Cybersecurity
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X @Bloomberg
Bloomberg· 2025-10-16 02:11
A potentially “catastrophic” breach of a major US-based cybersecurity provider has been blamed on state-backed hackers from China, sources say https://t.co/k8UzZNv6bw ...
X @Decrypt
Decrypt· 2025-10-15 22:15
North Korean Hackers Target Crypto Devs Through Open-Source Software Hub► https://t.co/VKEaIGaQgs https://t.co/VKEaIGaQgs ...
JPMorganChase, Wells Fargo, Capital One issue scam warnings
American Banker· 2025-10-15 21:02
Core Insights - The article discusses the heightened focus on cybersecurity awareness among banks and credit unions during October, emphasizing the importance of educating consumers and businesses about financial threats [1][2]. Group 1: Cybersecurity Awareness Campaigns - Many financial institutions implement thematic weekly communications to educate customers on cybersecurity, with some banks adopting a consistent message throughout the month [2]. - First Federal Community Bank of Bucyrus utilizes a "weekly game plan" focusing on five themes: strong authentication, spotting scams, device and network safety, protecting kids and seniors, and a Halloween special [3]. - The bank provides weekly one-pagers with advice, reinforcing foundational "cyber hygiene" principles such as avoiding public Wi-Fi [3]. Group 2: Password Security Evolution - The consensus on strong password requirements has shifted from complex character strings to longer, memorable passphrases, which are now recommended by many banks [5][7]. - Passphrases consist of multiple random words, making them easier to remember and harder to crack compared to traditional passwords [9]. Group 3: Managing Customer Expectations - Banks communicate clearly what information they will never request from customers to combat impersonation scams, using direct language to set expectations [10]. - Institutions like Capital One and Eastern Bank explicitly state they will not ask for sensitive information over the phone or via email [10]. Group 4: Identifying Scams and Fraud - Financial institutions educate customers about various scams, including check fraud and the risks associated with immediate digital payments like wire transfers and Zelle [12][13]. - Banks highlight different forms of impersonation attacks, collectively referred to as the "-ishing" family, which includes phishing, vishing, smishing, and quishing [13][14].
X @Bloomberg
Bloomberg· 2025-10-15 19:36
Chinese state actors systemically and successfully compromised classified UK government computer systems for more than a decade, according to two former senior security officials and other sources https://t.co/7VDaVLVJXE ...
Wedbush Sees an AI M&A Boom Ahead: 3 Prime Takeover Targets
Yahoo Finance· 2025-10-15 17:57
Company Overview - Sandisk is valued at $18.6 billion and is known for creating, manufacturing, and distributing flash memory storage systems used in smartphones, cameras, computers, and data centers [5] - The stock has experienced a significant rise of over 288% since its relisting under the SNDK ticker earlier this year, driven by increased demand for high-performance data storage solutions for AI workloads [4] Financial Performance - Analysts expect Sandisk's revenue to increase by 22% to $8.9 billion, with earnings projected to rise by 119% to $6.55 per share [2] - For the full fiscal year 2025, Sandisk reported a 10% increase in revenue to $7.3 billion and a profit of $2.99 per share, compared to a loss of $3.46 per share in fiscal 2024 [3] Market Position and Competition - The competitive landscape in the flash memory market remains intense, with Micron dominating both the NAND and DRAM markets [2] - The demand for massive storage and memory capacities driven by AI models positions Sandisk as an appealing target for Big Tech firms developing or expanding AI data centers [3] Analyst Ratings - Wall Street rates Sandisk stock as a consensus "Moderate Buy," with 11 out of 18 analysts recommending a "Strong Buy," six recommending a "Hold," and one suggesting a "Strong Sell" [1] - The stock has surpassed its average analyst price target of $94.28, with a high price estimate of $150 implying an upside potential of 8% over the next 12 months [1]
X @Bloomberg
Bloomberg· 2025-10-15 17:12
MuniOS, a platform for state and local bond documents, has been offline for days after a ransomware attack, sources said https://t.co/XggY0ZFy5a ...
AI trading is flooding Wall Street—and fueling a 1.2 trillion-message trading surge, NYSE president says
Yahoo Finance· 2025-10-15 16:58
Core Insights - The New York Stock Exchange (NYSE) is experiencing a significant increase in trading activity, processing 1.2 trillion order messages per day, a threefold increase from four years ago [1][2] - The surge in trading volume is attributed to AI-driven trading, algorithmic strategies, and high-speed market participants, fundamentally transforming U.S. market structures [1][2] Trading Volume and Market Dynamics - In April, a peak day for the NYSE saw 1.2 trillion incoming order messages, compared to about 350 billion messages per day during the early days of the COVID pandemic four years ago [2] - Each message represents a buy order, sell order, or match, indicating that stocks are changing hands at unprecedented speeds [2] AI Integration in Market Surveillance - The NYSE has integrated artificial intelligence to monitor trading flows in real time, as human oversight is no longer sufficient to keep pace with market activity [3] - AI functions as a regulatory tool, scanning for market manipulation, spoofing, and cyberattacks amidst the high volume of daily messages [3] Cybersecurity Measures - The NYSE operates a private, offline data center, which is unique among exchanges, to address rising cybersecurity concerns alongside increasing message volume [4] - This data center is isolated from the public internet, utilizing point-to-point links to enhance security and protect critical infrastructure [5]
Cyber giant F5 Networks says government hackers had ‘long-term' access to its systems, stole code and customer data
TechCrunch· 2025-10-15 15:50
Core Insights - F5 Networks experienced a significant cybersecurity breach, with government-backed hackers gaining long-term access to its network, leading to the theft of source code and customer information [1][2] - The company believes its containment actions have been successful after discovering the breach on August 9 [1] Company Overview - F5 Networks, based in Seattle, specializes in application security and cybersecurity defenses for large enterprises and government entities [2] - The company serves over 1,000 corporate customers, including more than 85% of the Fortune 500, which encompasses major banks, technology firms, and critical infrastructure companies [5] Nature of the Breach - Hackers accessed F5's BIG-IP product development environment and knowledge management systems, which included source code and undisclosed security vulnerabilities [2] - The hackers downloaded configurations and implementation information about some customers' systems, potentially enabling further exploitation [4] Response and Mitigation - F5 has not detected any modifications to its software during development nor any exploitation of the vulnerabilities while in the hackers' possession [3] - The company released updates for its BIG-IP platform to address the undisclosed security flaws and urged customers to apply these patches [3] Regulatory and Security Implications - The U.S. Department of Justice permitted F5 to delay public disclosure of the breach, citing potential risks to national security or public safety [5] - Following F5's disclosure, the U.K.'s National Cyber Security Centre warned that the breach could allow threat actors to exploit F5 devices and software [6] Context of Cybersecurity Threats - F5 is among several tech companies that have faced similar breaches by government-affiliated hackers in recent years, including notable incidents involving Microsoft and Hewlett Packard Enterprise [8]
T-Mobile Unveils New Cyber Defense and Executive Briefing Centers
Businesswire· 2025-10-15 15:00
Core Insights - T-Mobile has launched a new Cyber Defense Center and an Executive Briefing Center to enhance cybersecurity and showcase technological innovations [1][2][3] Cyber Defense Center - The Cyber Defense Center is designed for real-time detection, disruption, and response to cyber threats, reflecting T-Mobile's strategic investment in cybersecurity [2][3] - It includes a Cyber Command Center that operates 24/7, utilizing advanced analytics and machine learning to monitor global threats and protect customer data [3][4] - The Cyber Lab allows security experts to innovate and anticipate cyber threats, testing tools and developing defenses [3][4] - Incident Response War Room and Digital Forensics Room facilitate rapid response to cyber incidents, enabling teams to analyze threats and improve future defenses [3][4] Executive Briefing Center - The Executive Briefing Center serves as a platform for enterprise customers to experience T-Mobile's business solutions, featuring five immersive zones that address real-world business challenges [5] - It aims to demonstrate how T-Mobile's technology can drive impactful business outcomes across various industries [2][5] Business Operations Center - T-Mobile's existing Business Operations Center acts as a command hub for network health and crisis response, ensuring reliability and continuity for customers [6]
PayPal Alerts Consumers to Phishing Scams and Encourages Safety Tips
Prnewswire· 2025-10-15 15:00
Accessibility StatementSkip Navigation During National Cybersecurity Awareness Month, the company spreads awareness to help people spot and avoid socially engineered phishing scams. SAN JOSE, Calif., Oct. 15, 2025 /PRNewswire/ --Â As trusted leaders in customer protection, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to fighting continually evolving scams. With National Cybersecurity Awareness Month underway, the company is spreading awareness of phishing scams in which fraudsters impersonate well-know ...