Streetbeat News

Security

META

The Media Association (AMI) representing 83 Spanish media has filed a lawsuit against Meta Platforms, Inc. (formerly known as Facebook, Inc.) for systematic and massive breaches of European data protection regulations from May 25, 2018, to July 31, 2023. AMI claims over €550 million in damages, alleging that Meta's income from segmented advertising was obtained illegitimately by using personal data without user consent. The lawsuit could extend if Meta persists in its breaches, as indicated by the European Data Protection Committee's requirement on October 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:32 pm

CHKP

Check Point Software Technologies Ltd. (CHKP) has partnered with the Denver Broncos to provide cyber security solutions for Empower Field at Mile High. The Broncos will use Check Point's CloudGuard, Quantum, and Harmony to protect their network, perimeter, and cloud applications, ensuring secure WiFi connectivity and e-commerce experiences for over 75,000 fans. The solutions offer full visibility of connected devices and cloud-based applications, crucial for maintaining privacy and preventing data breaches during high-volume events.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:05 pm

BYDDF

BYD Co Ltd (OTC:BYDDF) has made its reward program for exposing smear campaigns a permanent policy, offering up to 5 million yuan ($700,918) for information leading to the identification of such activities. Initially a one-year measure started in late 2021, the program aims to protect the company's reputation by combating false information and has been extended indefinitely without a stated reason. BYD, supported by Warren Buffett, has previously taken legal action against defamation, including a lawsuit against an auto blogger in July 2023.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 7:10 am

BTCUSD

U.S. Space Force Major Jason Lowery has written to the U.S. Defense Innovation Board, suggesting that Bitcoin's proof-of-work technology could revolutionize cyber warfare. He believes Bitcoin can secure various forms of data and aligns with strategic offset concepts. Lowery recommends further investigation into Bitcoin protocols for their potential to impose physical constraints in cyberspace, akin to traditional security strategies in physical domains.

Portfolio Pulse from Shivdeep Dhaliwal

December 04, 2023 | 4:40 am

AAPL

GS

Apple Inc. (AAPL) is reportedly ending its credit card partnership with Goldman Sachs Group (GS) within 12-15 months. Apple faced security issues with an Apple ID hack affecting iCloud access. The company is also developing a budget-friendly version of its Vision Pro headset, aiming to cut production costs by 50%. A YouTuber built a discount Vision Pro, challenging the value of Apple's version. Apple celebrated 'Artist of the Year' Taylor Swift with a free event in NYC.

Portfolio Pulse from Benzinga Neuro

December 03, 2023 | 10:44 am

EPHE

A magnitude 7.7 earthquake struck Mindanao, Philippines, prompting the U.S. Tsunami Warning System to issue a potential tsunami threat. The system is monitored by the Pacific Tsunami Warning Center, which is part of the National Weather Service, under NOAA. The ticker EPHE, which tracks the Philippines' stock market, may be affected by this natural disaster.

Portfolio Pulse from Charles Gross

December 02, 2023 | 2:58 pm

ME

23andMe Holding Co. (NASDAQ:ME) experienced a security breach where hackers accessed approximately 14,000 customer accounts, which is about 0.1% of its customer base. The breach involved 'credential stuffing' to obtain user data, including ancestry and health-related data. The company has since enforced password resets and multi-factor authentication for all users. The extent of the data breach and the number of files related to ancestry profiles accessed are still undisclosed.

Portfolio Pulse from Benzinga Neuro

December 02, 2023 | 7:18 am

AAL

BA

DAL

EADSY

LUV

RYAAY

Ryanair Holdings Plc (NASDAQ:RYAAY) found unauthorized parts in two aircraft engines, similar to issues faced by other airlines. The parts, suspected to be supplied by AOG Technics Ltd. with counterfeit certification, were discovered during maintenance in Texas and Brazil. Airlines such as Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group, Inc. (NASDAQ:AAL), and Southwest Airlines Company (NYSE:LUV) have also found dubious parts. Ryanair, which uses Boeing (NYSE:BA) aircraft, has not been significantly impacted by the scandal, according to CEO Michael O'Leary.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 4:37 pm

FXI

SPY

Five Republican Senators have urged the Biden Administration to limit travel between the U.S. and China due to a rise in cases of respiratory illness in China. They believe that restricting travel could help prevent the spread of diseases from China to the U.S. The request comes amid heightened concerns over global health and the potential impact on international travel and relations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 3:43 pm

EIS

Al Qassam Brigades, the armed wing of Hamas, has claimed responsibility for targeting Tel Aviv with a salvo of rockets, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 3:16 pm