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Global Retirement Partners LLC Increases Stake in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR)
Global Retirement Partners LLC significantly increased its stake in the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR – Free Report) by 506.9% during the 4th quarter, according to a recent disclosure with the Securities & Exchange Commission. The company now owns 24,205 shares of the ETF, an increase of 20,217 shares from the previous quarter, with a value of $1,328,000 as of the most recent filing. Various other institutional investors and hedge funds have also made…
Citigroup Inc. reduces investment in Amplify Cybersecurity ETF (NYSEARCA:HACK)
Citigroup Inc. decreased its holdings in shares of Amplify Cybersecurity ETF (NYSEARCA:HACK – Free Report) by 9.2% in the third quarter, as reported by HoldingsChannel. The fund owned 2,026 shares of the company’s stock after selling 206 shares during the period. Citigroup Inc.’s holdings in Amplify Cybersecurity ETF were worth $105,000 as of its most recent SEC filing. Other major investors also recently bought and sold shares of the company. Jane Street Group LLC increased…
Embracing the Future: The Latest Challenges in Cybersecurity
Delving deeper into the quantum computing era, the industry is abuzz with expectations of a groundbreaking shift that could reshape our approach to various sectors like medical breakthroughs and financial transactions. These cutting-edge computers, propelled by qubits operating in multiple states simultaneously, are poised to outstrip classical computing by vast margins. They offer an exhilarating chance to solve intricate problems at unparalleled speeds, particularly revolutionizing fields such as pharmacology and finance. Nevertheless, this significant advancement…
Serious Cybersecurity Concerns Lead to Class Cancellations in Traverse City on April 1st
Monday's classes were canceled in the region's largest school district due to a cybersecurity incident, and officials are uncertain if school will resume on Tuesday.Superintendent John VanWagoner sent an email to Traverse City Area Public Schools families at 8 p.m. on Saturday, along with a recorded message from the district, informing them that "a network disruption impacted the functionality and access of certain systems."Upon detection of the issue, TCAPS officials disconnected network access and enlisted…
Embracing the Quantum Revolution: Preparing for the Future
As the digital frontier expands with the advent of quantum computing, the industry anticipates a transformation that could revolutionize multiple sectors, from pharmaceuticals to finance. Nonetheless, this quantum leap also poses grave challenges to current cybersecurity measures, potentially leaving encrypted data vulnerable. This analysis underscores the critical urgency for advancing cyber-defense technologies in the face of quantum developments. Quantum computers operate on a scale that classical computers cannot match, harnessing the power of qubits that…
School Closure on Monday Due to TCAPS Cyber Security Incident
TCAPS Investigating Network Disruption By Beth Milligan | March 30, 2024 Traverse City Area Public Schools (TCAPS) is currently looking into a "network disruption" issue that has led the district to immediately cut off access to its network. They have also brought in a specialized third-party cybersecurity firm and have decided to close school for at least Monday, with the possibility of extending the closure to Tuesday. On Saturday night, TCAPS sent an email to…
Embracing Proactive Cybersecurity Measures: A Vital Call to Action
Quantum computing is a game-changer in various industries, offering immense processing power. However, this power also poses serious threats to current data encryption methods, making businesses vulnerable to cyber threats. With predictions of encryption breakdowns within five years, the urgency for proactive cybersecurity measures is evident. Utilizing qubits that can exist in multiple states simultaneously, quantum computers can solve equations at incredible speeds, surpassing traditional machines. This advancement could make secure encryption methods like RSA…
Millions of AT&T Customers’ Information Exposed in Data Breach
Approximately 7.6 million current AT&T account holders and 65.4 million former customers have been impacted by the breach. ATLANTA — AT&T, the leading wireless provider in the United States, is alerting its users about a data breach that exposed millions of customers' information on the dark web. In a statement released on Saturday, the telecommunications giant revealed that the leaked data dates back to 2019 and earlier, affecting around 7.6 million current AT&T account holders…
Investor Excitement Soars for Cutting-Edge Cybersecurity Pioneer Arqit Quantum Inc.
Investor confidence in Arqit Quantum Inc., a leader in encryption technology, is on the rise, with a significant decrease in market speculation against the company. In March 2023, Arqit Quantum’s short interest dropped by 50%, indicating a positive outlook from the investment community. While the share price of Arqit Quantum dipped slightly, the overall decrease in short-selling positions suggests expectations of improved performance from the company. Two Sigma Investments Showcases Positive Outlook on Cybersecurity Market…
Utilizing Generative AI to Bridge the Cybersecurity Resource Gap
Join us in Atlanta on April 10th and explore the landscape of security workforce. We will delve into the vision, benefits, and use cases of AI for security teams. Request an invite here. At every cybersecurity event I attend, CISOs and other security professionals discuss the challenges of finding, hiring, and maintaining a team of cybersecurity professionals. Not surprisingly, ISC2 recently revealed that the industry is experiencing a nearly 4 million person workforce shortage —…