News Headlines

Cybersecurity Consolidation and the Equifax Settlement

The upcoming year is likely to see a wave of cybersecurity consolidation, according to Jay Chaudhry, the CEO of Zscaler. This could be a major boon for stocks with high profit margins, which may rally by more than 50%. Consumers may also benefit from the Equifax settlement, receiving payments to help protect their online identities.

However, it is important to understand the risks associated with using password managers to protect your online identity. Password managers can be a useful tool, but they can also create a single point of failure, meaning if someone were to gain access to your password manager, they would have access to all of your passwords. Therefore, it is important to do your research before deciding to use one.

Other headlines

• Rch downgraded Palantir, suggesting that its stock could drop below $5. This news followed the arrest of two New York men for conspiring to hack the JFK taxi dispatch system.
• Tech executives are prioritizing cloud computing and security, with CAPTCHA being used by Google and e-commerce businesses to battle bots.
• The FBI is concerned about a crime wave against small businesses, and has released information about how much money is being lost as a result.
• Quiet hiring is on the rise in the tech industry, as tech companies are looking to stealthily acquire top talent.
• China is a major risk for companies operating in the US, as the US-China trade war is showing no signs of abating.
• Tech execs are spending more, with the latest survey showing that spending on tech is increasing year-over-year.
• FuboTV suffered a major cyberattack, with hackers gaining access to user data and bank accounts.
• Cloudflare has recently reported strong cash flow, indicating that the cloud security firm is in a good position.
• The White House is focusing on cybersecurity, with the President signing an executive order that outlines the government's commitment to cybersecurity.
• LinkedIn is taking steps to combat fake accounts, with the social media giant introducing new measures to detect and remove fraudulent accounts.
• Huawei is facing more licensing issues, with the US government continuing to pressure the Chinese tech giant.
• TikTok is facing scrutiny over its data privacy practices, with the US government expressing serious concerns.
• SentinelOne is reporting strong profitability, with the cybersecurity firm posting impressive results in the third quarter.
• A new chip firm based in the US and the Netherlands has been announced, indicating that chipmakers are looking to diversify their operations.
• CrowdStrike's stock is soaring, with the cyber security firm's stock price rising over 30% in the past month.

Technology Executives Council's Opening Keynote on Dec 12, 2022

The Technology Executive Council's opening keynote on Monday, December 12th 2022, will discuss the intersection of finance, technology and national security. A few days prior, on Saturday, December 10th 2022, a Cyber Report was released noting that LinkedIn has a problem with fake accounts and is actively trying to fix it. On Sunday, December 11th 2022, Huawei announced that it had licensed 5G patents to a rival as U.S. sanctions have forced the Chinese giant to seek out new revenue.

Other News

• On Thursday, December 8th 2022, a number of states took action against TikTok over data privacy concerns.
• The following Wednesday, December 7th 2022, SentinelOne's CEO announced that the company was aiming to be profitable by FY25.
• Tuesday, December 6th 2022, saw a globally critical chip firm creating a wedge between the United States and the Netherlands.
• In the U.S., a look at what it takes to be considered middle class in 20 major cities.
• Russia has blamed cellphones for a deadly attack in Makiivka, and President Putin has sent hypersonic cruise missiles to the Atlantic.
• The U.S. could see a shift to "quiet hiring" in 2023, while the Mega Millions jackpot is now at $785 million.
• China is posing a risk to American tech giants Tesla and Apple, and small business owners should take steps to protect themselves from hackers.
• Tech executives are signaling that spending will increase in 2023, despite massive layoffs in the sector.
• This was followed by a cyberattack on FuboTV during a World Cup semifinal match.
• Cloudflare CEO Matthew Prince has stated that annual plans allow the company to have more free cash flow up-front.
• The closing keynote addressed the White House's seriousness about cybersecurity, while the increase in Gmail spam regarding Yeti coolers was explained.