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☆ Final Trades: Amazon, Palo Alto Networks, Cisco Systems & more
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Amazon, Palo Alto Networks, Cisco Systems & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Organizations: Palo Alto Networks, Cisco Systems

☆ Jim Cramer sees this household consumer company as a bright spot in a tough sector
▼ + stars: | 2023-10-12 | by ( Jeff Marks | ) www.cnbc.com time to read: 1 min

Jim Cramer sees this household consumer company as a bright spot in a tough sectorMega cap tech stocks have been holding up well in Thursday's sea of red. Elsewhere, our cyber security stock, Palo Alto Networks made a fresh all-time high. And sneaker retailer, Foot Locker edged higher even though its price was lower.

Persons: Jim Cramer Organizations: Palo Alto Networks

☆ How our stocks have performed since the bear market bottom a year ago — and the lesson learned
▼ + stars: | 2023-10-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The S & P 500 closed at its bear market low a year ago Thursday — ending Oct. 12, 2022, at its lowest close since November 2020 . In hindsight, that dramatic turnaround was the start of a rally that saw the S & P 500 climb 22% from the close on Oct. 12, 2022, through Wednesday. Palo Alto Networks, meanwhile, has successfully pivoted to profitability, joining the S & P 500 as a result, and repeatedly demonstrated the quality of its cybersecurity platform. Indeed, an exchange-traded fund that gives each S & P 500 constituent the same influence — the Invesco S & P 500 Equal Weight ETF — has advanced only 11.2% since Oct. 12, 2022. Viewed through the top-heavy rally lens, though, it's not a surprise to see a number of Club stocks underperforming the S & P 500.

Persons: Jim Cramer, Jim, they're, That's, ChatGPT, Eli Lilly's, that's, There's, we've, it's, didn't, Estee Lauder, Jim Cramer's, Michael Nagle Organizations: Nvidia, Meta, Broadcom, Oracle, Microsoft, Facebook, Palo Alto Networks, Coterra Energy, Costco, Procter, Gamble, GE Healthcare, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Mounjaro

NEW YORK (AP) — Sam Bankman-Fried ’s former top executive blamed the FTX founder on Wednesday of corrupting her values so she could lie and steal and create false balance sheets, things she told jurors at his New York City trial that she never imagined doing before joining his cryptocurrency empire. “I think it made me more willing to do things like lie and steal over time,” she said. She said she once created seven different balance sheets after Bankman-Fried directed her to find ways to conceal things that might look bad to Alameda's lenders. “I didn’t really want to be dishonest, but I also didn’t want them to know the truth,” Ellison said. ___For more AP coverage of Sam Bankman-Fried and FTX: https://apnews.com/hub/sam-bankman-fried

Persons: Sam Bankman, Caroline Ellison, Fried, Danielle Sassoon, Ellison, “, ”, ” Ellison, couldn't, FTX, Palo, Judge Lewis A, Kaplan, ___ Organizations: New, New York City, Bankman, Alameda Research, U.S, Alameda, “ Locations: New York, Manhattan, FTX, Alameda, United States, Bahamas, Palo Alto , California

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

☆ HP forecasts 2024 profit in line with estimates, boosts annual dividend
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A screen displays the logo for HP Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 10 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Shares of Palo Alto, California-based HP were up more than 2% in trading after the bell. The board has approved an increase to the planned dividend amount to $1.10 per share, reflecting a 5% increase from the prior dividend, the company said. The company expects its 2024 adjusted earnings in the range of $3.25 to $3.65 per share, largely in line with analyst estimates of $3.47, according to LSEG data.

Persons: Brendan McDermid, Enrique Lores, Samrhitha, Maju Samuel, Shinjini Organizations: HP Inc, New York Stock Exchange, REUTERS, Companies, HP, Lenovo, HK, Dell Technologies, Palo, Thomson Locations: New York, U.S, Palo Alto , California, Bengaluru

☆ Gutsy, a cybersecurity startup from the founders of Twistlock, just raised a $51 million seed round using this 27-slide pitch deck
▼ + stars: | 2023-10-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Gutsy, a cybersecurity startup, has raised $51 million in seed funding, the company said Tuesday. Founded in 2022 and now emerging from stealth, Gutsy wants to help companies solve their issues in the increasingly complicated and overwhelming world of cybersecurity. Based in Baton Rouge, Louisiana, Gutsy's cofounders previously built container security startup Twistlock, which was acquired for $410 million by Palo Alto Networks in 2019. The company provides cloud security tools for businesses to manage their data across auditing, governance, and migration, connected via an API. The company's massive $51 million seed funding round came from YL Ventures, a backer of Twistlock, and venture firm Mayfield, alongside a number of cybersecurity angel investors. "

Persons: John Morello, Gutsy, Gutsy's, Morello, Mayfield Organizations: Palo Alto Networks, YL Ventures Locations: cybersecurity, Baton Rouge , Louisiana

Political Cartoons View All 1206 ImagesHe even thought there was a 5% chance he'd become president someday, Ellison said. Assistant U.S. Attorney Danielle Sassoon asked her what he thought he'd be president of. Shortly after Ellison’s highly anticipated turn on the witness stand began, she was asked to identify Bankman-Fried in the courtroom. Ellison testified under a cooperation deal that could win her leniency when she is sentenced. As Ellison testified, several of her friends or online fans were in attendance at the courthouse.

Persons: Sam Bankman, Fried, Caroline Ellison, Ellison, ”, he'd, Danielle Sassoon, ” Ellison, Ellison’s, FTX, Judge Lewis A, Kaplan, Palo, Sassoon, Jane, Bankman, “, Joe Biden, Gary Wang Organizations: Stanford, U.S, Alameda Research, Alameda, Republican Locations: Manhattan, Bankman, United States, Bahamas, Washington, Palo Alto , California, Alameda

☆ Jim Cramer sees a bull market in cybersecurity
▼ + stars: | 2023-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Despite recent market weakness in several sectors, CNBC's Jim Cramer said he sees a bull market in cybersecurity. "You always want to buy the stocks of companies in industries where demand is most rabid," Cramer said. MGM , Caesars , Johnson Controls and Clorox have faced recent hacks. Clorox took a huge earnings hit due to processing delays and product outages, Cramer noted. To Cramer, cybersecurity companies such as Palo Alto Networks , CrowdStrike , Okta and Zscaler may be very valuable with businesses willing to pay high prices to protect against hackers.

Persons: Jim Cramer, Cramer, Clorox Organizations: U.S . Securities, Exchange Commission, MGM, Caesars, Johnson, Palo Alto Networks Locations: cybersecurity

☆ Looking for a bull market? Jim Cramer says Palo Alto Networks is 'kind of unstoppable'
▼ + stars: | 2023-10-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: 1 min

Shares of Palo Alto Networks (PANW) have lately been "just kind of unstoppable," CNBC's Jim Cramer said Monday. You have Palo Alto, which, I think, is the king of it," Cramer said on "Squawk on the Street." Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns Palo Alto shares. In the month of October alone, Palo Alto Networks' stock has climbed nearly 9%, including Monday's roughly 2.5% advance, to around $252 per share. Year to date, shares of Palo Alto have soared more than 80%.

Persons: Jim Cramer, Cramer, Jim Cramer's Organizations: Palo Alto Networks, Trust, CNBC, Club, Palo Alto, Palo Locations: Palo Alto

☆ School spirit days are great for students — even if they stress parents out
▼ + stars: | 2023-10-09 | by ( Ana Homayoun | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementMany of us remember the school spirit days of simpler times: Pajama Day, Wacky Wednesday, Superhero Day, or Ugly Sweater Day. I see the benefits in kidsWhen I was in high school, I avoided anything but the most basic attempts at school spirit. AdvertisementAdvertisementAfter attending a university with unabashed school spirit and spending over two decades as an academic advisor to middle school, high school, and college students, I've seen the many ways school spirit days can have a positive impact on connection, collaboration, and creativity. At a time when so many students feel isolated among peers, school spirit days can facilitate community bonding by increasing interaction and engagement. For elementary school students, focusing on a few school spirit days with a simple theme that do not require last-minute costume shopping reduces adult overwhelm.

Persons: I, —, I've, Catherine Bagwell, Henry, togetherness Organizations: Service, Palo Alto High, Paly

☆ Cramer’s Stop Trading: Palo Alto Networks
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: Palo Alto NetworksCNBC’s Jim Cramer explains why he is keeping an eye on shares of Palo Alto Networks.

Persons: Jim Cramer Organizations: Palo Alto Networks

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California

Despite considerable progress, she said, "inflation continues to be too high, and I expect it will likely be appropriate for the (Fed) to raise rates further and hold them at a restrictive level for some time." The Fed targets 2% inflation. Given that progress, U.S. central bankers last month opted to keep the policy rate in its current 5.25%-5.50% range even as most signaled another rate hike would likely be needed before year's end. Speaking at a separate event in New York on Monday, Fed Vice Chair for Supervision Michael Barr said he believes rates are now "at or very near" a sufficiently restrictive level. The same Fed forecasts also show policymakers as a group expect stronger economic growth and a stronger job market than they had expected just three months earlier.

Persons: Michelle Bowman, Ann Saphir, Michael Barr, Barr, Jerome Powell, John Williams, Bowman, Thomas Barkin, we've, Dan Burns, Pete Schroeder, Anna Driver, Andrea Ricci Organizations: U.S . Federal, Hoover Institution, REUTES, . Federal Reserve, Fed, New, New York Fed, Richmond Fed, Thomson Locations: Palo Alto , California, U.S, New York, York , Pennsylvania

NEW YORK (AP) — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. The trial of Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, will begin Tuesday with jury selection. Political Cartoons View All 1190 ImagesThe 31-year-old Bankman-Fried founded FTX in 2019, and it grew rapidly. Bankman-Fried is expected come face-to-face with his former lieutenants at FTX for the first time since its collapse. She has previously said in a statement through her lawyers that she knew funneling FTX customers' money into Alameda was wrong.

Persons: Sam Bankman, Fried, Bernie Madoff, ”, Michael Zweiback, Zweiback, Zalduendo, FTX, SBF ”, J.P, Morgan, Tiger Woods, Justin Timberlake, Bankman, John Ray III, Caroline Ellison, Gary Wang, Ryan Salame, Salame, Ellison, funneling, Christine Adams, Adams, Andrew Ross Sorkin, Judge Lewis A, Kaplan, Changpeng Zhao, Larry Neumeister Organizations: Southern, of, Republicans, “ Prosecutors, Zalduendo LLP, Stanford University, Alameda Research, Alameda, Enron, FTX, Bankman, Prosecutors, The New York Times, NFTs, Securities and Exchange Commission, Binance, SEC Locations: Morgan, of New York, Washington, cryptocurrencies, Silicon Valley, FTX, The Bahamas, Albany, Alameda, Bahamas, New York, Palo Alto , California

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

☆ Tech workers are paying up to $700 a month for tiny bed 'pods' in San Francisco
▼ + stars: | 2023-10-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Startup founders are paying up to $900 a month to stay in tiny four-feet tall bed "pods." The tiny spaces only fit one twin bed, run on monthly contracts, and don't need a deposit. AdvertisementAdvertisementTech workers are paying up to $900 a month to stay in tiny bed "pods," small boxes made of wood and steel just four feet high. The bed pods are arranged in are stacked two-high in dorms, and they run on monthly contracts and don't require a security deposit. San Francisco skyline.

Persons: —, Christian Lewis, Spellcraft, James Stallworth, SFGATE, Stallworth, Alexander Spatari, Lewis, i'm Organizations: Service, ABC Locations: San Francisco, Bakersfield, Palo Alto

☆ In Tesla trial over Autopilot fatality, lawyer cites 'experimental vehicles'
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: +3 min

An attorney for Tesla , in the first U.S. trial over allegations that its Autopilot feature led to a death, however, said the crash was the result of "a classic human error." The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Tesla said its Autopilot driver assistant system is not designed to make a sharp turn on a highway, as it defended the system's safety. "The case is not about Autopilot," Michael Carey, an attorney for Tesla, said. The electric-vehicle maker also claims it was not clear whether Autopilot was engaged at the time of the crash.

Persons: California Beck, Tesla, Micah Lee's, Lee, Jonathan Michaels, Michaels, Michael Carey, Elon Musk Organizations: Tesla Locations: Palo Alto, California, Los Angeles, Riverside , California

☆ Don't fear the Fed: A top-ranked fund manager shares her strategy for profiting from companies set to still deliver stronger-than-expected earnings — including 7 stocks she's bullish on
▼ + stars: | 2023-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Rising interest rates were fending investors off technology stocks and into value. Instead, she's about identifying companies across various sectors that are embracing digitization to improve productivity in a tight labor market, where job openings outnumber available workers. "In a tight labor market historically, technology spending goes up and technology stocks outperformed," Tengler said. When Tengler bets on pure technology stocks, they must also have strong balance sheets. She's confident that these companies will be able to deliver strong earnings growth in a slowing economic environment.

Persons: Nancy Tengler, Jerome Powell, Tengler, Tengler wasn't, There's Organizations: Nasdaq, Federal Reserve, Laffer, Investments, Meta, Nvidia, Storage, Chipotle, Honeywell, Bureau of Labor Statistics, Broadcom, Palo Alto Networks, Microsoft Locations: Palo

☆ Bankman-Fried may face 'very long sentence' if convicted, judge says
▼ + stars: | 2023-09-28 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNEW YORK, Sept 28 (Reuters) - Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, may face a "very long sentence" if convicted at his fraud trial starting next week, the judge overseeing the case said on Thursday. Kaplan said Bankman-Fried was a flight risk. "Your client in the event of conviction could be looking at a very long sentence," Kaplan said in a hearing in Manhattan federal court. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy stemming from FTX's collapse in November 2022. Prosecutors say Bankman-Fried stole billions of dollars in FTX customer deposits to plug losses at Alameda Research, a crypto-focused hedge fund he controlled.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan's, Kaplan, Bankman, Fried, Mark Cohen, FTX, Danielle Kudla, Palo, Caroline Ellison's, Ellison, Gary Wang, Nishad Singh, Luc Cohen, Nick Zieminski Organizations: REUTERS, U.S, District, Metropolitan Detention, Prosecutors, Alameda Research, Alameda, New York Times, Thomson Locations: New York, U.S, Manhattan, Bahamas, United States, Brooklyn, Palo Alto , California

☆ PsiQuantum targets first commercial quantum computer in under six years
▼ + stars: | 2023-09-28 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

Sept 28 (Reuters) - PsiQuantum is aiming to deliver its first commercial quantum computing system in under six years, its CEO said as the startup announced a partnership with the U.S. Department of Energy to develop advanced fridges for its machines. "The first system that's actually capable of solving important problems that people want to know the answer to - that's just a handful of years away," he said in an interview. Estimates for the development of practical quantum computing by other experts in the field typically put it at a decade or even 20 or more years away. The company needs to reach roughly 1 million quantum bits, or qubits, to be of practical use, O'Brien said. Because of the immense computational power in quantum computing, there is a gamut of potential applications from materials science to national security to finance.

Persons: Jeremy O'Brien, GlobalFoundries, O'Brien, Max A, Edwina Gibbs Organizations: U.S . Department of Energy, Accelerator Laboratory, Palo, IBM, Google, Microsoft, Thomson Locations: Palo Alto , California, Silicon, San Francisco

☆ Sam Bankman-Fried spent house arrest at a desk cluttered with items including cinnamon gum, a mini fan, and a bottle of Adderall
▼ + stars: | 2023-09-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was under house arrest until he was remanded to jail in August. At home, his desk was cluttered with items like a pack of gum, a mini fan, and Adderall. Now, at the Metropolitan Detention Center in Brooklyn, he doesn't have access Adderall. AdvertisementAdvertisementSam Bankman-Fried's parents, Barbara Fried and Joseph Bankman. Now, Bankman-Fried's living conditions have drastically changed in recent months.

Persons: Sam Bankman, Fried, —, Sheelah Kolhatkar, Barbara Fried, Joseph Bankman, Michael M, Sandor, Lewis Kaplan, He's, Mark Cohen, Judge Kaplan Organizations: Metropolitan Detention, Service, Yorker, New Yorker, CNBC Locations: Brooklyn, Palo Alto , California, New, California, German, Brooklyn —

But the amount of cybersecurity expertise on boards remains relatively low, at a time when boards are under increased scrutiny for security failings. In responses to that survey from 472 corporate board directors, 76% said their board had at least one cybersecurity expert, including 19% who said their board had at least three directors with cybersecurity expertise. The other 25 directors’ experience comes from either having held a senior government role in cybersecurity or from having led and/or founded a cybersecurity company. Whatever a board’s composition, most directors aren’t very confident in their board’s ability to handle a cybersecurity incident. Cybersecurity company leader: Nineteen directors have founded and / or led cybersecurity or data security companies.

Persons: Jamil Farshchi, don’t, ”, ’, Shamla Naidoo, Netskope, Naidoo, ” Naidoo, aren’t, Shankar Arumugavelu, Nir Zuk, Zuk Organizations: WSJ Pro Research, Securities and Exchange, Pro Research, National Association of Corporate, Business Machines, WSJ, Seagate Technology Holdings, Verizon, Palo Alto Networks, Juniper Networks Locations: cybersecurity, FactSet

The FBI is investigating the MGM and Caesars breaches, and the companies did not comment on who may be behind them. In some cases - Mandia did not say which ones - hackers tied to Scattered Spider placed bogus emergency calls to summon heavily armed police units to the homes of executives of targeted companies. ALPHV, which according to Mandiant is a "ransomware-as-a-service", would provide services such as a helpdesk, webpage and branding, and in turn get a cut of whatever Scattered Spider would make from the hack. While many ransomware attacks go unpublicised, the MGM hack was a vivid example of the real-world impact of such incidents. Ransomware gangs often function like large organizations, and continue to evolve their methods to adapt to the latest security measures organizations use.

Persons: Bridget Bennett, helpdesk, they’d, Wendi Whitmore, Adam Meyers, it's, Kevin Mandia, Mandiant, Reuters couldn't, CrowdStrike's Meyers, helpdesks, David Bradbury, they've, Bradbury, ALPHV, Okta's Bradbury, Whitmore, Zeba Siddiqui, Raphael Satter, Chris Sanders, Claudia Parsons Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, Alto Networks, Caesars Entertainment, FBI, Caesars, Google, Reuters, Microsoft, British, Thomson Locations: Las Vegas , Nevada, U.S, WASHINGTON, Canada, Japan, United States, reassign, Las Vegas, San Francisco, New York

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