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Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week – CoinDesk – CoinDesk

Bitcoins steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen.

The worlds first cryptocurrency is trading below its 10-day and 50-day moving averages, a bearish technical indicator. At press time, BTC was trading down 3.4% over 24 hours at $9,340 00:00 UTC Friday (4 p.m. ET). Bitcoin had experienced steady gains since May 13, yet stumbled in early trading at 02:00 UTC Friday, quickly dropping 5%. Since then, bitcoin clawed back some gains but continues to trend downward.

Outside events are much more likely to impact bitcoins price, like a possible crash of the economy" because of COVID-19, said Alessandro Andreotti, an Italian over-the-counter cryptocurrency trader.

Uncertainty still exists in equities amid the coronavirus pandemic, and stock markets have performed poorly this week on the murky economic outlook. Data confirmed that: a drop in retail sales by 16.4% in April, the worst since 1992, and U.S. unemployment claims up over 36 million in the same period.

The S&P 500 U.S. stock index closed down 2.2% for the week, its worst performance since late March. In Europe, the FTSE 100 index of largest publicly traded companies ended trading down for the week 2%. For Asia, the Nikkei 225 of Japans largest companies ended the week down overall for the first time since April.

However, not all traditional assets are performing poorly. Gold and silver are looking strong, said Rupert Douglas, head of institutional sales at crypto asset manager Koine. Gold is up 2.8% for the week.

I think bitcoin will be strong, too, Douglas added. While losing some steam Friday, there is confidence among stakeholders bitcoin can turn things around and its price rise steadily.

One trader points to less leverage in the derivatives market as a sign of that. The number of open leveraged positions are down between 25%-50% across major exchanges since March, said Nicholas Pelecanos, head of trading at crypto fund NEM Ventures.

On Seychelles-based derivatives exchange BitMEX, open interest hit as high as $1.1 billion back on February 9. Since March 12s bitcoin price crash caused $700 million in automatic liquidations on BitMEX, daily open interest has dropped significantly. On Friday it was at $596 million.

To be sure, it appears derivatives traders have less of an appetite for leverage positions specifically on BitMEX, where directional bets can be levered up to 100 times collateral.

This gives us a good indication that if a sell-off begins to materialize, it will be of smaller magnitude than what we saw in March, Pelecanos added.

Andreotti, the over-the-counter trader, says that despite his concerns about economic disruptions, he sees the upward trend for bitcoin to return soon. I think its going to maintain the same demand. Prices might go up a little bit, around the $10,000 range, he told CoinDesk.

The $10,000 level is a key price range to pique the interest of traders wanting to hit the buy button, according to Katie Stockton, an analyst at Fairfield Strategies. A breakout above $10,000 level would likely give way to improved short-term momentum, Stockton noted.

Digital assets on CoinDesks big board are in the red on Friday. The second-largest cryptocurrency by market capitalization, ether (ETH), slipped 4.2% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

Losers in 24-hour trading include bitcoin sv (BSV) in the red 4%, iota (IOTA) lower by 3.7% and zcash (ZEC) slipping 3.5%. Ethereum classic (ETC) was the lone winner, up 3.5%. All price changes were as of 20:00 UTC (4:00 p.m. ET) Friday.

Oil was trading rose Friday by 5.8%, ending the week up 20% because crude supply adjustments have been positive news. As major oil-producing countries have inherited the promise to reduce production, the International Energy Agency predicts that the tight supply of crude oil in the second half of this year will support oil prices, said Nemo Qin, senior analyst for multi-asset brokerage eToro.

U.S. Treasury bonds were mixed Friday. Yields, which move in the opposite direction as price, were up most on the 10-year, in the green 3%.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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First Mover: Bitcoins Hot Again and Crypto Miners Are Hoarding Or Are They? – CoinDesk – CoinDesk

Bitcoin is rallying again, and some analysts are looking at a potential driver of even higher prices: new data showing that mining pools are hanging onto the cryptocurrency rather than sending it to exchanges for a quick sale.

But as with a lot of bitcoin analysis, the interpretation isn't always clear-cut; the data might be seen differently as a sign of a weak market.

You're readingFirst Mover, CoinDesk's daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you dont have to. You cansubscribe here.

Charts provided by the Korean analytics firm CryptoQuant show a slowdown in outflows from cryptocurrency mining pools, which essentially aggregate computing power to increase their collective chance of getting more bitcoin.

The Beijing-based F2Pool, for example, which currently accounts for 17.1% of the Bitcoin blockchains total computing power, witnessed an outflow of 139 bitcoins on Wednesday, the fewest in nearly six months, according to CryptoQuant. Of those, 29 bitcoins got sent to cryptocurrency exchanges, the fewest in at least a year.

Taken alone, the slowdown shows mining pools are hanging onto the bitcoin rather than transferring them to an exchange for a quick monetization.

But what it means for prices is trickier.

One possibility is the miner community might be expecting a big price rally at some point down the road.

Another is miners might be worried the market is looking weak or thin: If they transferred their bitcoins to an exchange en route to cashing out, the heavy surge in sell orders might cause prices to collapse.

Mining pools typically account for the highest percentage of coins sent to exchanges, so they tend to have a big impact on the market.

The dynamic is analogous to the delicate balance some central banks face when trying to build up foreign reserves or intervene in currency markets. Take the Reserve Bank of India, for example. When the market for the Indian rupee is strong and trending higher, its easier for the RBI to buy U.S. dollars without driving down the value of its own currency. If the central bank buys dollars while the rupee market is soft, the sell-off in the local currency only deepens.

The very exercise of studying mining pool behavior highlights the emerging field of on-chain analysis, in which data gleaned directly from the public blockchain network are aggregated, sorted and charted to map out where the money is flowing.

There are a lot of forces at play right now in the bitcoin market. Originally, the cryptocurrency was designed to be used in an electronic peer-to-peer payment network, but increasingly it has become popular among many investors as a potential hedge against inflation.

And while there's the possibly inflationary forces of trillions of dollars of emergency money injections by the Federal Reserve and other central banks, there's also the deflationary impact of the coronavirus-induced recession, the worst since the early 20th century.

With so much to think about, the thinking goes, on-chain analysis can provide additional clues on where prices are headed.

One issue for the analysts is the data can sometimes seem contradictory.

Another on-chain metric is the miners rolling inventory, or MRI.

This gauge measures changes in bitcoin inventory levels held by the miners. An MRI above 100% means miners are selling more than they mine, while a sub-100% reading indicates hoarding selling less than they mine and building inventory.

On Wednesday the MRI stood at 114%, meaning miners were reducing inventory over the past 24 hours by spending more than they mined. The MRIs for one-week, five-week and 12-week periods also are hovering above 100%.

These signals might be an indication miners see the market as strong enough to absorb the extra selling pressure.

Such efforts to scrub the on-chain data and then interpret them show how cryptocurrency-market investors and analysts are scrambling to keep up with fast-evolving digital-asset markets that are in many ways similar to traditional markets, but in other ways fundamentally different.

"Bitcoin is a bit [of an] alternative, and there aren't really established fundamentals for it, Delphi Digitals Yan Liberman said Thursday on a panel at CoinDesks Consensus: Distributed conference, where analysts discussed different ways of slicing on-chain data.

In that context, he said, the specialized practice kind of becomes fundamental for bitcoin.

Tweet of the day

Bitcoin watch

BTC: Price: $9,572 (BPI) | 24-Hr High: $9,867 | 24-Hr Low: $9,262

Trend:Bitcoin is exhibiting high price volatility while heading into the weekend. The top cryptocurrency by market value fell from $9,750 to $9,262 during the 60 minutes to 03:00 UTC, only to rise back above $9,700 during the early European trading hours.

At press time, bitcoin is changing hands near $9,590, representing an over 18% gain from the low of $8,100 observed a day before Monday's block reward halving. As such, traders may conclude that the pullback from recent highs above $10,000 has ended and the broader bull trend from March lows has resumed.

However, chart analysts suggest a convincing move above the $10,074 is needed to restore the bullish bias. "Bulls need to close this week above the previous week's high to remain in full control,"tweeted NebraskanGooner, a popular trader and an adviser to blockchain intelligence firm Glassnode.

Indeed, a weekly close (Sunday, 00:00 UTC) above $10,074 would invalidate the buyer exhaustionsignaled by the previous week's "spinning top" candle and restore the bull trend on the technical charts.

That said, the bullish weekly close may remain elusive if the cryptocurrency fails to hold at or over current levels according to renowned analyst Josh Rager. "A failure to close (the day) above $9,550 would indicate a top has been made,"Rager tweeted.

The cryptocurrency is currently trading above $9,550, having bounced up from $9,200 early Friday. However, the price bounce lacks credence due to low buying volumes and could be short lived. In fact, the entire rise from $8,100 to $9,940 seen earlier this week has been accompanied by anemic buying volumes.

All in all, a re-test of $9,200 in the next 24 hours cannot be ruled out. Acceptance under that level would shift risk in favor of a drop to the next support at $8,980.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin Bears Say These 5 Metrics Will Stop BTC From Reclaiming $10K – Cointelegraph

Bitcoin (BTC) sellers are pinning their hopes on continuing to see sub-$10,000 prices in the aftermath of the halving based on five key futures market metrics.

The five measures are open interest, funding, long and shorts delta, bearish divergences, and liquidity grab at $10,000.

The open interest the total amount of long or short contracts open in the market of Bitcoin futures contracts on BitMEX, Binance Futures, Bybit and other futures exchanges is struggling to increase.

On May 10, when the price of Bitcoin abruptly dropped from $9,570 to $8,100 on BitMEX merely hours before the halving, it liquidated around $200 million worth of longs in a single hour.

At the time, the open interest of BitMEX dropped substantially as many long contracts were either liquidated or forced to adjust their positions.

On May 14, the price of Bitcoin similarly rejected at $9,900, dropping to as low as $9,200 overnight. The rapid pullback caused $42 million to be liquidated. Within a five-day span, at least $270 million worth of longs were liquidated on BitMEX alone.

Bitcoin rejects $10,000 and $9,900. Source: Tradingview

Following the two sell-offs, the appetite of investors in the futures market to enter a trade seemingly declined. It could potentially indicate that buyers are showing signs of exhaustion as selling pressure builds up at a key resistance level of $10,000.

Across three major futures exchanges Bitfinex, Binance Futures and BitMEX, long contracts account for approximately 72.37% of total open interest.

As of May 15, around $661.7 million worth of long positions are open but only $252 million in short positions are filed. The large gap between long and shorts at a multi-year resistance area leaves Bitcoin vulnerable to a possible long squeeze.

Total Bitcoin longs and shorts in the market. Source: Blockwhisperer

In the past week, Bitcoin experienced two major long squeezes in short time periods. Yet, the market is still heavily swayed towards longs and that means there is a lot of liquidity to be taken in the mid-$9,000s.

The Relative Strength Index (RSI) is a momentum oscillator that measures whether Bitcoin is overbought or oversold.

According to a technical analyst known as CryptoCapo, when the RSI of Bitcoin decreases while the price rises, it is considered to be a bearish divergence.

A bearish divergence that emerges in an extended price movement suggests that a sizable correction may occur.

Bitcoin shows bearish divergence. Source: CryptoCapo

The declining RSI and the slowing volume of Bitcoin in both the futures and spot markets could lead to dwindling momentum in the near-term.

For large traders, liquidity in a relatively small market is key. The price of Bitcoin typically moves in extreme cycles because whales seek liquidity at a significantly low or high price point.

When the price of Bitcoin rose from the $9,000 to $10,000 range and rejected it shortly thereafter, BTC absorbed large sell orders primarily on OKEx and BitMEX.

The absorption of sell orders at a pivotal range of resistance and two sharp rejections within a five-day span increases the probability of a continued downtrend.

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How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’ – Bitcoin News

Bitcoin (BTC) is a compelling investment case for patient, long-term investors willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes.

The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by governments during the Covid-19 crisis.

Bitcoin is likely to earn a place alongside gold as a sensible part of many investment portfolios, Huang says in a paper aimed at reaching out to conventional investors, Bitcoin for the open-minded skeptic.

It combines the scarce, money-like nature of gold with the digital transferability of modern currency, he added. At the peak of the virtual currencys adoption curve, central banks may come to view bitcoin as a complement to their existing gold holdings.

Huangs paper is not so much premised on novel insights as it is about mapping a future out of BTCs intrinsic features.

Beyond comparing favorably to some cryptocurrencies for its classic money features such as scarcity (at 21 million coins), portability, and broad accessibility, bitcoin intrinsically improves on traditional assets. Its digital format, programmability, universality, and decentralization are a source of alternative appeal.

Decentralization and immunity to censorship afford BTC holders a special kind of confidence: that bitcoin cannot be devalued by arbitrary monetary policy decisions, and that they will always be able to hold and transfer their bitcoin freely, Huang writes.

This becomes especially important at a time when the markets are unusually exposed to politics, not just benign government interventions but also crisis-related protectionism and bilateral hostilities.

A recurring objection to BTC as an asset class is that it is a bubble but Huang turns the same criticism around in favor of the crypto. Citing Nobel laureate Robert Shiller, he notes that BTC is in good company as gold is also a bubble, being an asset class of no immediate utility but rather valuable for popular conviction about a future value that occasionally pushes the prices up.

Bitcoin bubbles of note, 2011, 2013, 2013-15, and 2017 began with high-conviction investors buying when things were quiet on the front, followed by media attention, speculation, further attention, and investor interest.

Although painful for those involved, each bubble leads to broader awareness and motivates bitcoins underlying adoption, gradually expanding the base of long-term holders who believe in bitcoins potential as a future store of value, Huang explains.

Through successive bubbles, bitcoin reaches greater levels of scale in users, transaction volumes, network security, and other fundamental metrics, he argues.

Bitcoins relative ease of access through in-built financial inclusion mechanisms will be useful in growing its market size as people with eroding currencies are more likely to get the digital asset than they are to get gold or other valuables like art or property.

Political considerations may also work in the cryptocurrencys favor. If foreign governments (some of whom already bristle at their dependence on US dollar forex reserves) begin to adopt bitcoin as a complement to existing gold holdings, the market size for bitcoin could expand significantly, Huang adds without committing to a precise estimate.

Huang contrasts the general optimism of his paper with BTC risks such as volatility and regulation. Volatility, however, aids adoption and may terminate when broad acceptance lead to stability, while regulation can be mitigated by bitcoins decentralized nature.

What do you think about Bitcoins comparisons to gold? Let us know what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Australian Woman Charged With Unlawfully Exchanging Over $3M in Crypto – CoinDesk – CoinDesk

An Australian woman has been charged by New South Wales State Police for unlawfully exchanging millions of dollars-worth of cryptocurrency including bitcoin.

As reported by 9News Australia, detectives from the New South Wales (NSW) Cybercrime Squad charged the unnamed woman after conducting a search of her car outside a shopping center in Burwood, Sydney, on Thursday and discovering AU$60,000 (US$38,736) in cash and 3.8 bitcoin on a hard wallet device.

The chief of the Cybercrime Squad, Detective Superintendent Matt Craft, said it was the first arrest by the team relating to "non-compliant digital currency providers" in the state, and may be the first of its kind in Australia, as per the report.

"This will be the first of many arrests I believe we will make over the coming years and you're being put on notice," Craft said, presumably addressing others conducting unlawful cryptocurrency sales.

The arrest followed a string of enquiries made by the cybercrime unit's Strike Force Kerriwah, which was set up in late 2018 to investigate online money-laundering operations in NSW. The woman, in her 50s, is believed to be involved in a crypto money-laundering syndicate, according to the report.

Investigators with the strike force also seized cryptocurrency wallets with a further AU$18,200 (US$11,749) in bitcoin along with digital storage devices, computers and mobile phones while searching a residential property in Hurtsville, also in Sydney, just after the woman was arrested.

The investigation was in collaboration with AUSTRAC (Australian Transaction Reports and Analysis Centre) and the Australian Criminal Intelligence Commission (ACIC).

The woman has been charged with three counts of knowingly dealing with proceeds of crime and breaching requirement relating to digital currency exchange services. Police said it will be alleged in court the woman has transacted bitcoin valued at more than AU$5 million (US$3.22 million) since 2017.

Amendments to the country's Anti-Money Laundering and Counter-Terrorism Financing Act (2006) were introduced in April 2018. These expanded the purview of the act to include the regulation of cryptocurrency exchanges.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Heres how Bitcoin sentiment changed over the halving – Decrypt

Bitcoin sentiment held strong during the halving, despite a flash crash days prior and a lackluster show of events on the day itself, according to Joshua Frank, co-founder, and CEO of data analytics platform, The Tie.

"The event remains the dominant narrative for Bitcoin. Frank told Decrypt, "The Halving continues to be the most used word in Twitter conversations around Bitcoin, and 65% of the 4,119 tweets over the last 24 hours mentioning the Halving are positive. This is in addition to the more than one and a half thousand tweets using the hashtags #BitcoinHalving and #BitcoinHalving2020 which are both over 70% positive."

Before the halving, Bitcoin sentiment had struck a yearly high. This was shortly before its climb to $10,000 on May 7. Nevertheless, the positivity was short-lived. Sentiment turned sour just two days before Bitcoins big day, when the price suddenly dropped.

"On [May] 9th, as Bitcoins price dropped by over 10%, sentiment fell to its lowest level since Bloody Thursday on March 12th," explained Frank.

Still, despite the negative connotations of a price decline, investors remained resilient, with sentiment bouncing back in a mere 24 hours.

Come the day of the halving, Bitcoin experienced one of the highest numbers of unique Twitter accounts discussing the coin since June 2019second only to its cataclysmic crash on March 12.

More notable, however, was Bitcoins tweet dominancean indicator denoting the percentage of overall cryptocurrency tweets that an individual asset accounts for. According to Frank, on May 11halving dayBitcoins tweet dominance hit its highest point since December 8, 2017.

So while the Bitcoin halving itself was less than eventful, at least sentiment continued to outpace expectations. Which is more than can be said for the price.

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The lack of women in cybersecurity leaves the online world at greater risk – Kiowa County Press

Women bring a much-needed change in perspective to cybersecurity. Maskot/Maskot via Getty Images

Nir Kshetri, University of North Carolina - Greensboro

Women are highly underrepresented in the field of cybersecurity. In 2017, women's share in the U.S. cybersecurity field was 14%, compared to 48% in the general workforce.

The problem is more acute outside the U.S. In 2018, women accounted for 10% of the cybersecurity workforce in the Asia-Pacific region, 9% in Africa, 8% in Latin America, 7% in Europe and 5% in the Middle East.

Women are even less well represented in the upper echelons of security leadership. Only 1% of female internet security workers are in senior management positions.

I study online crime and security issues facing consumers, organizations and nations. In my research, I have found that internet security requires strategies beyond technical solutions. Women's representation is important because women tend to offer viewpoints and perspectives that are different from men's, and these underrepresented perspectives are critical in addressing cyber risks.

The low representation of women in internet security is linked to the broader problem of their low representation in the science, technology, engineering and mathematics fields. Only 30% of scientists and engineers in the U.S. are women.

The societal view is that internet security is a job that men do, though there is nothing inherent in gender that predisposes men to be more interested in or more adept at cybersecurity. In addition, the industry mistakenly gives potential employees the impression that only technical skills matter in cybersecurity, which can give women the impression that the field is overly technical or even boring.

Women are also generally not presented with opportunities in information technology fields. In a survey of women pursuing careers outside of IT fields, 69% indicated that the main reason they didn't pursue opportunities in IT was because they were unaware of them.

Organizations often fail to try to recruit women to work in cybersecurity. According to a survey conducted by IT security company Tessian, only about half of the respondents said that their organizations were doing enough to recruit women into cybersecurity roles.

Gender bias in job ads further discourages women from applying. Online cybersecurity job ads often lack gender-neutral language.

Boosting women's involvement in information security makes both security and business sense. Female leaders in this area tend to prioritize important areas that males often overlook. This is partly due to their backgrounds. Forty-four percent of women in information security fields have degrees in business and social sciences, compared to 30% of men.

Female internet security professionals put a higher priority on internal training and education in security and risk management. Women are also stronger advocates for online training, which is a flexible, low-cost way of increasing employees' awareness of security issues.

Female internet security professionals are also adept at selecting partner organizations to develop secure software. Women tend to pay more attention to partner organizations' qualifications and personnel, and they assess partners' ability to meet contractual obligations. They also prefer partners that are willing to perform independent security tests.

Increasing women's participation in cybersecurity is a business issue as well as a gender issue. According to an Ernst & Young report, by 2028 women will control 75% of discretionary consumer spending worldwide. Security considerations like encryption, fraud detection and biometrics are becoming important in consumers' buying decisions. Product designs require a trade-off between cybersecurity and usability. Female cybersecurity professionals can make better-informed decisions about such trade-offs for products that are targeted at female customers.

Attracting more women to cybersecurity requires governments, nonprofit organizations, professional and trade associations and the private sector to work together. Public-private partnership projects could help solve the problem in the long run.

A computer science teacher, center, helps fifth grade students learn programming. AP Photo/Elaine Thompson

One example is Israel's Shift community, previously known as the CyberGirlz program, which is jointly financed by the country's Defense Ministry, the Rashi Foundation and Start-Up Nation Central. It identifies high school girls with aptitude, desire and natural curiosity to learn IT and and helps them develop those skills.

The girls participate in hackathons and training programs, and get advice, guidance and support from female mentors. Some of the mentors are from elite technology units of the country's military. The participants learn hacking skills, network analysis and the Python programming language. They also practice simulating cyber-attacks to find potential vulnerabilities. By 2018, about 2,000 girls participated in the CyberGirlz Club and the CyberGirlz Community.

In 2017, cybersecurity firm Palo Alto Networks teamed up with the Girl Scouts of the USA to develop cybersecurity badges. The goal is to foster cybersecurity knowledge and develop interest in the profession. The curriculum includes the basics of computer networks, cyberattacks and online safety.

Professional associations can also foster interest in cybersecurity and help women develop relevant knowledge. For example, Women in Cybersecurity of Spain has started a mentoring program that supports female cybersecurity professionals early in their careers.

Some industry groups have collaborated with big companies. In 2018, Microsoft India and the Data Security Council of India launched the CyberShikshaa program in order to create a pool of skilled female cybersecurity professionals.

Some technology companies have launched programs to foster women's interest in and confidence to pursue internet security careers. One example is IBM Security's Women in Security Excelling program, formed in 2015.

Attracting more women to the cybersecurity field requires a range of efforts. Cybersecurity job ads should be written so that female professionals feel welcome to apply. Recruitment efforts should focus on academic institutions with high female enrollment. Corporations should ensure that female employees see cybersecurity as a good option for internal career changes. And governments should work with the private sector and academic institutions to get young girls interested in cybersecurity.

Increasing women's participation in cybersecurity is good for women, good for business and good for society.

[Insight, in your inbox each day. You can get it with The Conversation's email newsletter.]

Nir Kshetri, Professor of Management, University of North Carolina - Greensboro

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Internet security Market Research Report 2020 By Size, Share, Trends, Analysis and Forecast to 2026 – Cole of Duty

Dell (SonicWall). Symantec and IBM

Internet security Market Competitive Analysis:

In addition, the projections offered in this report were derived using proven research assumptions and methods. In this way, the Internet security research study offers a collection of information and analysis for every facet of the Internet security market such as technology, regional markets, applications and types. The Internet security market report also offers some market presentations and illustrations that include pie charts, diagrams and charts that show the percentage of different strategies implemented by service providers in the Internet security market. In addition, the report was created using complete surveys, primary research interviews, observations and secondary research.

In addition, the Internet security market report introduced the market through various factors such as classifications, definitions, market overview, product specifications, cost structures, manufacturing processes, raw materials and applications. This report also provides key data on SWOT analysis, return data for investments and feasibility analysis for investments. The Internet security market study also highlights the extremely lucrative market opportunities that are influencing the growth of the global market. In addition, the study offers a complete analysis of market size, segmentation and market share. In addition, the Internet security report contains market dynamics such as market restrictions, growth drivers, opportunities, service providers, stakeholders, investors, important market participants, profile assessment and challenges of the global market.

Internet security Market Segments:

The report also underscores their strategics planning including mergers, acquisitions, ventures, partnerships, product launches, and brand developments. Additionally, the report renders the exhaustive analysis of crucial market segments, which includes Internet security types, applications, and regions. The segmentation sections cover analytical and forecast details of each segment based on their profitability, global demand, current revue, and development prospects. The report further scrutinizes diverse regions including North America, Asia Pacific, Europe, Middle East, and Africa, and South America. The report eventually helps clients in driving their Internet security business wisely and building superior strategies for their Internet security businesses.

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Table of Content

1 Introduction of Internet security Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Internet security Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Internet security Market, By Deployment Model

5.1 Overview

6 Internet security Market, By Solution

6.1 Overview

7 Internet security Market, By Vertical

7.1 Overview

8 Internet security Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Internet security Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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Internet security Market Research Report 2020 By Size, Share, Trends, Analysis and Forecast to 2026 - Cole of Duty

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The best antivirus protection of 2020 for Windows 10 – CNET UK

If you're running Windows 10, it's not a bad idea to be aware of the best antivirus software options that are available to you. There is also a lot you can to in order to keep Windowssecureand protect your privacy, including keeping yourWindows softwareup to date, avoiding mysterious emails or messages, not giving out your personal info, avoiding questionable URLs and download apps from shady sites and making sure you use secure passwords.

You can also take a few extra internet security steps to make sure you're safe online with a PC: Use aVPNto protect your internet traffic, apassword managerto keep track of login credentials and anend-to-end encrypted messaging appto keep people from spying on your communications.

But if you are looking for legitimate antivirus suite to keep your Windows device secure, a good first step is to run the best antivirus software. The best antivirus suite and antivirus tools monitor your app downloads and watch for malicious software and suspicious software behavior.

And here's the first important thing for you to know about the best antivirus software and antivirus products: Microsoft Defender -- the free antivirus program and internet security software that comes free withWindows 10 and until recently was called MicrosoftWindows Defender -- does a fine job of protecting your PC and providing internet security. (Amazingly, Microsoft provided no built-in protection for Windows back in the days of Windows 98 and XP.) Using Microsoft Defender should be your starting point for the best antivirus security on Windows, and most users will find they don't need to go any further.

However, you can make the case that the Windows security ecosystem is healthier when users don't depend on just one company for protection from a virus or malware. If you favor robust platform diversity, you can easily find solid virus or malware protection from third-party security companies that are up to the task of guarding your PC for free. And most let you also protect all your devices with an annual subscription -- though, it's important to note, that's largely unnecessary outside the Windows realm.

To that end, we've put together a list of the best antivirus products for Windows, encompassing both free antivirus programs and subscription options. These picks of the best antivirus programs are a combination of recommendations from independent third-party labs AV-Test and AV-Comparatives as well as our hands-on testing.

Note that the free and paid security services discussed here are independently chosen by our editors. We're in the process of updating this full list, so check back for an update.

Update, Oct. 21: This list previously included Avast's antivirus as an alternate free choice, but we've pulled that recommendation in light of a report fromAvast that its internal network was breached this year, possibly to insert malware into its CCleaner software. This is the second such security issue from Avast in under 3 years.

Looking for free antivirus protection or virus detection, willing to pay for an antivirus solution that offers broad coverage across all your devices, including from ransomware and phishing, or needing to remove a virus ormalware from your PC right now? Here's where to start.

Free version? Yes, built into Windows 10

Paid version:Windows Defender Advanced Threat Protectionis available to corporate users for a fee

Honestly, if you consistently practice safe computing -- you keep your software up to date, you use strong passwords (with the help of password manager) and you steer clear of unexpected emails and links -- you probably can stay clear of zero-day attacks and ransomware attacks. And with Microsoft's free Microsoft Defender Antivirus software running on Windows 10, you have a safety net if you do let your guard down. (Note that Microsoft recently changed the name of Windows Defender to Microsoft Defender and has expanded the service to other platforms.) This antivirus program is literally built into Windows -- just leave it turned on (it is by default) and let it do its thing and this will cover the basics. Microsoft pushes new updates daily.

Read more: The best password managers and how to use them

Platforms:Windows 10 plus MacOS, Android, iOS

Cost:$100 per year for five devices, on sale for $60

For a long time, respected security company Norton Security from Symantec, now called NortonLifeLock, hasearned high marksfrom AV-Test for virus and malware detection. A five-device antivirus software subscription via Norton Security is normally $99.99, but you can sign up for $59.99 to get coverage across PCs, Macs, Android devices, and iPhones and iPads. (But note, again, that we don't think antivirus protection is terribly useful outside the Windows realm.) In addition to malware and virus protection, you get 100GB of automatic backup to the cloud, safe-browsing tools, a VPN, an easy device management via a web-browser console and LifeLock identity-theft protection.

Read more: The guide to password security (and why you should care)

Platforms: Windows 10 plus MacOS, Android

Free version? Yes, after 14-day trial expires

Paid version: $40 per year for one device, $60 per year for three devices

Malwarebytes does protect your PC from a virus or malware, scoring wellin recent independent testing for guarding against malware infections. But that's not really what Malwarebytes is known for. If you find yourself in trouble, the go-to disinfectant for many is Malwarebytes. You can get protection and disinfection for one device for $40 a year. To cover 10 devices -- any combination of Windows, MacOS and Android -- it's $130. To get the free antivirus software version, download this trial version, which "downgrades" to a no-fee on-demand cleaner with fewer features that detects and removes viruses and malware when you run an on-demand scan.

Read more: Special report: A winning strategy for cybersecurity (free PDF) (TechRepublic)

In addition to the three antivirus apps we recommend above, a handful of other anti-malware tools are worth considering among the best antivirus protection if you find them at a better price or prefer to use one over our picks above.

Platform: Windows

Free version?Yes

Paid version:$80 per year for three PCs; $120 Family Pack per year for 15 devices

If you'd like to take a step up in securing your PC without taxing your wallet, it's hard to beat Bitdefender's free antivirus software for Windows 10. The Windows security software offers real-time monitoring for viruses, malware and spyware and ransomware protection. Bitdefender Antivirus Free Edition is easy to set up and stays out of your way until you need it. And the protection it offers is solid. Bitdefenderconsistently earns top marks for its antivirus protection and usability from the respected AV-Test independent testing lab. The free antivirus version covers one Windows PC. For broader protection, Bitdefender Internet Security is $80 MSRP and available at the moment for$45. It lets you protect three computers, set up parental controls on a kid's computer and run a VPN. To protect every device you own, the Bitdefender Family Pack can secure 15 total device -- Windows, Android, iOS and MacOS -- in your home for $120 MSRP and discounted to$60right now.

Read More: This is the best free password manager

Platforms:Windows 10 plus MacOS, Android, iOS

Cost:$120 per year for 10 devices, on sale for $45

It feels like the company has been around forever, first on its own in the '80s, then as part of Intel starting in 2010, and then again on its own when Intel spun it off in 2017. And it's been around forever because quarter after quarter it creates solid security software that protects your PC. (In recent evaluations by AV-Test it had perfect scores on detecting 0-day attacks and blocking current widespread viruses and malware.) McAfee Total Protection antivirus software guards against viruses and offers ransomware protection, wards off shady websites, includes a password manager and lets you manage all your protected devices through web console. A 10-device subscription is normally $120 MSRP, but currently is $45 for any combination of Windows, MacOS, Android and iOS devices.

Read more: 6 steps to secure your Windows 10 machine

Platforms:Windows 10 plus MacOS, Android, iOS

Cost:$90 per year for 10 devices, on sale for $50

Maybe not as well known to consumers because of its focus on enterprise security, Trend Micro quietly brings its business expertise to the home with its Trend Micro Maximum Security antivirus software. Trend Micro's software earns high marks fromAV-Test-- scoring 100 percent of detecting 0-day attacks and widespread viruses and malware. And Trend Micro does a good job of not taxing system resources. Trend Micro's 10-device subscription for computers and mobile devices is $90 MSRP but discounted currently at $50.

Read more: This is the browser you'll want if you care about online privacy

Platform:Windows

Cost:$59 per year for three PCs

If you are looking for something easy to set up and use, ESET NOD antivirus may meet your needs. It earnstop scoresfor usability and offers solid virus protection. And its Android antivirus gets top marks in third-party tests.

Because the company has been in the news the past few years, let's talk about Kaspersky Lab -- specifically about the federal ban that blocks US government agencies from using Kaspersky products.

Based in Moscow, Kaspersky Lab has for years produced some of the best antivirus software for business antivirus needs and home customers. But in 2017 the US government prohibited Kaspersky software on federal government computers because of alleged ties between Kaspersky and the Russian government.

Notably, the ban does not apply to its consumer products. But, like China-based Huawei, the question remains: If the federal government doesn't think the products are safe enough for its own devices, should consumers avoid it as well?

In a statement sent to CNET, the company said, "Kaspersky Lab has no ties to any government, and the company has never, nor will ever, engage in cyber offensive activities. Kaspersky Lab maintains that no public evidence of any wrongdoing has been presented by the U.S. Government, and that the U.S. government's actions against Kaspersky Lab were unconstitutional."

In Kaspersky's favor, it continues toearn top scores and awards for virus and malware detection and endpoint security from independent testing labs. And it's reasonably priced, with basic antivirus protection for three devices running $30 a year, or blanket protection for 10 devices -- with Kaspersky Total Security -- for $75 a year. In comparison, the Webroot SecureAnywhere AntiVirus program costs $37.50 per year for three devices -- and a single device on Webroot SecureAnywhere AntiVirus costs $30 a year.

In the end, even though no one has ever publicly produced a "smoking gun" linking the company to Russian intrigue, we think any of the options listed above are a safer bet. And, if you are a US government employee or work with the federal government, you'll want to steer clear of Kaspersky.

Picking the best antivirus software for Windows means finding one that keeps your PC safe, doesn't take up a lot of system resources, is easy to use and stays out of the way till you need it. Here's what to look for.

Effectiveness. Antivirus scans for a known virus and malware, of course, and can offer real-time protection. And it watches for shady websites and suspicious links to keep you out of trouble. It can also offer ransomware protection and monitor unexpected behavior that may be a sign of new and not-yet-identified viruses and malware. You want antivirus that can successfully identify these unknown online threats without flagging too many false positives.

Light on system resources. You don't want antivirus that taxes your PC's resources. If after you install antivirus, websites open slowly, apps download or open sluggishly, or file copies take longer than expected, you may want to try another service. The good news is, all our picks offer a free trial to let you try out the antivirus program, so if your system feels sluggish after you install antivirus solutions, you may want to keep looking.

Cost and discounts. Don't just pay the sticker price for antivirus. Before you buy, check for discounts on a company's website. Another way to save: The prices we list above are for 10 devices -- if the company offered that package -- but you can trim your cost with antivirus packages if you need to cover just three or five devices. You may also find discounts on an app's Amazon page.

Privacy. To be effective, antivirus software needs to monitor what's going on with your PC and check in with company servers about unusual behavior. The companies say they anonymize this technical data as much as possible to protect your privacy. But if you want to know more, the security companies on our list post privacy policies on their websites, so read their privacy statement to learn what the companies do with the information you share.

Protection for other platforms. Microsoft is by far the biggest target for viruses and malware. But Android is second, with the largest threat coming from sideloaded apps -- those you install outsideGoogle's Play Store. Google said in the last quarter of 2018, 0.99 percent of apps installed outside the Play Store were a potentially harmful app, or PHA. For those installed from the Play Store, the number drops to 0.042 percent. To stay safe, we do not recommend sideloading apps, but sometimes, like with Fortnite, you might want to. In that case, running virus and malware protection from a trusted security company is not a bad idea.

The threat to MacOS and especially iOS are low, in part because of the tight control Apple has over its app stores. While the Macdoes rarely come under attackvia sideloaded apps, if you download apps only from the Mac and iOS app stores, and keep your guard up when clicking links and download files, you should be OK without an antivirus app on Apple devices.

Read more:20 pro tips to make Windows 10 work the way you want (free PDF)(TechRepublic)

Originally published earlier. Updated to clarify Norton pricing details and LifeLock service options, and to note the removal of the earlier Avast recommendation.

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The best antivirus protection of 2020 for Windows 10 - CNET UK

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Bill Proposes to Incentivize Cybersecurity Innovations With Cash Prizes – Nextgov

A bipartisan group of senators proposed a bill that would instruct the Commerce Secretary to establish competitions and award prizes for meeting grand challenges in cybersecurity.

The Cyber Leap Act of 2020introduced Wednesday by Senate Commerce Committee Chairman Roger Wicker, R-Miss., Sen. Cory Gardner, R-Colo., and Jacky Rosen, D-Nev.would allow Commerce to crowdsource funding for the challenges from other federal agencies, state, local and tribal governments as well as private sector entities and nonprofits.

The bill is based on a report that executives from firms such as Palo Alto Networks put together in 2018 outlining a grandiose plan to make the internet safe and secure in 10 years.

The 2018 report spawning the legislation was issued by the Presidents National Security Telecommunications Advisory Committee. A moonshot subcommitteeco-chaired by Mark McLaughlin, chairman of the board for Qualcomm and vice chairman of the board at Palo Alto Networks, and Peter Altabef, chairman and CEO of Unisyshoped to inspire Congressional funding levels and a national effort similar to those that enabled the U.S. to put men on the moon.

Palo Alto Networks is proud to help lead the development of the Cybersecurity Moonshot initiative, and we look forward to working with Congress as it considers how to strengthen internet security, Ryan Gillis, the companys vice president of cybersecurity strategy and global policy, said reacting to the bills introduction. Thank you Chairman Wicker, Senator Rosen, and Senator Gardner for your leadership on this important issue.

The bill calls for the establishment of grand challenges around making it more costly to conduct cyberattacks; elevating digital literacy so that Americans make better security decisions there is a workforce capable of protecting system; advancing cybersecurity responses to emerging technology such as quantum computing; re-imagining digital identity so that security is more integrated into everyday activities; and improving federal agencies responses to cyber incidents.

It also gives the Commerce Secretary freedom to come up with other ideas while collaborating with agencies such as the National Science Foundation and the Cybersecurity and Infrastructure Security Agency.

The bill doesnt include any details on the size of the prizes or how they would be awarded.

Nextgov first reported the bill would be coming from the RSA cybersecurity conference earlier this year.

Someones gonna get a prize somehow, Bradford Willke, CISAs acting director of stakeholder engagement and cyber infrastructure resilience, said about the initiative then.

Supporters of the moonshot initiative say the grand challenges are a way to democratize problem-solving for cybersecurity.

Originally posted here:
Bill Proposes to Incentivize Cybersecurity Innovations With Cash Prizes - Nextgov

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