White House warns companies to setup cybersecurity
The White House warned corporate executives and business leaders to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline. The ransomware attack has been significantly increased in recent days, said Anne Neuberger, cybersecurity adviser at the National Security Council. As the threats are […]
Exclusive some on Wall street try options trade to bet against AMC without getting burned
Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc and other meme stocks through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong. According to some data some institutional investors have ramped up complex options trades that […]
UBS ramps up Netflix of banking to tap into stream of millionaires
UBS’s new hybrid digital wealth management platform has attracted $3.7 billion in its first year. This boosts the chief executive Ralph Hamer’s strategy of winning more business from the lower echelons of the global rich. The world’s biggest wealth manager is trying to improve its digital services to reach customers outside its super rich core client […]
US Officials up pressure on firms, foreign adversaries over cyber attacks
U.S. officials ratcheted up pressure on companies and foreign adversaries to fight cybercriminals and they also said that President Joe Biden is considering all options, including a military response, to counter the growing threat. U.S. Commerce Secretary Gina Raimondo, when asked about if military action was being considered said that the Biden administration is looking […]