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Shareholder Rights Law Firm Robbins LLP Urges CPNG Investors to Contact the Firm About Their Rights Against Coupang, Inc.
Globenewswire· 2026-02-02 21:43
Core Viewpoint - A class action has been filed against Coupang, Inc. for failing to disclose a significant cybersecurity event that impacted the company, leading to a decline in stock price and harming investors [2]. Group 1: Allegations - Coupang allegedly had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [2]. - The company is accused of subjecting itself to a materially heightened risk of regulatory and legal scrutiny due to the data breach [2]. - When the breach was discovered, Coupang did not report it in a timely manner as required by U.S. Securities and Exchange Commission regulations [2]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Coupang, with a deadline to submit papers to serve as lead plaintiff by February 17, 2026 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. Group 3: Company Background - Coupang is described as one of the fastest-growing technology and commerce companies globally, offering services in retail, restaurant delivery, video streaming, and fintech under various brands [1].
A Surprising ETF That’s Home to Some of the Best Tech Stocks
Etftrends· 2026-02-02 15:14
Core Insights - The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is highlighted as a notable option for investors seeking exposure to promising tech stocks, despite the common focus on larger ETFs like QQQ and QQQM [1] - QQQJ, with a market capitalization of $883.64 million, primarily includes mid-cap and smaller large-cap stocks, featuring an average market cap of $23.88 billion across its 107 holdings [1] Group 1: ETF Overview - QQQJ has been operational for five years and serves as a proving ground for stocks aspiring to enter the Nasdaq-100 Index [1] - The ETF's holdings include companies that Morningstar identifies as top tech names, such as Fiserv and Akamai Technologies [1] Group 2: Notable Holdings - Fiserv (FISV), a key holding in QQQJ, is recognized for its core processing and complementary services for US banks, with shares considered 47% undervalued relative to a fair value estimate of $126 [1] - Akamai Technologies (AKAM) is another significant holding, noted for its investments in cloud computing and edge computing, with a strong network presence that positions it well against major competitors [1]
COUPANG, INC. (CPNG) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by February 17, 2026
TMX Newsfile· 2026-02-02 13:46
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for alleged misleading statements regarding its cybersecurity, which resulted in significant investor losses during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities from May 7, 2025, to December 16, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that inadequate cybersecurity allowed a former employee to access sensitive customer information undetected for nearly six months [3]. Group 2: Company Impact - Following the cyber event, Coupang's CEO resigned, indicating a significant impact on company leadership and investor confidence [3]. - The lawsuit highlights the potential financial repercussions for Coupang, as investors reportedly suffered significant losses due to the alleged cybersecurity failures [3]. Group 3: Law Firm Background - Berger Montague, the law firm representing the plaintiffs, is noted for its expertise in complex civil litigation and has recovered over $50 billion for clients over its 55-year history [4]. - The firm has a strong track record in various legal areas, including securities, which is relevant to the current lawsuit against Coupang [4].
SecureTech Eyes Big 2026 Following Record 2025 Results
Globenewswire· 2026-02-02 13:30
Core Insights - SecureTech Innovations, Inc. has announced its strategic agenda for FY2026 following a successful FY2025 marked by significant operational and financial achievements [1][2] FY2025 Achievements - FY2025 was a breakout year for SecureTech, strengthening its balance sheet and operational capabilities for long-term growth [2] - Key milestones included transitioning from a stockholder deficit of ($440,042) to over $10.4 million in stockholder equity as of September 30, 2025, and achieving record revenue and profitability in Q3 2025 [6][4] - The company reduced its issued and outstanding shares by approximately 61 million, representing a 78% reduction, aligning its capital structure with long-term shareholder interests [6] FY2026 Strategic Priorities - SecureTech's strategic plan for FY2026 focuses on growth, market expansion, and operational discipline [4] - The company completed the acquisition of AI UltraProd, enhancing its technology portfolio and market position [6] - Plans include uplisting to the NASDAQ Capital Market in Q2 2026, contingent on meeting listing requirements [7] - AI UltraProd is set to expand into the U.S. and Indonesian markets, leveraging its advanced manufacturing technologies [7] - An investor awareness program will be launched to enhance visibility and outreach to the investment community [7] - The company will evaluate additional M&A opportunities with candidates generating $5–$10 million in annual revenue [8] Future Initiatives - The company plans to complete the spin-off of its Top Kontrol safety device business onto the OTCQB, creating a dedicated growth platform [13] - SecureTech intends to establish a Bitcoin treasury reserve within its Piranha Blockchain subsidiary, aligning with trends in digital asset management [13]
Gen Digital Stock Outlook: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2026-02-02 13:04
Headquartered in Tempe, Arizona, Gen Digital Inc. (GEN) is a global consumer cyber-safety heavyweight. With a market cap near $14.8 billion, it delivers cybersecurity, identity protection, and privacy tools through well-known brands including Norton, Avast, LifeLock, Avira, AVG, CCleaner, and MoneyLion. Over the past 52 weeks, Gen Digital’s shares declined nearly 14%, clearly lagging the S&P 500 Index ($SPX), which advanced 14.3% over the same span. The underperformance has extended into 2026, with the s ...
CyberCatch Announces Acquisition of Multi-Authority Attributes-Based Encryption, Expands Product Offering to Boost Cybersecurity, Mitigate Risk From AI and Quantum Driven Cyber Attacks and Drive Large Cybersecurity Sales
TMX Newsfile· 2026-02-02 10:00
Core Viewpoint - CyberCatch Holdings, Inc. has signed a definitive share exchange agreement to acquire Atriarch Inc. to enhance its cybersecurity offerings through innovative encryption technology aimed at mitigating risks from AI and quantum-driven cyberattacks [1][2]. Company Overview - CyberCatch provides a proprietary, AI-enabled Software-as-a-Service (SaaS) solution focused on continuous compliance and cyber risk mitigation for organizations in critical sectors [7]. Transaction Details - CyberCatch will acquire all issued and outstanding shares of Atriarch in exchange for 1,250,000 common shares at CAD $2.00 per share [2]. - The completion of the transaction is subject to customary closing conditions, including final approval from the TSX Venture Exchange [6]. Industry Context - The average cost of a data breach in the U.S. exceeds USD $10 million, highlighting the significant financial impact of cybersecurity incidents [3]. - The average time to identify and contain a data breach globally is 241 days, indicating a critical need for improved cybersecurity measures [3]. Technology and Use Cases - The acquisition will enable CyberCatch to commercialize multi-authority attributes-based encryption with revocation technology, which is essential for securing both data in motion and data at rest [1][4]. - Immediate use cases for this technology include enhancing emergency communications in the public sector, allowing for granular access control and instant revocation capabilities [5].
Atos positioned as a Leader in the IDC MarketScape™: Middle East Managed Detection and Response (MDR) 2025 Vendor Assessment
Globenewswire· 2026-02-02 09:10
Core Insights - Atos has been recognized as a Leader in the IDC MarketScape for Managed Detection and Response (MDR) services in the Middle East, reflecting its commitment to delivering managed security services in the region [1][4] Company Overview - Atos has over 25 years of experience in the Middle East, significantly enhancing regional cyber resilience with an expanded Security Operations Centre (SOC) footprint, including operations in Saudi Arabia and a newly launched AI-driven SOC in Qatar [2] - The company operates a global network of 17 SOCs, which provide local monitoring and first-line response, along with specialist global capabilities such as Digital Forensic and Incident Response (DFIR) [3][8] Service Differentiation - Atos's MDR platform integrates diverse telemetry sources and automated triage, connecting with DFIR functions to support incident response, which is particularly beneficial for highly regulated environments [4] - The company focuses on serving medium and large enterprises, as well as public sector organizations, by delivering differentiated services that reinforce trust and resilience [4] Leadership Statements - Marc Veelenturf, Head of Middle East & Turkey at Atos, emphasized the importance of combining local presence with global expertise to strengthen cyber resilience while meeting regulatory requirements [5] - Amit Roy, Global Head of Growth for Cybersecurity Services at Atos, highlighted the company's ability to translate global cybersecurity expertise into local actionable outcomes, leveraging advanced threat intelligence and continuous innovation [5] Cybersecurity Capabilities - Atos Group employs over 6,500 cybersecurity experts and holds 205 cybersecurity patents, providing end-to-end, AI-powered security solutions to help organizations navigate the evolving threat landscape [6] - Under the Eviden brand, Atos offers a sovereign portfolio of cybersecurity products focused on data encryption, identity and access management, and digital identity, all developed in compliance with high European certification standards [7] Operational Scale - Atos processes over 31 billion security events daily and serves more than 2,000 trusted customers, ensuring robust data protection and regulatory compliance across various sectors [8]
CPNG ALERT: Hagens Berman Scrutinizing Coupang, Inc. (CPNG) Suit Over Massive Account Breach and Infiltration
Prnewswire· 2026-01-30 20:14
Core Viewpoint - Coupang, Inc. is facing a lawsuit due to allegations of misleading investors regarding its cybersecurity measures, which failed to prevent a significant data breach affecting 33.7 million accounts, leading to substantial financial losses and executive changes [2][6]. Group 1: Lawsuit and Allegations - The lawsuit claims that Coupang misrepresented its "proactive security" and "administrative safeguards" while failing to detect a data breach for nearly six months [2][6]. - The breach, attributed to a former employee, resulted in unauthorized access to sensitive customer data and has led to a compensation plan of $1.2 billion [2][6]. - Coupang's internal systems were reportedly infiltrated starting June 24, 2025, with the breach disclosed on November 29, 2025 [6]. Group 2: Financial Impact - The data breach has resulted in a loss of over $8 billion in market value for Coupang [2]. - The company announced a $1.2 billion compensation plan in response to the breach [2][6]. Group 3: Executive Changes and Regulatory Scrutiny - Following the breach, Coupang's CEO Park Dae-joon resigned on December 10, 2025, and was replaced by Harold Rogers as interim CEO [6]. - Coupang is currently under investigation by Korean regulators, which the company is fully cooperating with [6].
Cyber Security, Artificial Intelligence, Mobile Wallets and More: IOCP Announces Presentations and Speakers for 27th Annual Commercial Card and Payment Conference
PRWEB· 2026-01-29 20:00
Core Insights - The conference agenda for 2026 includes over 40 breakout sessions covering the entire lifecycle of Commercial Payments, from foundational design to advanced topics like AI adoption and cybersecurity [1][4] - Keynote speaker John Iannarelli, a retired FBI Special Agent, will focus on cybersecurity awareness, discussing how cybercriminals exploit payment operations and offering strategies to mitigate risks [3] - The conference provides a unique networking opportunity for Commercial Payments practitioners from various sectors, allowing them to share experiences and solutions [4][5] Industry Overview - The Institute of Commercial Payments (IOCP) is a professional organization dedicated to advancing Commercial Card and Payment professionals globally, with a community of over 19,000 members since 1999 [5][7] - The conference will feature speakers from diverse sectors and organizations, sharing insights from managing programs with transaction volumes ranging from 18,000 to over 500,000 annually [2][4] Key Topics - Important topics at the conference include managing risk and fraud in digital payments, utilizing automation and emerging technologies, and optimizing Commercial Card programs while ensuring compliance [6] - The event emphasizes the importance of data, reporting, and analytics in strengthening program visibility and value, as well as navigating regulatory and security challenges [6]
Palo Alto Networks Completes Chronosphere Acquisition, Unifying Observability and Security for the AI Era
Prnewswire· 2026-01-29 14:15
Core Insights - Palo Alto Networks has completed the acquisition of Chronosphere to enhance real-time data visibility and security for AI-driven digital operations [1][2] - The integration aims to redefine operational efficiency by providing deep visibility into applications, infrastructure, and AI systems while controlling data costs [2][3] Company Overview - Palo Alto Networks is recognized as a global leader in AI and cybersecurity, serving over 70,000 organizations worldwide with comprehensive AI-powered security solutions [6] - The company emphasizes platformization to streamline security operations, ensuring that protection fuels innovation [6] Acquisition Details - Chronosphere is noted as a leader in the 2025 Gartner Magic Quadrant for Observability Platforms, designed to manage large-scale data in cloud-native environments [2][11] - The acquisition allows Palo Alto Networks to offer a new standard where observability, security, and AI converge, providing organizations with better control over their data [4][2] Technological Integration - The planned integration of Palo Alto Networks Cortex AgentiX with Chronosphere's observability platform will enable automated identification and resolution of security and IT issues [3] - Chronosphere's Telemetry Pipeline can reduce data volumes by over 30% and requires 20 times less infrastructure compared to legacy systems, supporting Palo Alto Networks' strategy for scalable security [4]