County Palo Alto Financial News

cybercriminals. Native English-speaking hackers would call up a target company's information technology helpdesk posing as an employee, and seek login details by pretending to have lost theirs. They had all the employee information needed to sound convincing. And once they got access, they'd quickly find their way into the company's most sensitive repositories to steal that data for extortion.

Silicon Valley tech giant Cisco is buying cybersecurity firm Splunk in a $28 billion deal as it looks to keep up with potential security threats that could be brought about by the increasing use of artificial intelligence

By Milana Vinn and Anirban Sen

A federal appeals court in Manhattan seems unreceptive to arguments that FTX founder Sam Bankman-Fried should be released before his trial starts in two weeks

Global Frontier Technology Ventures (GFT), a venture capital firm launched by former Nvidia and Samsung executives, on Tuesday said it has raised $140 million for its inaugural fund. The Palo Alto-headquartered fund will focus on investing in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as «deep tech.»

G20 summit are yet another reminder of the growing and ever-present threat to digital security. In fact, several hackers are likely to have attacked India's digital infrastructure during the summit, claims CloudSEK, a cyber-security company. Between 2020 and 2022, India averaged 1.3 million cybersecurity incidents a year, according to data presented in Parliament based on incidents reported to or tracked by the Indian Computer Emergency Response Team (CERT-In), a government nodal agency.

SDNY Judge Lewis Kaplan has rejected a plea from Sam Bankman-Fried's legal team to release the FTX founder before his upcoming trial to better prepare for the legal proceedings.

Sam Bankman-Fried's legal team has once again requested a pre-trial release for their client due to poor internet access in the federal jail.

Anil Valluri, managing director of India & SAARC, Palo Alto Networks, India, said the world’s most populous nation saw a 75% increase in cybersecurity budget allocation for 2023 compared with the previous year, marking it one of the highest increases in the APAC region.

Apollo Global Management Inc. hired BlackRock Inc. veteran Rick Moreno to bolster the buyout giant’s US team targeting investment firms for the ultra-rich.

Sam Bankman-Fried's Oct. 3 criminal fraud trial, after the jailed FTX founder's lawyers complained he did not have enough time to review millions of pages of evidence to help build his case. U.S.

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have reportedly not asked for a different trial date in order to prepare, but a federal judge has offered a limited window to do so.

Elon Musk, the chief of Tesla, Space X, and the owner of ‘X’ (formerly Twitter), is impressed with the growing number of Indian-origin CEOs. In a list published by World of Statistics, it was made evident that there has been a significant rise in Indian-origin people at the topmost position. The list showed that many companies all over the world are now led by Indian-origin CEO.

Sam Bankman-Fried said Friday that prosecutors have delivered another four million pages of documents for the FTX founder to examine six weeks before trial, making it impossible for the former cryptocurrency executive to adequately review the evidence for an October trial from behind bars. Bankman-Fried lost the right to remain free on bail when a judge decided two weeks ago that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Prosecutors say he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company's multibillion-dollar collapse after the equivalent of a bank run. In a letter to U.S. District Judge Lewis A. Kaplan, attorneys Christian Everdell and Mark Cohen renewed their request for the 31-year-old to be freed so he can adequately prepare for his Oct. 3 trial. He'd been living with his parents in Palo Alto, California, under the terms of a $250 million bail deal that was in place since he was brought to the United States from the Bahamas in December. His lawyers appealed the ruling to jail him to the 2nd U.S. Circuit Court of Appeals. And earlier this week, they complained at a hearing that he has had to survive at a Brooklyn lockup on bread, water and peanut butter because they won't provide him with vegan food.

Lawyers for Sam Bankman-Fried say prosecutors have delivered another four million pages of documents on the FTX founder six weeks before trial

Stocks that traded heavily or had substantial price changes Monday: Palo Alto, Earthstone Energy rise; Napco Security, Nikola fall

Palo 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. 

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Investing.com — U.S. futures traded higher Monday, starting a new week on a positive note as investors await news from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

Investing.com — U.S. stock futures rose Monday, rebounding after a negative week with investors looking for guidance from the Federal Reserve’s annual get-together at Jackson Hole.

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