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Arctic Wolf CEO on consolidation in cybersecurity sector
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArctic Wolf CEO on consolidation in cybersecurity sectorNick Schneider, Arctic Wolf CEO, joins 'Closing Bell: Overtime' to discuss Google in advanced talks to acquire cyber startup Wiz, possible IPO, and more.
Persons: Nick Schneider Organizations: Arctic, Google
The ransom countdown timer for Fulton County disappeared from a hacking group's website. The hacking group, LockBit 3.0, had a timer set for 8:49 a.m. It posted a new countdown timer for the Fulton County documents initially set for March 2. Before the raid, the group said, they had been in negotiations over a ransom for the Fulton County documents. AdvertisementThe timer for Fulton County had previously disappeared from LockBit 3.0's site ahead of the February 20 raid.
Persons: Trump, , Donald Trump's, Georgia —, LockBit, Biden, Fani, It's, Brian Krebs, Dan Schiappa, Schiappa, George Chidi Organizations: Fulton, Service, FBI, Justice, Trump, Republican, Department of Justice, Fulton County, Atlanta Journal, Business Locations: Georgia, Fulton County, Mexico, Fulton, Atlanta
LockBit works with affiliates to hack companies and government agenciesLockBit 3.0's targets go far beyond just the Fulton County government. As of Wednesday, it had ongoing ransom demands for 11 different companies on its website in addition to the one for Fulton County. AdvertisementA Fulton County court administration spokesperson declined to comment. AdvertisementAt a press conference on February 20, Fulton County Commission Chair Robb Pitts said no ransom was paid. AdvertisementThe renewed ransom threat comes as Willis's investigation is beleaguered by a series of heated hearings playing out in a Fulton County courtroom.
Persons: , Donald Trump —, Donald Trump's, Christopher Krebs, Dan Schiappa, LockBitSupp —, Biden, Donald Trump, Trump, Joe Raedle, Oz, Krebs, Alashe, LockBit, Fulton, Fani Willis, It's, George Chidi, Pool, Schiappa, Robb Pitts, Pitts, Willis Organizations: Service, Fulton, Business, FBI, United, Crime Agency, US Department of Justice, government's, Trump, Justice Department, Boeing, Commercial Bank of China, U.S, Trump Force, Atlanta Hartsfield, Jackson International Airport, Biden, Trump —, Trump . Fulton, Arctic Wolf, Atlanta Journal Locations: Georgia, Fulton, Mexico, Fulton County, Atlanta , Georgia, Russian, Trump . Fulton County, Atlanta, Krebs
Private credit players like HPS Investment Partners and Blue Owl Capital (OWL.N) have a workaround, but it could prompt a painful hangover. Cashed-up private credit funds offered sums previously unseen outside of traditional bank financing on riskier deals. Private credit assets swelled 460% to over $1.4 trillion between 2010 and the end of 2022, Preqin says. Reuters GraphicsThe attraction of “mezz” and similar exotic lending isn’t just that it helps private credit source new deals. In 2021, that dynamic meant private loans briefly became cheaper than liquid, tradable loans – flying in the face of financial orthodoxy.
Persons: , Zendesk, Preqin, LSEG, HPS, Goldman, Blackstone, Angelo Gordon, dealmaking, George Hay, Oliver Taslic Organizations: Reuters, HPS Investment Partners, Owl, Blackstone, Apollo, Treasury, Private, Management, Partners, Reuters Graphics Reuters, Sabre, Companies, Wolf, ADC Therapeutics, Equity, Thomson Locations: EBITDA
Stefani Reynolds | Afp | Getty ImagesThe U.S. has accused discount shopping site Temu of possible data risks after its Chinese sister app was pulled from Google's app store over "malware" — but analysts say they're not that worried. Google called it an "identified malicious app" and urged users to uninstall the Pinduoduo app, but the Chinese online retailer denied those claims. Kevin Reed chief information security officer, Acronis"There should be no need for biometric data to be stored on an e-commerce website or app. Data risksIn a report on Chinese "fast fashion" platforms published in April, the U.S.-China Economic and Security Review Commission accused Temu and Shein of posing possible data risks. Shein and Temu "primarily rely on U.S. consumers downloading and using Chinese apps to curate and deliver products," said the report.
Cybersecurity CEOs on increased risk following SVB collapse
  + stars: | 2023-03-10 | 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 EmailCybersecurity CEOs on increased risk following SVB collapseCohesity CEO Sanjay Poonen and Arctic Wolf CEO Nick Schneider on the security risk the closing of Silicon Valley Bank poses to companies.
They were cloned from highly productive cows from the Holstein Friesian breed, which originated in the Netherlands. The chosen animals are capable of producing 18 tons of milk per year, or 100 tons of milk in their lifetimes. The scientists made 120 cloned embryos from the ear cells of the highly productive cows and placed them in surrogate cows, according to the Technology Daily. Jin Yaping, the project’s lead scientist, called the birth of the “super cows” a “breakthrough” that allows China to preserve the very best cows “in an economically feasible way,” the state-run newspaper Global Times reported. But some highly productive cows are not identified until the end of their lives, making it difficult to breed them, Jin said.
In total, IPO deal proceeds plummeted 94% in 2022 — from $155.8 billion to $8.6 billion — according to Ernst & Young's IPO report published in mid-December. As of the report's publication date, the fourth quarter was on pace to be the weakest of the year. The collapse of the IPO market has caused the pipeline of anticipated public listings to swell. MKM's Rohit Kulkarni is among the few optimists who think the IPO market could rebound later this year, spurred in part by the volume of private companies waiting in the wings to go public when capital becomes more accessible. According to Carta, 22% of companies, both private and public, reduced their valuations in Q3, nearly tripling year-over-year.
Arctic Wolf: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Rather than a single cybersecurity tool, its managed security approach builds a centralized operations platform internally for an organization's overall monitoring of threats. It has gained thousands of clients including banks, hospitals and municipal governments seeking to limit cyber risks. Partnering with U.S. tech titans has also contributed to its expansion, as its platform integrates with several third-party security tools. Last year, Arctic Wolf named Amazon Web Services as its primary cloud provider to power its security operations platform. The company also joined the Microsoft Intelligent Security Association, a coalition of partners with a shared mission to provide better security.
"After two years of painstaking efforts, the arctic wolf was cloned successfully. The Arctic wolf, also known as the white wolf or polar wolf, is a subspecies of grey wolf native to the High Arctic tundra, in Canada's northern Arctic Archipelago. Sinogene launched its Arctic wolf cloning project in 2020, in collaboration with the polar theme park Harbin Polarland, it said in a statement posted on the Twitter-like platform Weibo. The company said in its Weibo post that a second cloned arctic wolf is expected to be born soon. The cloned Maya is now living with her beagle surrogate mother, and will later be housed in Harbin Polarland, open to the public.
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