The ‘average’ Robinhood trader is no match for the S&P 500, just like Buffett

Robinhood users simply can’t catch a break. First, a series of interruptions rocked the platform on some of the most volatile days in stock market history, for which the company offered only lacklustre subscription discounts. Now, fresh analysis has shown that the average Robinhood trader hasn’t just underperformed in 2020 — they’ve also posted 6.2% fewer returns…

New USBCulprit Espionage Tool Steals Data From Air-Gapped Computers

A Chinese threat actor has developed new capabilities to target air-gapped systems in an attempt to exfiltrate sensitive data for espionage, according to a newly published research by Kaspersky yesterday. The APT, known as Cycldek, Goblin Panda, or Conimes, employs an extensive toolset for lateral movement and information stealing in victim networks, including previously unreported…

Newly Patched SAP ASE Flaws Could Let Attackers Hack Database Servers

A new set of critical vulnerabilities uncovered in SAP’s Sybase database software can grant unprivileged attackers complete control over a targeted database and even the underlying operating system in certain scenarios. The six flaws, disclosed by cybersecurity firm Trustwave today, reside in Sybase Adaptive Server Enterprise (ASE), a relational database management software geared towards transaction-based…

This $350M ‘quant fund’ played the stock market using real-time data — then 2020 happened

Coatue’s $350 million data-driven ‘quant fund’ made a swift exit from the market in early April — having realised the coronavirus pandemic had rendered its algorithm unreliable, Business Insider reports. The tech-focused fund, launched by billionaire Philippe Laffont just over one year ago, joins a growing list of “quant funds” to have failed to turn a…