Ransomware attacks on Canadian infrastructure surge 151% in 2021: report
... pictured outside Communications Security Establishment headquarters in Ottawa. Osaka In the first half of 2021, global ransomware attacks have increased by 151% compared to 2020 and hackers... ... default files of ca sites are 2021 -- 12 Cyber-ransomware update-threat bulletin e.pdf, a unit of CSE. The agency said it had seen 235 ransomware incidents against Canadian victims... ... demands to what their victims are most likely to pay, according to CSE. The agency stated earlier that actors in Russia , China and Iran posed a major threat. Russian...
Updated: 12/06/2021
Schumer and McConnell may announce debt ceiling raise this week
Senate Majority Leader Chuck Schumer may be able to announce an agreement this week that will raise the federal borrowing limit and make sure the U.S. government doesn't default, according to analysts. Senate Majority Leader Chuck Schumer may be able to announce an agreement ... ... is a short-term increase via regular order, followed by a longer-term increase via reconciliation, said Ben Koltun, director of research at Beacon Policy Advisors. Another option is to use the National Defense Authorization Act NDAA to set out an expedited ...
Updated: 12/06/2021
Top US regulator warns banks against cyberattacks
... have robust policies in order to protect themselves from cyberattacks, saying it is seeing an increase in ransomware attacks. The Office of the Comptroller of the Currency said banks must have robust systems to identify threats and vulnerabilities in their technology,... ... Credit risk remains moderate for banks as loan portfolios have weathered the pandemic due to good risk management by banks and government relief programs, according to the OCC. The OCC noted that banks face some challenges in helping clients navigate the ...
Updated: 12/06/2021
Tesla shares plunge more than 20% after SEC report
After a report that regulators opened an investigation into the electric-vehicle company, Tesla Inc. s selloff intensified Monday after the stock ... ... intensified Monday after the stock fell to its biggest four-day decline since March. None Of The Hot New Trends For Hedge Funds Is Founders Female None Even in the Metaverse... ... were hit by a combination of fear about the coronavirus and a hawkish message from Federal Reserve Chair Jerome Powell . The factors weighed heavily on technology stocks...
Updated: 12/06/2021
New COVID variant could hit U.S. corporate earnings
... companies. NEW YORK, December 6, Reuters -- As details emerge of a new COVID 19 variant, investors are bracing for a possible ... ... particularly among retailers, restaurants and travel companies. The news of the Omicron variant comes in the middle of the holiday ... ... less than two weeks ago has spread to about one-third of U.S. states but the Delta version accounts for the majority of COVID ... ... the 2022 earnings outlook are higher costs for companies, with Federal Reserve Chair Jerome Powell last week signaling that inflation ...
Updated: 12/06/2021
Stocks rebound, Dollar In wake of Omicron outbreak
... indications suggested Omicron patients had mild symptoms, reversing some of Friday's heavy selloff. U.S. Treasury yields went up and stocks ... ... of Friday's heavy selloff. As of Sunday, Dr. Anthony Fauci , the top U.S. infectious disease official, told CNN that it does ... ... severity to it, while Omicron has spread to about one-third of U.S. states. Marc Chandler , chief market strategist at Bannockburn ... ... report, but the data did not shake market expectations that the Federal Reserve will speed up the pace of unwinding stimulus and ...
Updated: 12/06/2021
5 things to know before the Nasdaq is hit by a $1.7 trillion wipe-out
A trillion wipe-out from the Nasdaq Composite Index is starting to look like it has more to run. A whopping ... ... from the Nasdaq Composite Index is starting to look like it has more to run. None of the hot new trends for hedge fund Founders is that of Female Founders. None Even... ... Town: Coyotes The two-week rout followed Jerome Powell 's appointment as chair of the Federal Reserve and his comments on quickening the rollback of the pandemic re-appointment...
Updated: 12/06/2021
Central banks face challenge in December
... central bankers' policy signals, but they face their biggest challenge in December when the Federal Reserve, ECB and Bank of England hold crucial meetings in the space of 24 hours. Financial markets have... ... programmes less than an hour later, and the implications could be big for heavily indebted states like Italy . Monetary policy messaging is an inexact business by its very nature... ... global equities' value is close to $100 trillion, almost double pre-pandemic levels, and government spending splurges have expanded bond markets. The potential for setbacks...
Updated: 12/06/2021
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