Streetbeat News

Security

TGT

Target Corporation (TGT) has announced the closure of nine stores across the US due to increasing levels of theft and organized retail crime. The stores are located in New York City, Seattle, San Francisco, and Portland. The company has been vocal about the issue of organized retail crime, which has led to higher shrink levels, impacting profitability. The closures are set to take place on October 21, 2023. The company also expressed support for the Combating Organized Retail Crime Act, which proposes stricter penalties for theft offenses.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 7:08 pm

JPM

JP Morgan Chase & Co (NYSE:JPM) has decided to halt cryptocurrency-related transactions for its U.K. clients starting Oct. 16, due to concerns over rising fraudulent activities linked to cryptocurrencies. The bank's decision aligns with the cautious stance of many U.K. banks towards cryptocurrency transactions. The Financial Conduct Authority (FCA), the U.K.'s financial regulatory body, has had to mediate dialogues between banks and cryptocurrency entities due to the banking sector's hesitancy in serving the crypto industry.

Portfolio Pulse from Murtuza Merchant

September 26, 2023 | 6:49 pm

BAH

Booz Allen Hamilton Holding Corporation (NYSE:BAH) has invested in HiddenLayer, a security platform that safeguards machine learning models, through its venture capital segment, Booz Allen Ventures. The financial terms of the deal were not disclosed. This investment is expected to enhance Booz Allen's Adversarial AI capabilities, particularly in the context of national defense threats and growing consumer expectations.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 5:49 pm

SONY

Sony Group Corp (NYSE: SONY) has reportedly been hacked by a new ransomware group known as Ransomed.vc. The group claims to have accessed around 6,000 files from Sony and plans to sell the data rather than demand a ransom. Sony is currently investigating the situation.

Portfolio Pulse from Franca Quarneti

September 26, 2023 | 5:49 pm

GETY

GOOG

GOOGL

NVDA

Getty Images has launched 'Generative AI by Getty Images', a tool that pairs the company's creative content with AI technology to combat deepfake images. The tool is part of Nvidia's Picasso, a foundry for generative AI models for visual design. Getty Images will compensate contributors for any inclusion of their content in the training set. Google DeepMind has developed a new SynthID technology to prevent users from removing watermarks from AI-generated images.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 5:10 pm

BTCUSD

ETHUSD

JPM

JPMorgan's UK retail bank, Chase, has announced a ban on crypto transactions due to an increase in fraud and scams. The ban, which will affect purchases of crypto assets on a Chase debit card or transfers to a crypto site from a Chase account, will come into effect from October 16. The move follows similar actions by other banks such as NatWest and Santander.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:58 pm

SNX

Spin.AI and TD SYNNEX have partnered to provide SaaS security solutions to resellers and customers. The all-in-one SaaS security platform, SpinOne, will be available to TD SYNNEX partners and customers worldwide, aiming to reduce security and compliance risks associated with data theft, leak, and loss.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:23 pm

AVGO

GOOG

Broadcom Inc. has partnered with Google Cloud to enhance its Symantec Endpoint Security (SES) solution. The partnership will leverage Google Cloud's artificial intelligence (AI) and machine learning (ML) capabilities to improve threat detection and response.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:07 pm

SNE

Sony Group Corp. (NYSE:SNE) has reportedly been targeted in a substantial ransomware attack by a new group on the dark web, Ransomed.vc. The group claims to have hacked into all Sony systems and plans to sell the stolen data. Sony has not yet made a public statement regarding the breach or the extent of the impact. This is not the first time Sony has been targeted; in 2011, Sony’s PlayStation Network was subjected to a sweeping breach.

Portfolio Pulse from Benzinga Neuro

September 26, 2023 | 8:23 am

APO

BX

CG

JPM

KKR

META

TPG

The U.S. Securities and Exchange Commission (SEC) has collected thousands of messages from staff at over a dozen leading investment firms as part of an investigation into the use of private messaging apps for business communication. The investigation, which has been ongoing for two years, initially focused on broker-dealers and resulted in more than $2 billion in fines. The latest phase of the investigation includes firms like Carlyle Group, Apollo Global Management, KKR & Co, TPG, Blackstone, and Citadel. The SEC's increased scrutiny comes after JPMorgan Chase failed to provide certain documents in 2018 during an unrelated investigation.

Portfolio Pulse from Benzinga Neuro

September 26, 2023 | 8:16 am