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Bloomberg· 2025-10-21 14:31
RT Bloomberg Live (@BloombergLive)"The great demand we're witnessing right now because of attacks on critical infrastructure - from airports to manufacturing in the US and EMEA,"@ArmisSecurity's Yevgeny Dibrov reveals the growing demand cybersecurity organisations are currently facing at #BloombergTech. https://t.co/cATkXUz7p9 ...
IQST - IQSTEL and Cycurion Enter a New Era of AI-Cybersecurity, Completing Phase One of Their Next-Generation Cyber Defense Rollout
Globenewswire· 2025-10-21 12:45
Core Insights - IQSTEL Inc. and Cycurion, Inc. have launched a new generation of AI-enhanced cybersecurity, marking a significant step towards creating a secure AI ecosystem for telecom and enterprise clients [1][7] - The integration of Reality Border's Model Context Protocol (MCP) with Cycurion's ARx platform enables proactive threat hunting and enhanced security for AI agents [2][6] Phase One Deliverables - Phase One introduces a secure Model Context Protocol (MCP) for AI agents, enhancing their ability to securely discover and use external tools and data [4] - Key features include: - MCP Interface for Airweb.ai and IQ2Call.ai, providing a standardized secure context for AI workflows [4] - ARx Reverse-Proxy Shielding to obscure server IPs and divert threats [4] - A four-layer ARx Defense system, including geo-gating, WAF & API security, proprietary bot hunter, and AI-powered behavioral analysis [4] - Dynamic threat intelligence with a real-time blocklist of over 13 million malicious IPs [4] Operational Enhancements - The MCP enforces policies at the edge, ensuring that every request/response is protected by ARx, which challenges or blocks malicious sessions in real time [5] - The system provides auditability and least-privilege access, allowing for detailed tracking of actions and security verdicts [5] Future Developments - The collaboration aims to build a powerful AI-enhanced cybersecurity ecosystem, with future phases focusing on AI-driven cyber protection that predicts and neutralizes threats [7] - IQSTEL is forecasting $340 million in revenue for FY-2025, with ambitions to become a $1 billion tech-driven enterprise by 2027 [8]
IQST - IQSTEL and Cycurion - CYCU Enter a New Era of AI-Cybersecurity, Completing Phase One of Their Next-Generation Cyber Defense Rollout
Prnewswire· 2025-10-21 12:45
Core Insights - IQSTEL Inc. has partnered with Cycurion to enhance AI-driven cybersecurity solutions, marking a significant step towards creating a secure AI ecosystem for telecom and enterprise clients [1][7]. Group 1: Partnership and Development - Reality Border, IQSTEL's AI subsidiary, has completed Phase One of its collaboration with Cycurion, introducing a secure Model Context Protocol (MCP) integration for their AI agents [1][2]. - The integration of MCP with Cycurion's ARx platform allows for proactive threat hunting, moving from reactive defense to a more advanced cybersecurity approach [2][4]. Group 2: Technical Features and Benefits - The MCP standardizes secure interactions for AI agents, enforcing permissions and least-privilege policies, which reduces risk while maintaining operational speed [4][6]. - The ARx platform features a four-layer defense system, including geo-gating, WAF & API security, a proprietary bot hunter, and AI-powered behavioral analysis for real-time threat detection [5][6]. Group 3: Future Outlook - The partnership aims to evolve beyond mere defense, with future phases focusing on AI's role in predicting and neutralizing cyber threats before they arise [7]. - IQSTEL is forecasting $340 million in revenue for FY-2025, with ambitions to become a $1 billion tech-driven enterprise by 2027, indicating strong growth potential [8].
76 Percent of Organizations Struggle to Match the Speed of AI-Powered Attacks, Finds CrowdStrike State of Ransomware Survey
Businesswire· 2025-10-21 11:53
AUSTIN, Texas--(BUSINESS WIRE)--According to the 2025 State of Ransomware Survey from CrowdStrike (NASDAQ: CRWD), 76% of global organizations struggle to match the speed and sophistication of AI-powered attacks. With 89% viewing AI-powered protection as essential to closing the gap, the findings make clear that the future of stopping breaches will be decided by who holds the AI advantage – adversaries or defenders. "From malware development to social engineering, adversaries are weaponizing AI. ...
OKTA CEO reveals how company can stay 'robust' amid outages
Youtube· 2025-10-21 06:45
Core Insights - Amazon Web Services (AWS) experienced a significant outage affecting numerous companies, including Coinbase, Disney Plus, and T-Mobile, with issues starting around 3:00 a.m. Eastern time and being mostly resolved by 6:30 a.m. Eastern time [1][2] - The outage highlighted the vulnerabilities in cloud infrastructure and the importance of redundancy in systems to maintain service reliability [3][4] AWS Outage Impact - The outage led to disruptions in core functions for many businesses, particularly for crypto trading platform Coinbase, which reported that customers were unable to use essential features like trading and transfers [1][2] - Despite the outage, Amazon's stock saw a slight recovery, increasing by about 1% after initially being down pre-market [2] Importance of Redundancy - Companies partnering with AWS, such as Octa, emphasize the necessity of building redundant systems to ensure operational continuity during outages [3][4] - The investment in redundancy is framed as a long-term necessity, outweighing the immediate costs associated with outages [5] Cybersecurity and Identity Management - Cybersecurity spending is at an all-time high, with the industry collectively investing $200 billion annually, yet breaches and ransomware attacks continue to rise [16] - The focus on identity security is deemed crucial for enhancing overall system security, especially as companies integrate AI agents into their operations [17][21] Government Technology Challenges - The ongoing government shutdown poses challenges for securing critical identity technologies, with a need for significant investment in technology upgrades [23] - The importance of identity management in government systems is highlighted as a foundational element for future technological advancements [23]
Is Gen Digital (GEN) One of the Best Dirt Cheap Stocks to Buy?
Yahoo Finance· 2025-10-21 03:08
Core Viewpoint - Gen Digital Inc. (NASDAQ:GEN) is identified as one of the "Dirt Cheap Stocks" to buy according to analysts, with a Hold rating and a price target of $31 set by Jefferies [1][2]. Group 1: Company Overview - Gen Digital Inc. operates globally, providing products and services in cybersecurity, online privacy, identity protection, and financial wellness [2]. - The company is expanding into financial wellness services through the acquisition of MoneyLion, which is expected to enhance its platform [2]. Group 2: Investment Perspective - Jefferies acknowledges short-term challenges associated with the MoneyLion acquisition but believes it will create long-term benefits through cross-selling and upselling opportunities [2]. - Despite the potential of Gen Digital as an investment, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [3].
CrowdStrike 2025 APJ eCrime Landscape Report: Chinese Underground Marketplaces Drive Billions in Illicit Transactions; AI-accelerated Ransomware Surges
Businesswire· 2025-10-21 00:00
Core Insights - The 2025 APJ eCrime Landscape Report by CrowdStrike highlights a robust Chinese-language underground ecosystem and the emergence of AI-enhanced ransomware operations [1] - Despite the Chinese government's efforts to impose internet restrictions and crack down on eCrime, anonymized marketplaces continue to play a crucial role in cybercrime activities across the Asia Pacific and Japan (APJ) [1] Group 1 - The report reveals that the underground ecosystem provides a secure environment for Chinese-speaking actors to engage in cybercrime [1]
WidePoint (NYSEAM:WYY) Conference Transcript
2025-10-20 20:32
Summary of WidePoint Corporation Conference Call (October 20, 2025) Company Overview - **Company Name**: WidePoint Corporation (NYSEAM: WYY) - **Founded**: 1997 - **Business Model**: Mobility as a Service (MaaS) with a focus on cybersecurity solutions delivered via a SaaS model - **Management**: Current management team in place since 2017, stabilizing the company for growth and profitability [5][6] Financial Performance - **Top Line Revenue**: Closed 2024 with $142 million, a 35% increase compared to 2023 [7][32] - **Market Capitalization**: Approximately $56 million [7] - **Recurring Revenue**: 95% recurring revenues with a contract backlog of $265 million [6] - **Cash Position**: $6.8 million in cash at the end of Q2 2025 [6][32] - **EBITDA**: Positive for 32 consecutive quarters; free cash flow positive for 7 consecutive quarters [7][32] - **Growth Strategy**: Focus on enhancing competitive advantage through investments in solution sets and pursuing higher-margin contracts [24][25] Market Opportunity - **Addressable Market Size**: Approximately $36 billion, including federal, state, and local governments, as well as large enterprises [6][8] - **Cybersecurity Demand**: Increased due to rising cybersecurity threats and the need for secure remote work solutions [8][9] Key Solutions and Differentiators - **Core Offerings**: - Identity Management - Managed Mobility - Data Analytics - IT as a Service [9][12] - **Unique Selling Proposition**: - Most secure multi-factor authentication solution, quantum computing resistant, and has never been hacked [10][11][17] - FedRAMP authorized, allowing the company to store, process, and transmit federal government data in the cloud [14][31] - **Device as a Service (DaaS)**: New business model offering bundled hardware, software, and services for predictable pricing [20] Contract Wins and Government Relationships - **Significant Contracts**: - $500 million DHS CWMS 2.0 contract with an additional $250 million ceiling increase [22][30] - Pursuing NASA SEWP contracts and recompeting for CWMS 3.0 with a ceiling of $3 billion [23][31] - **Long-term Relationships**: Established presence with the Department of Homeland Security, having worked on contracts for approximately 20 years [22][30] Competitive Landscape - **FedRAMP Authorization**: A significant differentiator that few competitors possess, providing a competitive edge in securing government contracts [14][31] - **Market Position**: Positioned as a vendor of choice for mobility and cybersecurity solutions due to certifications and accreditations [26][27] Future Outlook - **Growth Projections**: Continued focus on organic and inorganic growth strategies, with expectations for improved profitability in 2025 and beyond [34] - **Financial Targets**: Aiming for 50% gross margins by 2026, excluding carrier services revenue [39][40] Additional Insights - **Customer Base**: Includes large, stable enterprises requiring extensive mobile workforces [29] - **Cost Savings**: Demonstrated ability to save clients 15-40% on telecom costs, enhancing value proposition [30] This summary encapsulates the key points discussed during the WidePoint Corporation conference call, highlighting the company's financial performance, market opportunities, unique solutions, significant contracts, competitive advantages, and future growth strategies.
Cycurion, Inc. Announces Nasdaq Delisting Determination Letter
Globenewswire· 2025-10-20 20:30
MCLEAN, Va., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading cybersecurity solutions provider, announced today that it received a Delisting Determination Letter from the staff of Nasdaq Listing Qualifications (the “Staff”) on October 14, 2025, providing that the Staff has determined to commence proceedings to delist the common stock, par value $0.0001 per share, of the Company (ticker symbol: CYCU), from the Nasdaq Global Market (the “Nasdaq”). As pre ...
Levi & Korsinsky Notifies Fortinet, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – FTNT
Globenewswire· 2025-10-20 20:24
Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was [2]. - It is alleged that the refresh cycle consisted of old products that represented only a "small percentage" of Fortinet's overall business [2]. - The complaint also states that Fortinet misrepresented the number of FortiGate firewalls available for upgrade and that the refresh momentum was overstated, with only half of the refresh completed by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].