Cybersecurity | FinTelegram News

Category: Cybersecurity

February 23, 2024

Cybersecurity Titan Palo Alto Networks’ Market Cap Plunge Triggers Industry-Wide Concerns

Palo Alto Networks, a titan in the global cybersecurity industry, experienced a staggering loss of over $30 billion in market capitalization, sending shockwaves across the cyber market. This dramatic drop, marking the company's worst trading session since its IPO in 2012, came on the heels of a revised full-year revenue guidance and reports of weakness in its U.S. government client base.

November 24, 2023

Israeli Cybersecurity Firm Dream Security With Former Austrian Chancellor Secures $33.6 Million!

Dream Security, an Israeli firm specializing in AI-based cybersecurity protection for government agencies, large corporations, and critical infrastructures, has successfully completed a $35 million financing round, bringing its valuation to $200 million, the Wall Street Journal reports. This round of investment, despite diluting the shares of key stakeholders, still leaves former Austrian Chancellor Sebastian Kurz with a significant 20% stake in the company.

October 18, 2023

Former Austrian Chancellor Sebastian Kurz Ventures Into Cybersecurity Amid Perjury Trial and Corruption Allegations!

Recent updates from Vienna shed light on the ongoing trial against former Austrian Chancellor Sebastian Kurz over allegations of perjury. Moreover, the Austrian prosecutors continue to investigate Kurz over allegations of corruption. However, beyond the courtroom, Kurz's business activities are garnering significant attention. In the latest developments, Kurz, who vehemently denies lying at the political inquiry, faces ongoing investigations by Austrian prosecutors probing potential corruption.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.

Crypto Exchange Crypto.com Sues US SEC Over Regulatory Overreach!

Crypto.com, the Singapore-based crypto exchange with more than 100 million users, has filed a lawsuit against the SEC, challenging the regulator’s authority over crypto assets and accusing it of overstepping its jurisdiction. The lawsuit comes after a Wells notice was issued to the platform, signaling the SEC’s intent to take enforcement action.

The End of The Google Era: US Government Threatens Google with Break-Up Over Search Monopoly!

In August 2024, Judge Amit Mehta ruled that Google had illegally maintained a monopoly in the online search market. Following this landmark decision, the U.S. Department of Justice (DOJ) is considering asking the court to force Google to sell off parts of its business. This could potentially lead to the first major corporate breakup in four decades. Google, however, warns of significant consequences for businesses and consumers.