Streetbeat News

Security

TD

TD Bank Group (TD) has entered into a data-access agreement with Plaid to enhance data security for TD customers in North America. This agreement allows secure connection to Plaid's network of over 8,000 apps and services without sharing login credentials. TD's commitment to secure and transparent digital experiences is further evidenced by previous agreements with Finicity, Akoya, and Envestnet | Yodlee, and participation in the Financial Data Exchange (FDX).

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:05 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg is constructing a secretive $100 million compound on Kauai, Hawaii. The project, known as Kualoa Ranch, includes lavish amenities and has been underway since 2014. The use of NDAs and the compound's bunker-like features have sparked speculation and controversy. Zuckerberg has faced lawsuits over land acquisitions but also donated to local nonprofits. The trend of tech billionaires seeking secluded properties for privacy is highlighted by similar actions from Elon Musk, who is under investigation by the DOJ and SEC.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 3:38 pm

MATIC

Vitalik Buterin, Ethereum's co-founder, has proposed changes that could affect layer-2 networks by reintegrating certain functionalities back into the Ethereum main chain. This could disrupt layer-2 projects like Polygon, Matter Labs, and Scroll, which have adapted to the previous computational model. Buterin's 'enshrined zkEVM' concept, combining zero-knowledge cryptography with the Ethereum Virtual Machine, aims to enhance the Ethereum network's security and efficiency.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 6:36 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its policy to require a court order before disclosing customer push notification details to law enforcement, a move aimed at enhancing user data privacy. This change follows reports that Apple and Alphabet Inc. (GOOG, GOOGL) had previously complied with government requests for such data without court orders. Senator Ron Wyden has raised concerns about foreign governments accessing personal data, prompting Apple to improve its transparency reporting. Google already has a similar policy in place.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:17 am

LNW

Light & Wonder, Inc. (LNW) has officially appointed Oliver Chow as the company's Executive Vice President, Chief Financial Officer, and Treasurer. Chow has been serving as the Interim CFO since August 2023 and has over 15 years of experience in entertainment and gaming, with previous senior finance roles at Aristocrat and other companies. CEO Matt Wilson expressed confidence in Chow's abilities and experience. Chow is committed to supporting the company's growth and financial strategy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:13 pm

SPY

Fed Chair Powell acknowledged that price levels remain high and this is negatively impacting consumer sentiment. He noted that an improvement in real wages could potentially boost consumer sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:59 pm

VEON

VEON Ltd.'s subsidiary Kyivstar is recovering from a cyber-attack that occurred on December 12, 2023, and is now restoring voice services. The full financial impact of the attack is currently unknown as service restoration is ongoing. Kyivstar is also working to restore data and SMS services within the next 24 hours and is cooperating with Ukrainian authorities to investigate the attack. VEON and Kyivstar have confirmed that consumer data was not compromised and are taking steps to enhance security measures.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:54 pm

SPY

SEC Chair Gary Gensler emphasized the importance of the SEC's focus on the Treasury market over crypto, despite acknowledging that many investors have been harmed in the crypto market. His comments suggest a prioritization of regulatory efforts on traditional financial markets.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:18 pm

LIVN

LivaNova PLC reported in an SEC filing that it is still evaluating the full impact of a recent cybersecurity event on its business, results of operations, cash flows, and financial condition. The extent of the damage and the potential repercussions for the company's financial stability are currently under assessment.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:38 pm

LIVN

LivaNova PLC has provided an update on its operations following a cybersecurity incident initially disclosed on November 20. The company has reported that all of its manufacturing sites worldwide are now substantially operating at normal levels, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:37 pm