Streetbeat News

Security

KD

RBRK

Kyndryl (NYSE: KD) and Rubrik (NYSE: RBRK) have announced a global strategic alliance to offer cyber incident recovery services, enhancing cyber resilience for customers. This partnership includes the launch of Kyndryl Incident Recovery with Rubrik, a managed service aimed at reducing the impact of cyber incidents, data loss, and disaster recovery for cloud and on-premises workloads. The service focuses on decreasing system downtime, reducing IT costs, and meeting rigorous cyber recovery regulations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:10 pm

ADTN

Adtran announced its Oscilloquartz solution, including an optical cesium atomic clock, is being used by a leading Canadian hydropower producer to enhance precision, reliability, and resilience in power grid synchronization. This upgrade addresses GNSS disruptions and cyberattacks, ensuring robust synchronization. The solution also facilitates a transition to advanced PTP technology and is managed through the Adtran Ensemble Controller with Sync Director for centralized control and operational simplicity. This deployment is significant for North America's energy resilience and the utility's cybersecurity and reliability.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:21 pm

AMZN

CRWD

Amazon Web Services (AWS) and CrowdStrike have announced an expanded strategic partnership aimed at accelerating cybersecurity consolidation and cloud transformation. This collaboration is expected to enhance cloud security solutions, benefiting both companies by potentially increasing their market share in the cybersecurity and cloud services sectors.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:13 pm

ARQQ

Arqit Quantum Inc. and SoftIron have announced a partnership aimed at facilitating a seamless transition for customers to quantum-safe cloud tasks, with a particular emphasis on serving the defense sector. This collaboration is expected to enhance security measures for cloud computing in sensitive areas, leveraging Arqit's quantum encryption technology.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:58 am

BIDU

GOOG

META

NYT

SNAP

TCEHY

The U.S. government's legislation requiring TikTok to divest its U.S. operations or face a ban has sparked debate over censorship and national security. The law, which aims to address the national security risk posed by TikTok's 170 million U.S. users, has bipartisan support. European Commission president Ursula von der Leyen indicated the EU might follow suit. The article also discusses China's internet censorship, known as the Great Firewall, which blocks access to many foreign websites and apps, including those owned by Alphabet Inc (GOOG), Meta Platforms Inc (META), Snap Inc (SNAP), and The New York Times Co (NYT), and mentions China's domestic internet products like Baidu (BIDU) and Tencent Holdings ADR (TCEHY).

Portfolio Pulse from Natan Ponieman

May 01, 2024 | 9:11 pm

UNH

UnitedHealth Group Inc's CEO Andrew Witty addressed a U.S. Senate panel regarding a recent cyberattack on its technology unit, Change Healthcare. The attack had significant impacts on the healthcare sector, including disruptions to medical claim processing and financial strain on U.S. hospitals. Despite these challenges, Witty assured that the company's issues do not pose a threat to the broader economy. UnitedHealth, with a market cap of $445 billion, paid a $22 million ransom to address the cyberattack's fallout. The company also made $6.5 billion in accelerated payments and loans to providers affected by the incident.

Portfolio Pulse from Vandana Singh

May 01, 2024 | 7:52 pm

EIS

Israel's Military Chief of Staff announced that the offensive operation in Gaza will persist with strength, and preparations are underway for an offensive in the north, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:55 pm

EWJ

Japan is considering the implementation of regulations on AI developers, aligning with similar actions taken by the U.S. and the EU. This move aims to address concerns related to privacy, security, and ethical standards in AI development and deployment. The potential regulation could impact companies involved in AI technology within these regions, influencing their operational, legal, and compliance strategies.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:54 pm

DOGEUSD

'Dogecoin Millionaire' Glauber Contessoto argues that fair launches for meme coins don't exist due to the advantage of snipers and bots, making it impossible for average investors to compete. He suggests supporting projects with solid teams that understand these challenges and can protect their communities. Contessoto's own experience with Dogecoin, where he saw his fortune drop significantly, underscores his caution against chasing so-called fair launches.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 3:43 pm

UNH

UnitedHealth's CEO, Witty, disclosed to a Senate Committee that the company paid a $22M ransom following a hacking incident. This revelation highlights the cybersecurity risks faced by major healthcare providers and could impact investor confidence in UnitedHealth's ability to safeguard sensitive data.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:10 pm