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Advent of ChatGPT: Boon/Bane to Cybersecurity ETFs?
ZACKS· 2025-03-14 17:30
Core Insights - OpenAI's GPT-4 has significant implications for cybersecurity, presenting both opportunities and threats as discussed at the RSA Conference 2023 [1][2] - The potential for increased cyberattacks and code reuse is anticipated due to the capabilities of ChatGPT [2] - Cybersecurity professionals must adapt to the evolving landscape by utilizing AI technology for defense against AI-generated threats [5][6] Group 1: Cybersecurity Threats - ChatGPT can be exploited to create AI-generated phishing scams, posing a new threat to cybersecurity [4] - Hackers may manipulate ChatGPT to generate hacking code, necessitating continuous upskilling for cybersecurity professionals [5] - The dual-use nature of ChatGPT means that both malicious actors and defenders can leverage its capabilities [6] Group 2: Positive Applications in Cybersecurity - Microsoft’s Security Copilot, powered by GPT-4, aids security teams in incident response and threat hunting, enhancing operational efficiency [3] - OpenAI Playground serves as a testing platform for various permutations of OpenAI models, which can be beneficial for cybersecurity applications [2] Group 3: Regulatory and Market Implications - There is a call for stricter regulations on AI usage in cybersecurity, highlighted by the Biden administration's "Blueprint for an AI Bill of Rights" [7] - The advent of ChatGPT is expected to drive interest in cybersecurity stocks, with ETFs like HACK, CIBR, IHAK, and WCBR experiencing a decline of 2.9% to 4.4% in the past month [8]
Why the FastTrak toll road text scam is out of control and Apple, Android can't do anything to stop it
CNBC· 2025-03-13 15:49
The texts first started arriving on Eric Moyer's phone in February. They warned him that if he didn't pay his FastTrak lane tolls by February 21, he could face a fine and lose his license.The Virginia Beach resident did what the majority of people do: ignore them. But there was enough hesitation to at least double-check."I knew they were a scam immediately; however, I had to verify my intuition, of course; I accessed my E-ZPass account to ensure, plus I knew that I had not utilized a toll road in recent mo ...
Joy Chik to Join PayPal's Board of Directors
Prnewswire· 2025-03-10 13:06
Core Insights - PayPal has appointed Joy Chik to its Board of Directors, bringing over 26 years of corporate and board experience, particularly in technology and AI [1][2] - The company aims to transform commerce over the next decade by enhancing innovation and integrating artificial intelligence across its product offerings [2] - Joy Chik's expertise in AI, identity, and security is expected to support PayPal's growth and innovation strategies [2] Company Strategy - PayPal is shifting from a payments platform to a full-stack commerce API, indicating a strategic evolution that could enhance shareholder value [2] - The integration of cutting-edge technology is a priority for PayPal as it seeks to deliver personalized experiences to its global customer base [2] Leadership and Experience - Joy Chik currently serves as President of Identity and Network Access at Microsoft, overseeing a multi-billion-dollar security business [1] - Her advisory role includes working with Fortune 500 companies and government agencies on digital transformation and cybersecurity [2] - Chik has prior board experience with Sierra Wireless and is currently a trustee for AnitaB.org [2] Company Background - PayPal has been a leader in global commerce for over 25 years, focusing on creating secure and personalized experiences for consumers and businesses in approximately 200 markets [3]
Mastercard & Whistic Partner to Enhance Third-Party Risk Management
ZACKS· 2025-03-05 15:41
Group 1 - Mastercard has partnered with Whistic to launch a new product that combines RiskRecon capabilities with third-party risk management expertise, aiming to improve risk outcomes for organizations [1] - The partnership is expected to enhance Mastercard's value-added services, with net revenues in this segment increasing by 16.8% year over year in 2024 [2] - Whistic's AI-driven security assessments, along with RiskRecon scoring, will provide clients with insights into vendor risk, enabling informed risk management decisions [3] Group 2 - The integration of these services is projected to drive higher revenues through increased adoption of Mastercard's value-added services, with management estimating low-double-digit growth in adjusted net revenues for 2025 [4] - Mastercard's share price has increased by 5.4% year to date, compared to the industry's growth of 8.8%, and currently holds a Zacks Rank of 3 (Hold) [5]
Spartan Capital Securities, LLC Serves as Co-Placement Agent in Healthcare Triangle, Inc.'s $15.2 Million Private Placement
GlobeNewswire News Room· 2025-03-04 13:55
Core Insights - Spartan Capital Securities, LLC successfully completed a $15.2 million private placement for Healthcare Triangle, Inc. to support its expansion and digital transformation initiatives in the healthcare and life sciences sectors [1][2]. Group 1: Financial Details - The proceeds from the private placement will be utilized for strategic acquisitions, general corporate purposes, and working capital needs, enhancing Healthcare Triangle's mission in cloud enablement, cybersecurity, and data analytics solutions [2]. - Spartan Capital Securities played a significant role by placing $14.2 million of the total private placement, highlighting its strong position in the investment banking sector [2]. Group 2: Company Statements - John Lowry, CEO of Spartan Capital Securities, expressed honor in serving as Co-Placement Agent for Healthcare Triangle, emphasizing the company's leadership in digital innovation within healthcare and life sciences [3]. - The successful transaction reflects both Healthcare Triangle's strong vision and Spartan Capital's commitment to facilitating meaningful investment opportunities [3]. Group 3: Legal and Compliance - The securities involved in the offering, including common stock and various warrants, have not been registered under the Securities Act of 1933 or any state securities laws, and cannot be offered or sold in the U.S. without registration or an applicable exemption [4].
Verizon Announces Strategic Partnership with Accenture to Help Organizations Tackle Emerging Cybersecurity Threats
Newsfilter· 2025-03-03 07:00
Core Insights - Verizon Business and Accenture have formed a strategic partnership to enhance cybersecurity solutions for businesses of all sizes, addressing threats such as data breaches and phishing attacks [2][3] - The partnership will initially focus on offering as-a-service capabilities including Identity and Access Management (IAM) and Managed Extended Detection and Response (MxDR), followed by co-innovation of new solutions [3][7] - The collaboration aims to improve resilience against evolving cybersecurity threats driven by emerging technologies and geopolitical uncertainties [4][7] Company Overview - Verizon Communications Inc. generated revenues of $134.8 billion in 2024 and serves nearly all Fortune 500 companies, focusing on mobility, reliable network connectivity, and security [5] - Accenture is a global professional services company with approximately 799,000 employees, providing services that help organizations build their digital core and optimize operations [6] Industry Context - The cybersecurity landscape is becoming increasingly complex, necessitating businesses to prioritize resilience and adapt to new threats [4] - The partnership between Verizon and Accenture is positioned to meet the growing demand for comprehensive cybersecurity solutions, enhancing Verizon's competitive edge in the market [4][7]
Empower Students with Free Resources to Thrive in Today’s Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet
Globenewswire· 2025-02-27 14:00
Core Insights - Discovery Education has launched a new Digital Citizenship Initiative aimed at providing educators and students with free tools and resources to navigate the digital world effectively [1][2] - The initiative addresses critical issues such as cyberbullying, online privacy, and digital footprints, highlighting the need for awareness among students regarding the impacts of digital technologies [2] Company and Industry Overview - The Digital Citizenship Initiative is a collaboration with partners including Verizon and Fortinet, which contribute expert insights and resources aligned with educational standards [3] - Verizon emphasizes its commitment to empowering students to use digital technologies responsibly, reflecting its purpose-driven approach [4] - Fortinet focuses on building a cyber-aware society by providing a tailored security awareness curriculum as part of the initiative, aimed at enhancing cybersecurity skills among educators and students [5] - Discovery Education serves approximately 4.5 million educators and 45 million students globally, providing K-12 digital solutions that support learning across various disciplines [10]
Cybersecurity’s Brightest Minds Unite at SANS 2025 Flagship Training Event —Don’t Miss This Exclusive Industry Event
Globenewswire· 2025-02-26 14:43
Core Insights - SANS 2025 is a major cybersecurity training event scheduled for April 13-18, 2025, in Orlando, featuring over 50 courses and expert-led sessions [1][2] - The event highlights the increasing importance of cybersecurity, with over 90% of organizations experiencing significant cyber incidents in the past year [1] - Keynote speaker Dr. Bilyana Lilly will discuss the geopolitical motivations behind state-sponsored cyber threats, providing critical insights into the evolving cyber threat landscape [2] Event Details - The event will take place at the Hyatt Regency Orlando, with registration currently open and a discount of $769 available for 4-6 day in-person courses [3] - Attendees will have the opportunity to engage in hands-on workshops and network with industry leaders, including a unique SANS Curriculum + Product Tradeshow [5] - Additional sessions will cover pressing cybersecurity challenges, such as cloud security and software bill of materials (SBOMs) [5]
Akamai(AKAM) - 2024 Q4 - Earnings Call Transcript
2025-02-21 03:10
Financial Data and Key Metrics Changes - Akamai reported total revenue of $1.02 billion for Q4 2024, representing a 3% year-over-year increase [45] - Non-GAAP earnings per share (EPS) was $1.66, exceeding guidance and down 2% year-over-year [50] - Security revenue reached $535 million, growing 14% year-over-year, while compute revenue grew to $167 million, a 24% year-over-year increase [46][48] Business Line Data and Key Metrics Changes - Security became the majority revenue contributor for the first time, surpassing $2 billion in annual revenue and growing 16% year-over-year [10] - Cloud computing revenue was $630 million, growing 25% over 2023, with cloud infrastructure services contributing $230 million, up 32% [10] - Combined revenue from security and compute accounted for 69% of total revenue in Q4 [48] Market Data and Key Metrics Changes - International revenue was $490 million, up 2% year-over-year, representing 48% of total revenue [49] - The company anticipates a decline in delivery revenue to shrink to about 10% year-over-year in 2025, with signs of improvement in the delivery marketplace [36] Company Strategy and Development Direction - Akamai is transforming from a CDN pioneer to a cybersecurity and cloud computing company, focusing on expanding its security offerings and cloud infrastructure services [9][12] - The company aims to achieve a compounded annual growth rate (CAGR) of about 10% for security products over the next three to five years, targeting over $3 billion in security revenue by the end of the decade [16][17] - Akamai plans to focus more on compute investments, expecting cloud infrastructure services ARR to grow by 40% to 45% in 2025 [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong demand for security solutions and cloud infrastructure services [41] - The company expects to see revenue growth acceleration in 2025, driven by improvements in product mix and operational efficiency [40] - Management acknowledged challenges from foreign exchange fluctuations and the impact of a major customer pursuing a DIY strategy [37][59] Other Important Information - Akamai's capital expenditures (CapEx) for Q4 were $193 million, representing 19% of revenue, with plans to continue share buybacks [51][52] - The company expects to generate approximately $85 million to $105 million in revenue from the Edgio transaction in 2025 [53] Q&A Session Summary Question: Can you expand on the large cloud deal and the competitive environment? - Management indicated that the customer is increasing usage of Akamai's cloud infrastructure services and that a data center is being built in Scandinavia to meet specific needs [81][82] Question: Is the $100 million compute deal the same as the five-year deal with the largest delivery customer? - Management confirmed that they are the same customer [86] Question: Can you elaborate on the $60 million headwind from the largest customer? - The headwind is primarily due to the customer's DIY build-out, which will reduce reliance on Akamai's services [92] Question: What is the outlook for retaining Edgio contracts? - Management expressed confidence in retaining the Edgio customer base, with no significant churn anticipated [120] Question: What steps are being taken to minimize disruption from changes in the go-to-market strategy? - Management is in the early stages of a two-year process to transform the sales force and improve account segmentation and pricing strategies [105][106]
Sagtec Global Ltd(SAGT) - Prospectus
2024-12-26 22:23
As filed with the U.S. Securities and Exchange Commission on December 26, 2024. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________________________________ SAGTEC GLOBAL LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) ________________________________________________ | British Virgin Islands | 6209 | ...