispute: Cisco has to pay 1.9 billion dollars.

15:45  06 october  2020
15:45  06 october  2020 Source:   t3n.de

Cisco accidentally equips network appliances with preset passwords

 Cisco accidentally equips network appliances with preset passwords © DEFAULT_CREDIT Cisco-2017-1200 attackers gain access to the command line interface of the Cisco Enterprise NFV Infrastructure software. The product series ENCS 5400-W and CSP 500-W are affected. The vulnerability has a CVSS score of 9.8 points. Cisco warns of a critical security gap in network appliances of the ENCS 5400-W and CSP 5000-W product lines. Their software contains preset user accounts with fixed passwords.

Cisco Systems Inc. was told to pay $ 1 . 9 billion after losing a trial brought by a Virginia company that claimed the networking giant copied patented Cisco lawyer Dabney Carr of Troutman Sanders said Cisco , founded in 1999, has a long history of developing network security products and even has

A U.S. judge on Monday ordered Cisco Systems Inc to pay $ 1 . 9 billion to a Virginia company that accused it of copying He found no infringement of a fifth patent . In a 167-page decision, Morgan said the case was “not a close call Your username or email address: Do you already have an account?

In a patent litigation, the network specialist Cisco has been sentenced to pay a fine totaling 1.9 billion US dollars.

Patentstreit: Cisco muss 1,9 Milliarden Dollar zahlen © Michael Vi / Shutterstock Patent dispute: Cisco has to pay $ 1.9 billion

Network giant Cisco has to pay $ 1.9 billion (about 1.6 billion euros) to Centripetal Networks according to a ruling by the court in Norfolk, Virginia pay. Cisco infringed a total of four of the plaintiff's patents. District judge Henry Morgan called the IT specialist's approach "willful and egregious".

"Willful and Outrageous" Patent Infringement

Morgan has no doubt that Cisco copied a patented cybersecurity feature to protect networks that Centripetal Networks developed with a grant from the US Department of Homeland Security. Centripetal Networks presented the concept in a meeting with Cisco. A year later, Cisco brought products to the market that were very similar to Centripetal's, and outperformed the smaller company in government contracts. “This is no coincidence,” judged Morgan.

Actually, according to the district judge, Cisco had to compensate the competitor with 755.8 million dollars for the patent infringements. But because the group acted willfully, two and a half times as much will now be due. In addition, the company will have to surrender ten or five percent license fees for the sale of some products to Centripetal over the next few years. Cisco has announced that it will appeal. Because of the corona pandemic, the court process was held via video conference.

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Billionaire investor Ron Baron has been a big fan of the electric car manufacturer Tesla for years. In the long term, in his opinion, a market value of two trillion dollars is not an impossibility. © Provided by Finanz.net Hannelore Foerster / Getty Images • Ron Baron very optimistic about Tesla • Market capitalization of two trillion US dollars possible? • More factories and battery business support Baron's confidence Things are currently going well for Tesla .

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