Streetbeat News

Security

MIELY

Mitsubishi Electric Corporation has partnered with Nozomi Networks Inc to enhance operational technology (OT) security solutions. This partnership includes joint marketing and technical development efforts. Additionally, Mitsubishi Electric has acquired an equity stake in Nozomi Networks.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:41 am

CB

Chubb Ltd (NYSE:CB) CEO Evan Greenberg clarified that underwriting Donald Trump's $91.63M appeal bond in the E. Jean Carroll defamation lawsuit does not imply support for any party. The decision was based on supporting the rule of law, and the bond is fully collateralized. Trump's bond payment has raised concerns about national security and his ability to serve as president.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 12:42 am

UNH

The U.S. Department of Health and Human Services' Office for Civil Rights (OCR) has launched an investigation into a cyberattack affecting UnitedHealth Group's Change Healthcare and other healthcare entities. The attack disrupted healthcare and billing operations nationwide. OCR's investigation will determine if there was a breach of protected health information and compliance with HIPAA Rules. The Biden administration urged UnitedHealth to take action to stabilize the health system and expedite funding for affected providers. Despite efforts to restore the network by March 18, healthcare leaders expect prolonged disruptions. Cyber threats in healthcare have significantly increased, with hacking and ransomware incidents rising dramatically over the past five years.

Portfolio Pulse from Vandana Singh

March 13, 2024 | 6:49 pm

UNH

The Biden administration is investigating UnitedHealth Group due to a cyberattack on its subsidiary, Change Healthcare, which has disrupted health-care payments and likely exposed millions of patients' data. The Department of Health and Human Services (HHS) aims to determine the breach's extent and compliance with HIPAA. The attack, described as the most significant in U.S. health system history, has led to frozen payments, affecting hospitals and doctors' ability to meet payroll. UnitedHealth is under pressure to expedite payments to affected providers, with the White House and lawmakers urging action. UnitedHealth has outlined steps to restore services, but critics argue these efforts are insufficient.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:17 pm

X

President Joe Biden is expected to express concerns regarding the takeover of U.S. Steel by Nippon Steel. This move highlights potential regulatory and national security implications that could arise from such a significant acquisition in the steel industry.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:48 pm

LLY

NVO

The pharmaceutical industry is facing a 50% increase in crime due to a surge in counterfeit weight-loss drugs, notably Novo Nordisk's Ozempic and Wegovy, and Eli Lilly's products. Criminals are exploiting supply shortages and high demand, fueled by social media and Hollywood. Both companies are taking significant steps to combat this issue, with Novo Nordisk working with authorities and employing third-party monitors, and Eli Lilly taking legal action against entities selling fraudulent products.

Portfolio Pulse from Vandana Singh

March 13, 2024 | 2:31 pm

CYBR

CyberArk (NASDAQ:CYBR), an identity security company, has been selected by Heng Leong Hang, a prominent retail brand in Taiwan with over 70 stores, to enhance its cybersecurity capabilities. The CyberArk Identity Security Platform will be used to secure human and machine identities, automate the identity lifecycle, and implement continuous threat detection and prevention. This move aims to protect the company's core systems and customer data amidst increasing cybersecurity challenges in the retail industry.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

TENB

Tenable has announced enhancements to ExposureAI within its Tenable One platform, introducing generative AI capabilities for faster attack path analysis and mitigation guidance. These features, powered by Google Cloud's Gemini models, aim to help organizations quickly understand and act on complex attack paths to reduce cybersecurity risks. The update addresses the challenges posed by the increasing volume of exposures and sophisticated threat tactics, as well as the global cyber workforce shortage.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:10 pm

CHD

ROK

Church & Dwight has partnered with Rockwell Automation to enhance its operational technology (OT) cybersecurity program. This collaboration aims to implement rigorous security standards to increase manufacturing cybersecurity resilience.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:10 am

TSLA

Elon Musk, CEO of Tesla (TSLA) and SpaceX, responded with 'Of course' to a post about Russian President Vladimir Putin's warning of nuclear war readiness against the U.S. if troops are sent to Ukraine. Putin's statement highlights the escalating tensions between Russia and the West, amid the ongoing war in Ukraine. The U.S. has been preparing for a potential Russian nuclear strike, while Russia plans to establish a nuclear power plant on the moon by 2035 in collaboration with China.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:56 am