Fun

News Feed - 2023-08-22 03:08:58

Martin Young2 hours agoFirms have mere hours to deflect cyber attacks, warns cybersecurity CEOPalo Alto Networks CEO Nikesh Arora has warned that “bad actors are getting faster” and stressed that companies need to beef up cybersecurity defenses.629 Total views9 Total sharesListen to article 0:00NewsJoin us on social networksPalo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before. 


Speaking to Jim Cramer on CNBC’s “Mad Money” on Aug. 21, the cybersecurity firm CEO said that companies with outdated security systems need to take particular heed, as cybercriminals are only getting faster.


“It’s important for us to make sure we’re ready to deflect the stuff in hours, not in days,” Arora explained.


He stressed that outdated cybersecurity solutions need modernizing, and even suggested that artificial intelligence could be put to the task.“Put that in some sort of an AI stack, so you can actually do this in more real time. Because the bad actors are moving faster.”


In June, ChatGPT creator OpenAI announced a $1 million cybersecurity grant program to enhance and measure the impact of AI-driven cybersecurity technologies.Palo Alto Networks CEO Nikesh Arora told @jimcramer that companies need updated cybersecurity systems to protect against hackers who are getting faster and more skilled.https://t.co/Vajy9LnJiP— Mad Money On CNBC (@MadMoneyOnCNBC) August 22, 2023


This year has been a bumper one for crypto hackers, particularly when it comes to decentralized finance protocols.


More than $300 million in crypto was lost to hacks and exploits in the second quarter of 2023, as reported by Cointelegraph.


Meanwhile, August has already seen its fair share of crypto exploited with seven-figure losses for Exactly Protocol, Zunami Protocol, Steadefi Protocol, and Cypher Protocol, according to the De.Fi Rekt database. However, not all of them were traditional cybersecurity breaches, as many consisted of smart contract code bugs and flash loan exploits.


Related:Two-thirds of AI Chrome extensions could endanger user security


In late July, the Securities and Exchange Commission voted to adopt new rules on cybersecurity disclosure, which would impact listed companies, including cryptocurrency firms.


The regulator will require public companies to disclose “material” cybersecurity breaches within four days claiming it was necessary to collect the data “to protect investors.”


However, corporations pushed back claiming that the short announcement period is unreasonable. They are also concerned that it would require public disclosure which could harm corporations and open them to further exploitation by cybercriminals.


“You really don’t want to be exposed, telling the SEC that you have been breached, you haven’t fixed it yet,” Arora said urging that its clients fix things much faster.


Magazine:Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review# Business# Cybercrime# CybersecurityAdd reactionAdd reactionRead moreHow to actually spend your Bitcoin, Explained5 smart contract vulnerabilities: How to identify and mitigate themThe ultimate guide to password management for crypto enthusiasts

News Feed

Ezra Reguerra11 hours agoSWIFT says blockchain integration ‘more plausible’ than unifying CBDCsSWIFT claims that interlinking existing systems with blockchains is better for the short term than bringing CBDCs togethe
Alice Ivey9 hours agoWhat is the International Monetary Fund, and how does it work?Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability.418 Total viewsListen to a
Bearish Case For Bitcoin: Analyst Warns Falling Wedge Is A Whale Trap That Could Drag Price To $67k
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Pump.fun daily revenue outpaces the next 24 protocols combined
Tom Mitchelhill3 hours agoPump.fun daily revenue outpaces the next 24 protocols combinedSolana memecoin deployer pump.fun has generated more than $5.3 million in revenue in the last 24 hours, out-earning Ethereum, Solana
GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion
GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 BillionCalifornia-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $4
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident On Saturday, several centralized crypto trading platforms and payment processors stopped USDC aut
Prashant Jha13 hours agoCelsius could repay all claims if Bitcoin, Ether prices rose 2X — Simon DixonDixon said creditors should fight to get out of the bankruptcy proceedings before the end of 2023, or before the pric
Cryptocurrency Trading Volumes Decreased 40% in June
Cryptocurrency Trading Volumes Decreased 40% in June Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web The accounting firm Mazars Group has stopped doing proof-of-reserves (POR)
WazirX restores balances post-hack, withdrawal timeline unclear
Amaka Nwaokocha11 hours agoWazirX restores balances post-hack, withdrawal timeline unclearThe delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of crypt
Tom Blackstone2 hours agoSam Altman ousted from OpenAI, CTO Mira Murati named interim CEOThe board of directors removed Altman on the grounds that he was allegedly “not consistently candid in his communications with th
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of