CoinDesk 20 Performance Update: SUI Jumps 6.3% as All Assets Climb Higher
The CoinDesk 20 is currently trading at 3923.39, up 2.4% (+92.5) since 4 p.m. ET on Wednesday.
All 20 assets are trading higher.
Leaders: SUI (+6.3%) and POL (+6.2%).Laggards: LTC (+0.0%) and BTC (+0.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Forbes
5 minutes ago
- Forbes
Cyber Resilience Must Become The Third Pillar Of Security Strategy
For years, enterprise security has been built around two main pillars: prevention and detection. Firewalls, endpoint protection, and intrusion detection systems all aim to stop attackers before they do damage. But as threats grow more sophisticated, it's clear that this isn't enough. 'Cloud insecurity is inevitable,' says Kavitha Mariappan, chief transformation officer at Rubrik. The phrase reflects a shift in mindset taking hold across the industry: breaches will happen, and organizations need to prepare to recover as quickly and completely as possible. That requires elevating cyber resilience to stand alongside prevention and detection as an equal pillar of security strategy. Why Resilience Matters Now Mariappan has spent years in the prevention-and-detection world and understands its limits. 'We've built entire strategies around stopping attacks, with the belief that all attacks are preventable. They're not,' she says. Richard Stiennon, chief research analyst at IT-Harvest, sees Mariappan's approach as a natural progression that he describes as hyper-layers of defense. 'Prevention is always the best and provides immediate benefits. While needed, detection opens a can of worms and adds to workloads. If all else fails, the resilience layer ensures that the impact of a successful breach is minimized or at least contained.' Attackers today exploit sprawling, complex environments that span on-premises systems, multiple clouds, and hundreds of SaaS apps. Even the best defenses can't block every breach, whether it's from ransomware, insider threats, or supply chain compromises. Resilience — the ability to minimize damage, restore operations quickly, and maintain business continuity — is what keeps an incident from becoming a crisis. The Cloud Responsibility Gap The shift to cloud computing has created dangerous assumptions. Many organizations believe that moving workloads to AWS, Azure, or Google Cloud means the provider 'takes care of security.' While hyperscalers secure their infrastructure, customers are responsible for protecting their own data, configurations, and access. Think of it like a car. The manufacturer builds the car with an accelerator and steering wheel to let you get where you want to go as quickly and efficiently as possible, as well as brakes and a seatbelt to empower you to do so safely. Whether or how you use the tools provided is up to you. The same is true for the capabilities and security controls of cloud infrastructure. The hyperscalers provide the framework, but they're not responsible for how – or if – you use them. Native cloud backup and recovery tools are often designed for operational mishaps — such as restoring accidentally deleted files — not for withstanding modern cyberattacks. Mariappan warns that they can lack the immutability, isolation, and advanced threat detection needed to survive ransomware or coordinated, multi-vector campaigns. Resilience by Design Effective resilience starts with rethinking backup as more than a compliance checkbox. Immutable, air-gapped copies prevent attackers from tampering with recovery points. Built-in threat detection can spot ransomware or other malicious activity before it spreads. But technology alone isn't enough. Mariappan urges leaders to identify the 'minimum viable business' — the essential applications, accounts, and configurations required to function after an incident. Recovery strategies should be built around restoring these first to reduce downtime and financial impact. She also stresses the importance of limiting the blast radius. In a cloud context, that might mean segmenting workloads, isolating credentials, or designing architectures that prevent a single compromised account from jeopardizing an entire environment. The Quantum Horizon While most resilience planning focuses on immediate threats, Mariappan points to the 'harvest now, decrypt later' risk posed by quantum computing. Attackers can steal encrypted data today, store it cheaply, and wait until quantum capabilities make decryption trivial. That makes encryption hygiene and proactive re-encryption critical — not just after an incident, but as an ongoing practice. 'If the data was already taken, updating your encryption now is too late,' Mariappan notes. Breaking Down Silos Resilience planning often stalls because it lives in the wrong place. Backup and recovery budgets sit in IT infrastructure, while security teams focus on preventing attacks. Risk officers may own the broader business continuity mandate, but lack direct control over technical safeguards. Mariappan believes resilience should be a shared responsibility across IT, security, risk, and compliance — with executive and board-level engagement. 'This is no longer just an infrastructure problem,' she says. 'It's critical to the viability of the organization and the management of reputational risk.' Assume Breach The new playbook, she argues, is simple: assume breach. That means designing systems, processes, and teams to respond as if an attack has already succeeded. The goal is not to eliminate risk entirely — an impossible task — but to ensure the organization can recover without catastrophic losses. There's a cost to building resilience. It competes for budget with other security priorities. But the cost of not investing — weeks or months of downtime, regulatory penalties, damaged customer trust — is far higher. Mariappan puts it bluntly: 'More detection and prevention tools are not going to keep you 100% safe. Cyber resilience must be a first-class citizen in your security and risk strategy.'
Bloomberg
32 minutes ago
- Bloomberg
Stock Movers: Paramount Skydance, AST SpaceMobile, Opendoor
On this edition of Stock Movers: - Paramount Skydance Corp. (PSKY) shares are rising after the company is being started with a buy rating and $13 price target at Guggenheim, which sees strong prospects for the media company following the completion of the merger between Paramount Global and Skydance Media. The company is 'investing in growth businesses (studios, streaming, sports),' scaling its direct-to-consumer streaming business, and 'driving efficiency enterprise-wide with a focus on long-term free cash flow generation,' writes analyst Michael Morris. PSKY getting the rights for the Ultimate Fighting Championship 'aligns with management's goal of a global, scaled service and strategy of leaning into premium sports content." - AST SpaceMobile (ASTS) shares climbed as much as 19% Tuesday after the satellite firm set out an ambitious plan to launch 45 to 60 satellites in 2025 and 2026. The firm also said it received two additional early-stage contracts for the US government. - Opendoor Technologies (OPEN) shares rallied today after cryptocurrency investor and influential newsletter writer and podcaster Anthony Pompliano said he'd bought shares in the digital real estate firm. Shares rose as much as 16% Tuesday after Pompliano, chief executive officer of ProCap Acquisition Corp., said in a post on X he's an investor in the $1.8 billion company. Pompliano is a former employee of Facebook, now known as Meta Platforms Inc., who hosts podcasts on business and investing, writes a daily newsletter to 260,000 readers and has 1.7 million followers on X. Tuesday's gains mark the latest advance for the San Francisco, California-based company after it ended last month with a record 245% surge, climbing above $2 from just about 60 cents. The stock was at the center of July's retail trader frenzy after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital Ltd, made a series of posts on social media encouraging buying. That sent shares flying by as much as 832% before paring gains, and sparked a broader rally in other highly-speculative names across the market.
Bloomberg
33 minutes ago
- Bloomberg
Bloomberg Tech: China to Avoid Nvidia H20 Chips
Bloomberg's Caroline Hyde and Ed Ludlow discuss reports that China is urging its domestic companies to avoid using Nvidia H20 chips. Plus, Elon Musk accuses Apple of favoring OpenAI above other AI companies in its app store, even threatening possible legal action. And Circle CEO Jeremy Allaire discusses plans for new products as shares of the company soar following its earnings report.
