Streetbeat News

Security

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

UNH

UnitedHealth CEO informed a Senate Committee that military personnel have had their data compromised in a recent hack, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:29 pm

TCEHY

WB

China has implemented a revised State Secrets Law requiring internet companies like Tencent and Weibo to delete leaked information and cooperate with government investigations. This move, effective Wednesday, highlights President Xi Jinping's emphasis on national security and updates the law for the first time since 2010 to include 'internet information' among the channels that must adhere to secrecy requirements.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:35 pm

EIS

SPY

The White House has expressed that President Biden views the takeover of a building by Columbia University students as 'absolutely the wrong approach'. Additionally, there is currently no plan to federalize the National Guard in response to this situation. The administration is also monitoring pro-Palestinian protests on campuses without any current evidence of 'bad actors' involved.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:48 pm

EIS

ISRA

SPY

Israeli Prime Minister Netanyahu has labeled the potential issuance of ICC arrest warrants against Israeli commanders and state leaders as a historic scandal. He asserts that no ICC decision will deter Israel's objectives to bring hostages home and secure a complete victory over Hamas.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:32 pm

CYBR

CyberArk announced it has earned new SOC 2 Type 2 and SOC 3 certifications for its Identity Security Platform, underscoring its commitment to high standards of data security and privacy.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:56 pm