Streetbeat News

Security

OKTA

Okta's shares are trading lower due to a security breach in its support system, where a threat actor viewed customer files. Keybanc maintained an Overweight rating on Okta but reduced its price target from $106 to $95.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 2:11 pm

OKTA

Okta Inc's shares are trading lower due to continued momentum after a security breach. The company stated that a threat actor gained unauthorized access to its support management system and viewed files from certain customers. Okta's production service and Auth0/CIC case management system were not impacted. Following the incident, Keybanc analyst Michael Turits maintained an Overweight rating for Okta but lowered the price target from $106 to $95.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 1:42 pm

ROK

Rockwell Automation, Inc. (NYSE:ROK) has announced a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company. The acquisition is expected to expand Rockwell's cybersecurity offerings, addressing the increasing threat of operational technology and industrial control systems attacks. The deal is subject to customary approvals and is expected to close in the first quarter of Rockwell's fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:52 pm

BTCUSD

DOGEUSD

ETHUSD

The US and Israel are intensifying efforts to curtail cryptocurrency transfers to Hamas, with coins like Bitcoin, Dogecoin, and Ethereum often implicated as funding streams for Islamist organizations. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed new regulations to classify 'Convertible Virtual Currency Mixing' as a primary money laundering concern. Despite these revelations, experts caution against overhyping cryptocurrency’s role in funding extremism. Cryptocurrencies are increasingly accused of facilitating funding for Islamist groups, leading to a rise in regulatory scrutiny.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 10:35 am

AAPL

Scammers are exploiting iPhone 15 overheating issues to trick users into sending their devices for supposed recall repairs. Posing as carrier representatives, these fraudsters have been successful in tricking many users. Apple has not issued any official recall for the iPhone 15 devices and has advised its customers to ignore such scam calls.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 10:22 am

EIS

SPY

USO

VGK

The U.S. and its allies are holding discussions over concerns that the ongoing conflict between Israel and Hamas could escalate. The situation could potentially impact global markets, including those in the U.S., Europe, and the Middle East.

Portfolio Pulse from Charles Gross

October 23, 2023 | 9:22 am

BTCUSD

Antoine Riard, an open-source Bitcoin and Lightning developer, has disclosed a series of security vulnerabilities in the Lightning Network, a scalability solution for Bitcoin. The vulnerabilities might necessitate foundational changes in Bitcoin's base layer. Riard has also decided to halt his involvement with the Lightning Network's development. The reasons behind his decision remain speculative, but some suggest that the disclosed vulnerabilities could be a major factor.

Portfolio Pulse from Murtuza Merchant

October 22, 2023 | 2:08 am

LLY

NVO

The rising demand for weight-loss medications like Novo Nordisk's Ozempic and Eli Lilly's Mounjaro has led to a surge in counterfeit drugs. Both companies are working with organizations like the Pharmaceutical Security Institute and law enforcement to combat this issue. Counterfeit versions of these drugs have been intercepted in over a dozen countries, posing significant health risks.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2023 | 1:56 am

CVX

USO

XLE

XOM

Iraqi Prime Minister Mohammed Shia al-Sudani warned about the potential impact of the Israel-Hamas conflict on the global oil supply. He expressed concerns about the conflict escalating and affecting energy supplies, which could lead to economic crises and further conflicts. In the stock market, oil companies like ExxonMobil Corporation and Chevron Corporation, as well as ETFs such as the United States Oil Fund, LP and the Energy Select Sector SPDR Fund, could be impacted by any disruptions in the oil supply.

Portfolio Pulse from Bibhu Pattnaik

October 21, 2023 | 6:04 pm

OKTA

Okta has announced that the Auth0/CIC Case Management System is not impacted by a recent incident. The details of the incident were not provided.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:02 pm