Streetbeat News

Security

EIS

USO

Israel conducted covert attacks on two major gas pipelines in Iran, disrupting gas flow to several provinces and marking an escalation in the ongoing shadow war between the two nations. The attacks, which required deep knowledge of Iran's infrastructure, targeted pipelines carrying gas from the south to major cities, affecting residential homes, government buildings, and factories. Despite the significant disruption, Iran's oil minister claimed the damage was minimal and service was restored quickly. The attacks are seen as a major challenge to Iran's intelligence and security agencies and expose the vulnerability of the country's critical infrastructure.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:57 pm

IDAI

Trust Stamp (NASDAQ:IDAI), a provider of AI-powered trust and identity services, has been recognized by the Federal Reserve as a Fraud Mitigation Service Provider for synthetic identity fraud. This recognition follows their participation in a call for participation by the Federal Reserve in September 2022. Trust Stamp serves nearly fifty US banks and is involved in the ICBA ThinkTECH Accelerator, emphasizing the importance of combating synthetic identity fraud for their clients. The company's technology aims to address the challenges posed by Trojans to third-party device-based biometric solutions.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:27 pm

MQ

SQ

V

WFC

Federal regulators are investigating allegations by whistleblowers that Cash App, operated by Block Inc., and its partners, including Visa Inc., Wells Fargo, Marqeta Inc., and Lincoln Savings Bank, have inadequate customer due diligence processes, potentially facilitating money laundering and terrorism financing. The complaints highlight transactions with sanctioned entities, offshore gambling sites, and the sale of illegal data. The Financial Crimes Enforcement Network (FinCEN) and other federal agencies are reviewing these allegations. Cash App's popularity and rapid growth, with 55 million active accounts and significant financial inflows, are contrasted with concerns over its due diligence and the risks to shareholders of Block Inc., Marqeta Inc., and Visa Inc.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:48 pm

AAPL

The cybersecurity firm Group-IB has identified the first iOS trojan, named 'GoldDigger', targeting Apple Inc.'s iPhone and iPad users. This trojan aims to steal facial recognition data and use AI-generated deepfakes for bank theft. Initially distributed via Apple's TestFlight, it now uses a Mobile Device Management profile for broader distribution. Although primarily targeting users in Vietnam and Thailand, it poses a global threat. Apple has been informed and is likely working on a fix.

Portfolio Pulse from Rounak Jain

February 16, 2024 | 1:46 pm

GOOG

GOOGL

Alphabet Inc.'s Waymo recalled 444 self-driving cars after two collisions in Phoenix, deploying an OTA fix. The incidents, involving no injuries, highlighted potential risks in autonomous vehicle technology. Waymo's recall, a first for autonomous vehicles, followed discussions with the NHTSA. The recall and software update were completed by Jan. 12. This event, along with a separate attack on a Waymo car in San Francisco, underscores the challenges facing self-driving vehicle operators.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 6:18 am

GOOG

GOOGL

Alphabet Inc.'s Google announced the launch of a free, open-source AI-powered tool aimed at enhancing cybersecurity by detecting malware in services like Gmail and Google Drive. Additionally, Google plans to release a white paper at the Munich Security Conference, advocating for AI research and regulations in cybersecurity. This initiative is part of Google's broader effort to counter the increasing use of AI in cybercrime, as highlighted by a recent Microsoft report on state-sponsored criminal groups using AI tools like ChatGPT for cyber operations.

Portfolio Pulse from Ananya Gairola

February 16, 2024 | 5:48 am

USO

The U.S. has carried out a cyberattack against a suspected Iranian spy ship, as reported by NBC News. This action represents a significant move in the realm of cyber warfare and could have implications for geopolitical tensions and cybersecurity sectors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:12 pm

WIMI

WiMi has developed a technology based on the K-Means algorithm to enhance security and user trust in Bitcoin trading platforms. This innovation aims to improve the safety and reliability of transactions, addressing key concerns in the cryptocurrency trading space.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:31 pm

BTCUSD

CSCO

ETHUSD

LMT

PFE

Cryptocurrencies surge with Bitcoin's market cap surpassing $1 trillion, potentially hitting $60K. US markets see mixed movements, with Cisco issuing a weak outlook. Global politics and economy updates include sanctions on Russia and BRICS nations challenging G7 dominance. Tech highlights include Uber's price target boost and Apple's AI chip advancements. Electric Vehicle sector notes Tesla's market strategies and challenges. New York City sues major social platforms over mental health concerns. Pfizer settles a lawsuit, and Lockheed Martin faces budget cuts on F-35 orders.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 2:02 pm