CNBC: The news sent shares down as much as 7% in pre-market trading, although the stock recovered after Okta posted earnings that beat estimates. The company had originally been expected to report earnings after the bell, but moved its report up to the morning shortly after it disclosed the expanded breach in a blog post filed with the SEC.
US News: CrowdStrike Holdings on Tuesday forecast fourth-quarter revenue above Wall Street estimates, driven by resilient demand for its cybersecurity offerings in the wake of rising online threats.
TechCrunch: Fidelity National Financial, or FNF, a Fortune 500 company that provides title insurance and settlement services for the mortgage and real estate industries, announced that it was the victim of a “cybersecurity incident that impacted certain FNF systems.”
CFO: New Securities and Exchange Commission (SEC) rules requiring the disclosure of processes for identifying material cyber risks — and management’s role and expertise in assessing and managing the risks — may require CFOs to hit the books.
CSO: With the US Securities and Exchange Commission (SEC) having taken legal action against CISOs at both SolarWinds and Uber, security executives feel the pressure to be absolutely precise when writing up security incidents that the company has decided are material.
Yahoo Finance: A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing for U.S. Treasuries could leave the market more exposed to cybersecurity risks, Barclays said, referring to the cyber hack of Industrial and Commercial Bank of China's U.S. broker-dealer.
TechCrunch: Vulcan Cyber, a company developing software to help enterprises detect vulnerabilities in their software stack, announced that it raised $55 million in equity financing led by Maor Investments and Ten Eleven Ventures with participation from Dawn Capital and Wipro Ventures.
Yahoo Finance: Gen Digital beat second-quarter revenue estimates as rising digital threats and hacks drove stable demand for its cybersecurity products, sending the company's shares more than 3% higher before the bell.
Dark Reading: Back in July, the Securities and Exchange Commission (SEC) adopted a rule "requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance."
CNBC: Information Technology firm SolarWinds, which was targeted by a Russian-backed hacking group in one of the worst cyber-espionage incidents in U.S. history in 2019, committed fraud and failed to maintain adequate internal controls for years prior to the hack, the Securities and Exchange Commission alleged in a lawsuit.