Tag Archive for: Wall

No Button iPhone, New Spyware Hack and More – 24/7 Wall St.

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The iPhone’s physical on/off button could be headed for the ash heap of history. At least, that’s the latest rumor as the expected announcement of new products from Apple Inc. (NASDAQ: AAPL) gets closer. No one’s sure how much closer because Apple hasn’t specified a date yet.

According to CNET, the iPhone 13 (that’s the one everyone expects to be announced next month) could be buttonless. No on/off or volume controls to push. Instead, Apple could use something called capacitive sensing input devices, “‘invisible backlit holes’ that appear when touched and disappear when not in use.”

Apple filed a patent application for just such technology in December of last year. That seems a bit quick to get a product using the technology to market, but, as Apple points out in its patent filing, the touch screen of the iPhone has used this capacitive sensing since the first iPhone was produced. The filing also describes how the technology would work on a laptop and even a watch.

The next iPhone (or the one after that) could ditch the Lightning connector as well and put all Apple’s chips behind a phone that is charged wirelessly and has no ports (holes) at all.

Internet watchdog group Citizen Lab has uncovered evidence of another attack on activists’ iPhones by the Pegasus spyware developed by Israel’s NSO group. Citizen Lab examined nine Bahraini activists’ iPhones and found evidence that the phones had been hacked using a “zero-click” attack. Such an attack does not require any user interaction to infect the device with spyware.

According to TechCrunch, “the hacks also circumvent a new software security feature built into all versions of iOS 14, dubbed BlastDoor, which is supposed to prevent these kinds of device hacks by filtering malicious data sent over iMessage.” Citizen Lab told TechCrunch that the Toronto-based group had notified Apple of the attack.

In response to a query from TechCrunch, Apple “would not explicitly say if it had found and fixed the vulnerability that NSO is exploiting.” Apple re-issued a boilerplate statement:

Attacks like the ones described are highly sophisticated, cost millions of dollars to develop, often have a short…

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4 Cybersecurity Stocks to Buy After Another Massive Ransomware Hack – 24/7 Wall St.

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Here we go again. Just like the Colonial Pipeline and beef supplier JBS, hackers have once again brought an alarming number of businesses to their knees. As many as 1,500 organizations were compromised by ransomware following an incident in the United States at information technology firm Kaseya, which remotely controls programs for companies that manage internet services for businesses.

Officials think that the breach may be affiliated with the Russian-linked REvil ransomware gang and is one of the largest criminal ransomware hacks in history. In Sweden, as many as 800 stores of the supermarket chain Coop couldn’t open on Saturday after the attack knocked their cash registers offline.

Once again investors are reminded that cybersecurity software is crucial for business and government, and it is a pretty safe bet that those in decision-making positions will continue to demand security that is impenetrable. With the most recent hack, the criminals are demanding $70 million to restore the stolen data. After both Colonial and JBS paid up, it’s a good bet that others will have to as well.

We screened our 24/7 Wall St research database looking for the top cybersecurity software companies and found four that make sense for more aggressive growth investors seeking a stake in this dynamic silo of technology. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Cloudflare

This off-the-radar cybersecurity pick has big potential upside in a red-hot industry, and it could be a potential takeover target. Cloudflare Inc. (NYSE: NET) provides an integrated cloud-based security solution to secure a range of combinations of platforms, including public cloud, private cloud, on premise, software-as-a-service applications, and Internet of Things (IoT) devices.

Cloudflare’s security products include Cloud Firewall, Bot Management, Distributed Denial of Service, Infrastructure Protection, IoT, SSL/TLS, Secure Origin Connection and Rate Limiting. The company also offers performance solutions, which include Content Delivery, Intelligent Routing, and Mobile Software Development Kit, as well as Content, Mobile, and Image…

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4 Stocks to Buy Now – 24/7 Wall St.

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It never fails. Individuals, businesses and government become complacent about the need for stringent cybersecurity protection, and then a massive breach like the one on Colonial Pipeline happens and tens of millions of people can’t buy gasoline. Jet fuel and distillates are also cut-off, and there is basically nothing to be done until the situation is remedied. As always, guess what stocks are right back in the spotlight? Cybersecurity software.

Over the years, the massive hacks at Adobe, eBay, Equifax, Microsoft Exchange Server, Yahoo and more have done huge damage. Like now, there is always a vow for more diligence. The Biden administration enacted new executive orders focusing on the government taking aggressive steps toward Zero Trust adoption. The executive order is also very firm about implementing multifactor authentication at government agencies, and many across Wall Street feel that is critical to an effective Zero Trust plan.

Zero Trust architecture is an alternative security model that addresses the fundamental flaw of traditional strategies that data only needs to be protected from outside of an organization. The Zero Trust model views data security through a new lens, enabling parameters that dictate access and restrictions internally as well.

While the hack at Colonial does not immediately mean orders will fly through the doors of the top companies, it has refocused those in leadership positions on the crucial need for data and hardware security. We screened the BofA Securities cybersecurity software research universe looking for the top stocks that are rated Buy and found four that offer big upside to current price levels and solid growth prospects going forward. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.

CrowdStrike

This cybersecurity stock has pulled back recently after a stellar run and is offering an outstanding entry point. CrowdStrike Holdings Inc. (NASDAQ: CRWD) is a leader in the endpoint protection platform (EPP) market. EPP solutions help protect enterprises’ internet-connected devices from cyberattacks, and there is a market shift from signature-based on-premises solutions to cloud-based…

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U.S. Spy Agency Warns That Chinese Hackers Target Military, Defense Industry – The Wall Street Journal

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U.S. Spy Agency Warns That Chinese Hackers Target Military, Defense Industry  The Wall Street Journal
“chinese hackers” – read more