Collaborate Disseminate
For anyone playing the stock market, and perhaps even more so for those investing in cryptocurrencies, watching the value of your portfolio go up and down can be a stressful …read more Continue reading Banksy-Like Stock Tracker Shreds Your Money When the Market’s Down
Even the leak of a single infographic can be a big deal for a major corporation. Intel Corp. had to act fast Thursday afternoon when it discovered that an infographic from its unpublished quarterly report had been circulating outside the company. As a result, the chipmaker posted those fourth quarter 2020 financial results a few minutes before the stock market closed at 4 p.m., instead of afterward. Chief Financial Officer George Davis told the Financial Times that the graphic had been “hacked” from the company’s public relations newsroom website. Intel has not specified who the thief might be, or where the graphic had been illicitly shared online. As financial cybercrime goes, the incident appears to be small and isolated, but it highlights the appeal of financial data — even a single page from a slide deck — to anyone inclined to use illicitly acquired information to get a leg up […]
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More than two decades since its last initial public offering, McAfee is planning another one. The Silicon Valley cybersecurity giant filed Monday for an IPO on the Nasdaq, a move that would separate the company from buyout firm TPG, which spun off McAfee from Intel in 2017. McAfee set a placeholder valuation of $100 million for the IPO, but the actual number is expected to be about $8 billion. There is no guarantee the company will have a successful IPO, or raise that amount of money, even as investors pour funds into public firms at a breakneck pace. The IPO market is nearing the end of the busiest third quarter for deals since 2000, the Wall Street Journal reported. Another company with cybersecurity interests, the big-data firm Palantir, is set to begin trading Wednesday on the New York Stock Exchange. Intel had acquired McAfee in 2010 for $7.7 billion. In 2017, TPG took a […]
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An influential financial oversight organization is urging U.S. brokerage firms and securities organizations to be on the lookout for an ongoing email scam that aims to steal usernames and passwords. The Financial Industry Regulatory Authority, an industry-run organization overseeing brokers and exchange markets, published an alert Monday about an “ongoing” phishing campaign in which attackers are posing as FINRA executives. The messages typically include the name of the target organization in the subject line, and encourage recipients to download an attachment that requires “immediate attention.” In fact, the attachment may direct a user to a website that prompts them to enter their credentials for Microsoft Office or SharePoint, a corporate collaboration software. The notice did not cite any specific security incidents that may have inspired the bulletin. “FINRA reminds firms to verify the legitimacy of any suspicious email prior to responding to it, opening any attachments or clicking on any embedded links,” the advisory […]
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Losing money is what hot tech startups do best. Continue reading WeWork Celebrates Losing $1.6 Billion by Going Public
You can bet CrowdStrike executives hope the company has more days like Wednesday. The security vendor’s market value exceeded $12 billion on its first day of trading on the NASDAQ under the ticker symbol “CRWD.” That’s almost four times the company’s valuation in June 2018 when it raised $200 million in its last private round, good enough for a $3 billion valuation. The California-based company traded at $63 per share, nearly double its IPO price of $34. The big money was enough to attract attention from industry experts like Kelly Shortridge, vice president of product strategy at the vendor Capsule8 and an information security behavioral economist, who spent the day watching the ticker. Remember, huge pops on day 1 of the IPO aren’t proportionally beneficial. Doubling of the stock price, in this case, means they left a *lot* of $$$ on the table. In real dollar terms, $CRWD could‘be raised $1.4 billion […]
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Microsoft has Apple’s market capitalization to become the most valuable tech company in the US.
The post Microsoft Passes Apple Market Cap to become the Most Valuable US Company appeared first on Petri.
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Some financially-motivated hackers go straight for the money, but others take a more circuitous route, going after information that they can use for profit. That’s what criminals convicted this week did until they were caught in 2015, earning millions … Continue reading Hackers break into newswire services, trade on what they find
Machines – is there anything they can’t learn? 20 years ago, the answer to that question would be very different. However, with modern processing power and deep learning tools, it seems that computers are getting quite nifty in the brainpower department. In that vein, a research group attempted to use machine learning tools to predict stock market performance, based on publicly available earnings documents.
The team used the Azure Machine Learning Workbench to build their model, one of many tools now out in the marketplace for such work. To train their model, earnings releases were combined with stock price data …read more
Continue reading Stock Market Prediction With Natural Language Machine Learning
The U.S. Securities and Exchange Commission (SEC) has revealed that attackers might have used data they stole in a security breach for illicit insider trading.
David Bisson reports.
Continue reading SEC reveals hackers might have used stolen data for insider trading