Shares of Palo Alto Networks Inc. plunged just over 20% in late trading today after the network management and security firm offered lower-than-expected guidance for revenue and earnings in its latest earnings report. For its fiscal second quarter ended Jan. 31, Palo Alto Networks reported adjusted earnings per share of $1.46, up from $1.05 in ...

A new report released by phishing detection and response solutions company Cofense Inc. today finds a significant increase in malicious emails bypassing secure email gateways in 2023, serving as a wakeup call to the increasing abilities of malicious actors. The Cofense 2024 Annual State of Email Security Report, based on 35 million employee accounts tracked ...

Cloud security startup Menlo Security Inc. today announced a new cloud-delivered enterprise browser solution that includes new capabilities to enable safe and simple hybrid work with zero-trust access. The new Menlo Security Enterprise Browser solution, built on elements of the Menlo Secure Cloud Browser, is offered on a software-as-a-service basis. The solution is designed to deliver a comprehensive ...

A new report today from Arctic Wolf Networks Inc. reveals a sharp rise in ransom demands and business email compromise incidents in 2023 as cybercriminals continue to exploit long-disclosed vulnerabilities for economic gains. The annual Arctic Wolf Labs Threat Report details the colorful year that was 2023, with cybercrime groups upping their ransomware demands while gleefully ...

An international law enforcement operation has disrupted the infamous LockBit ransomware gang by successfully taking down its leak site on the dark web. LockBit’s leaks site, a site operated by LockBit where it threatens to expose and then publish stolen data from victims, is offline and has been replaced by the featured image. It states ...

U.K. artificial intelligence chip startup Graphcore Ltd. is reportedly exploring a sale as it has struggled to compete with the likes of Nvidia Corp. in the booming AI chip market. The Telegraph reported Saturday that Graphcore has been discussing a potential deal with major tech companies to raise new funding to cover heavy losses. A potential ...

The European Commission, the executive branch of the European Union, is reportedly preparing to fine Apple Inc. €500 million ($539 million) for allegedly breaking EU law by restricting access to competitors to favor Apple Music on the iPhone. The Financial Times, citing five people with direct knowledge of an antitrust investigation into Apple, said the fine ...

Google LLC today announced a new AI Cyber Defense Initiative and proposed a new policy and technology agenda aimed at harnessing the power of artificial intelligence to bolster cybersecurity defenses globally. The new initiative is designed to counteract evolving threats by leveraging AI’s capabilities to enhance threat detection, automate vulnerability management and improve incident response efficiency. ...

OpenAI today announced Sora, a new text-to-video model that can generate videos up to a minute long while maintaining visual quality and adherence to the user’s prompt. Text-to-video is arguably the next big thing in artificial intelligence and OpenAI isn’t the first to the party. Meta Platofrms Inc., Google LLC and Runway AI Inc., among others, ...

Shares in Coinbase Global Inc. surged over 12% in late trading today after the cryptocurrency exchange provider surprised investors by smashing quarterly revenue expectations and reporting a profit, driven by bitcoin price rises seeing investors return to cryptocurrency markets. For its fourth quarter that ended Dec. 31, Coinbase reported adjusted earnings per share of $1.04, ...