cybersecurity

DOE invests $45 million in cyber technology that protects power sector

The Department of Energy announced on Wednesday that it is investing $45 million in cyber technology that will protect the power grid sector from cyberattacks. The investment will fund up to 15 research projects that will focus on developing new cybersecurity technologies designed to reduce cyber risks in the energy sector. “As DOE builds out …

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Chinese tech giants share details of their algorithms with regulators

China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector. Thomas White | Reuters Chinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks …

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Ransomware Gang Claims It Has 2.8GB Of Data

August 12 Update below. This post was originally published on August 11 Networking giant Cisco confirms hacking as ransomware group publishes a partial list of files it claims to have exfiltrated. On the same day that the Yanluowang ransomware group published a partial list of files it says were stolen from Cisco, the networking giant’s …

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Crypto startup Nomad offers 10% bounty after $190 million hack

Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad pleaded …

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CrowdStrike is well-positioned for a recessionary environment, Stephens says

Investors looking to ride out the recession in the security space should consider putting their money in CrowdStrike , research firm Stephens said. “We believe CRWD is one of the most well-positioned security vendors in a recessionary environment given its comprehensive platform (enabling vendor consolidation and cost savings) and strong competitive positioning within some of …

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Hackers drain nearly $200 million from crypto startup Nomad

Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers drained almost $200 million in cryptocurrency from …

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Meta gets new CFO as David Wehner moves to chief strategy officer role

David Wehner, CFO at Meta Harriet Taylor | CNBC Meta CFO David Wehner will take on a new role as the company’s first chief strategy officer, starting Nov. 1, according to the company’s second-quarter earnings report. Susan Li, Meta’s current vice president of finance, will be the Facebook parent’s new chief financial officer Shares of …

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Former Coinbase manager and two others charged in insider trading plot

The logo for Coinbase Global Inc, the biggest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Three people have been charged in the first-ever crypto insider trading tipping scheme, according to a release from the US Attorney’s …

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Netflix expanding password-sharing crackdown with new test

Netflix is ​​expanding its efforts to crack down on password sharing with a new test in some Latin American countries. Beginning Aug. 22, the streaming behemoth will unveil a new “add a home” option, which will charge users an extra monthly fee when they stream through a TV or TV-connected device located outside a primary …

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