Streetbeat News

Security

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Canada is increasing scrutiny on Chinese investments in its mining sector, with concerns over national security and resource access. Recent deals under review include Yintai Gold's attempt to buy Osino Resources and Zijin Mining Group's plan to acquire a stake in Solaris Resources. SRG Mining scrapped a deal with China's Carbon ONE due to regulatory attention. This heightened scrutiny could impact small mining firms' ability to raise capital. The Macdonald-Laurier Institute warns of security risks without oversight on foreign investments, especially in the Arctic, where Chinese firms have acquired stakes in companies like Vital Metals.

Portfolio Pulse from Stjepan Kalinic

March 06, 2024 | 4:13 pm

CIBR

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Meta Platforms Inc.'s recent outage, affecting Facebook, Instagram, and Messenger, has spotlighted the growing mistrust in tech companies' cybersecurity capabilities. This incident, coupled with a recent discovery of an unprotected database affecting Meta and Alphabet Inc.'s Google, underscores the vulnerabilities in current multi-factor authentication methods. Cybersecurity expert Al Lakhani criticized Facebook's authentication approach as weak. The event aligns with a broader decline in trust towards technology companies, as highlighted in a report by Edelman. Meanwhile, cybersecurity stocks like Palo Alto Networks Inc. and CrowdStrike Holdings Inc. have shown volatile performance, with the First Trust NASDAQ Cybersecurity ETF (CIBR) experiencing fluctuations.

Portfolio Pulse from Neil Dennis

March 06, 2024 | 3:32 pm

CETX

Cemtrex Inc. (NASDAQ:CETX) announced its subsidiary, Vicon, will begin the beta release of an AI gun detection feature in Q2 2024, aiming for full commercialization in the second half of 2024. This edge-based solution is designed to enhance public safety by detecting armed individuals in surveillance footage, offering a cost-effective alternative to server-based systems. The technology, developed in collaboration with partners, aims to provide real-time alerts and rapid response to potential threats, addressing the urgent need for innovative solutions to gun violence in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:48 pm

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Mark Cuban emphasized the critical importance of understanding AI for success in all aspects of life, from education to employment, including military applications. He highlighted companies like Palantir Technologies, Inc. (PLTR) and AeroVironment, Inc. (AVAV) as examples of firms specializing in AI-based military and security applications. Cuban also discussed the risks of AI, including national security threats, and the need for the U.S. to attract talented individuals to maintain a competitive edge.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 9:52 pm

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Box has expanded its partnership with Microsoft by integrating Azure OpenAI Service into its platform, making Box AI available to Enterprise Plus plan customers. This integration allows Box customers to access advanced AI models while ensuring enterprise-grade security, privacy, and compliance standards.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:08 pm

CRWD

CrowdStrike announces the acquisition of Flow Security, aiming to expand its cloud security leadership by integrating Data Security Posture Management (DSPM) into its Falcon XDR platform. This acquisition will enable CrowdStrike to offer comprehensive real-time data protection for data in all states, both at rest and in motion, across cloud, on-premise, and application environments. The deal, predominantly cash with some equity, is expected to close in CrowdStrike's fiscal first quarter, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:03 pm

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U.S. National Security Advisor Sullivan met with the Prime Minister of Qatar to discuss efforts aimed at securing the release of hostages held by Hamas, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:01 pm

COIN

Coinbase has acknowledged that some users are encountering errors during transactions and has stated that its team is investigating the issue, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:47 pm

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Bitcoin (BTC) has reached a new all-time high, sparking interest among potential investors. This guide provides steps for purchasing Bitcoin safely, emphasizing the importance of choosing a reputable and regulated cryptocurrency exchange. Key considerations include the exchange's reputation, supported payment methods, fees, and ease of use. Coinbase (NASDAQ:COIN), Gemini, Kraken, and Binance (CRYPTO: BNB) are highlighted as popular options. The guide also covers the buying process, secure storage of Bitcoin, and the importance of managing investments cautiously due to the market's volatility.

Portfolio Pulse from Murtuza Merchant

March 05, 2024 | 8:01 pm

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U.S. lawmakers are proposing legislation to force ByteDance to divest TikTok within six months or face a U.S. ban. The bill, supported by a bipartisan group, aims to address national security concerns related to Chinese ownership of the app. It would make it unlawful for app stores like those operated by Apple and Google to offer TikTok or provide services to ByteDance-controlled apps. The bill also grants the president powers to ban or restrict apps posing national security threats. This move follows previous unsuccessful efforts to regulate or ban TikTok, despite the White House's support for such measures.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:33 pm