Cybersecurity

Several weeks before it got hit by a ransomware attack, Forward Air (NASDAQ: FWRD) did a "comprehensive roleplay" to prepare for a company disaster. The event they were preparing for? A ransomware attack. "Just six to eight weeks ago, we did a comprehensive roleplay that was customer facing on...

Last week, Russian hackers gained access to the U.S. Treasury and other government agencies and major U.S. enterprises via a breach of SolarWinds Corp (NYSE: SWI)’s Orion network monitoring product. Some experts have called the attack one of the worst in U.S. history, but Bank of America...

Bloomberg reported this afternoon that some 200 organizations have been identified as victims in the huge suspected Russian cyberattack that came to light on Monday. What Happened: The hack took advantage of a backdoor in network software made by SolarWinds Corp (NYSE: SWI). to hit government...

California-headquartered cybersecurity company FireEye Inc (NASDAQ: FEYE) revealed in a filing with the U.S. Securities and Exchange Commission on Tuesday that it was a victim of a cyberattack. The attack targeted the company’s “Red Team" assessment tools, used for...

Cloud security vendors have been one of the beneficiaries of the COVID-19 pandemic amid an increasing need to secure applications and data. Zscaler Inc (NASDAQ: ZS) and Crowdstrike Holdings Inc (NASDAQ: CRWD) are among the cybersecurity names due to release earnings reports this week. ...

A Belgian security researcher has discovered a flaw to overwrite and hijack the firmware of the key fobs in Tesla Inc (NASDAQ: TSLA) Model X, effectively allowing the hacker to steal and take control of the car that's not on the latest software update, Electrek reports. What...

The IPO market heats up this week with six companies expected to go public. This includes two health care-related companies, a new kind of REIT, a cybersecurity company, Chinese beauty e-commerce company Yatsen and iLottery company NeoGames. Aspire Real Estate Investors: A new REIT will hit the...

The 2020 presidential election has caused several sectors to go up and down as Americans wait to find out who the next president of the United States will be.  Politico reports that Democrat Joe Biden would put more of an emphasis on cybersecurity and related fields for the defense sector...

Malicious actors have attempted to undermine U.S. democracy in the past, and as the final votes are cast in the presidential election Tuesday, cyber threats in the form of disruption and misinformation will remain strong. The COVID-19 pandemic has also triggered an increase in cyber threats and...

Singapore-based Lazada Group, an e-commerce company owned by Chinese tech giant Alibaba Group Holdings Ltd (NYSE: BABA), disclosed that 1.1 million users were affected in a data breach. According to CNBC, all affected users were part of the RedMart database — the company's...

Defense stocks were among the sectors that were seen as getting a big boost when Donald Trump was elected president. With the 2020 presidential election underway, investors are trying to decide how defense stocks will fare under a Trump re-election or a Joe Biden presidency. Defense Stocks Under...

Cybersecurity company McAfee is set to return to the public markets with this week’s IPO. The Offering: McAfee Corp (NASDAQ: MCFE) raised $740 by selling 37 million shares at $20 each. This came in towards to the low end of the company’s pricing range of $19 to $22. On Wednesday evening...

Cybersecurity company McAfee Corp, on Wednesday, announced it is pricing 37 million class A common stock shares in its initial public offering at $20 per share. What Happened: McAfee’s stock will begin its trading debut on the Nasdaq Stock Market under the symbol "MCFE...

The bull case for Fortinet Inc (NASDAQ: FTNT) is based on firsthand checks and conversations that point to a faster-than-expected recovery, according to Goldman Sachs. The Fortinet Analyst: Brian Essex upgraded Fortinet from Neutral to Buy with a price target lifted from $143 to $150. The...

Security software company McAfee LLC on Tuesday said it planned to sell 37 million shares in its initial public offering. McAfee estimates to price its IPO between $19 and $22, meaning it could raise up to $814 million in the offering. What Happened: The company will offer...