BusinessCybersecurityTechnology

Iranian MuddyWater Hackers Infiltrate Over 100 Government Networks in MENA Region

Iranian state-linked hackers have compromised more than 100 government and diplomatic networks across the Middle East and North Africa. The MuddyWater group used hijacked email accounts and VPN services to deploy sophisticated malware in a months-long campaign.

Widespread Government Network Breaches

Security researchers have uncovered a major cyberespionage campaign targeting government entities across the Middle East and North Africa, with Iranian-linked hackers reportedly breaching more than 100 organizations. According to reports from cybersecurity firm Group-IB, the MuddyWater group – also known as APT34, OilRig, and TA450 – has been conducting this sophisticated operation since August, focusing primarily on diplomatic and government networks.

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Logitech Stock Upgrade: Citi Sees 23% Upside from Return-to-Office and Gaming Demand

Citi has upgraded Logitech from Neutral to Buy, forecasting 23% upside driven by return-to-office trends and robust gaming demand. The bank highlights Logitech’s consistent gross margins above 40% and pricing power as key strengths.

Citi has issued a bullish upgrade for Logitech stock, shifting its rating from Neutral to Buy with a $130 price target that implies over 23% upside potential. The upgrade, announced in a Wednesday note from Citigroup analysts, cites improving peripheral demand driven by return-to-office mandates and sustained strength in gaming. This positive outlook comes despite Logitech shares already surging 27% year-to-date, with the stock facing a 4% decline this quarter amid consensus Hold ratings on Wall Street.

Citi’s Rationale for the Logitech Upgrade