Cybersecurity Company Tenable Soars in Public Debut
*By Bridgette Webb*
With midterm elections fast approaching, many in [Washington](https://www.washingtonpost.com/news/powerpost/paloma/the-cybersecurity-202/2018/07/30/the-cybersecurity-202-the-fight-over-election-security-comes-to-the-senate-floor/5b5dd0ad1b326b0207955e1b/?noredirect=on&utm_term=.b1ac3187ea55) have cybersecurity on the brain.
Amit Yoran, CEO of cybersecurity firm Tenable, admits it's a dangerous moment.
"There are no shortage of threat actors out there, whether it's a nation-state or cybercriminal," Yoran said in an interview with Cheddar on Thursday.
But, Yoran added, the solution is clear.
"It doesn't matter who these actors are, the key to cybersecurity is making sure your systems are up to date. Cybersecurity is the greatest challenge of our time."
It's a sentiment that both those in the capital and on Wall Street seem to share. Tenable took to the public markets on July 26 and ended the day up 30 percent.
Tenable allows companies to quantify in dollars the damage that could be caused by various types of security breaches. In recent months, the company has amassed more than 24,000 customers in 160 countriesーincluding government agencies and 53 percent of Fortune 500 companies .
The company raised $240 million in its IPO, which Yoran said he plans on putting to good work.
"The company is going to continue investing in distribution and in our sales team to make sure we are bringing our technologies to the market."
For more on this story [click here](https://cheddar.com/videos/tenable-soars-on-market-debut).
Bitcoin received its first update in four years called Taproot. Unlike the previous bitcoin update in 2017, Taproot has widespread support — in part because these changes involve fairly incremental improvements to the code. Christie Harkin, tech managing editor at CoinDesk, explained what the move could mean for the future of cryptocurrencies as a whole.
Snap has announced a licensing deal with Sony Music, giving its social media platform Snapchat access to the label's entire catalog. The deal now gives the company agreements with all of the major industry labels.
Jay-Z's Roc Nation is teaming up with The Reform Alliance to host a job fair at Madison Square Garden later this week. The event is aimed at helping disadvantaged people in NYC, including single parents and the formerly incarcerated, get jobs in the city. Participating companies include Zara, Amazon, Live Nation, VICE, and a slew of others. Dania Diaz, Managing Director, Roc Nation, joined Cheddar's Opening Bell to discuss what attendees can expect.
Kyndryl isn't wasting any time as an independent company. Just over a week after spinning off from IBM, the IT infrastructure services provider has announced its first global strategic partner in Microsoft. The two tech giants are coming together to form a new kind of power duo, creating multi-billion dollar revenue opportunities between the companies. Stephen Leonard, global alliances & partnerships leader for Kyndryl, told Cheddar more about the partnership and what it aims to achieve.
Eric Diton, President & Managing Director of The Wealth Alliance, discusses why inflation remains a long-term headwind for the market and what it means for consumer spending for the rest of the year.
Francis Oh, APAC CEO at Qraft Technologies, discusses how inflationary pressures could impact corporate earnings, and why the electric vehicle market is one to watch as ESG investing picks up.
Bitcoin has successfully activated Taproot, the cryptocurrency's first major upgrade since 2017 and a highly anticipated change to the blockchain. Taproot will introduce what's known as Schnorr signatures, which will help transactions become more private, efficient and perhaps even less expensive. Robert Hackett, a cryptocurrency expert and journalist, breaks down the new upgrade and what it means for bitcoin users.
Jharonne Martis, director of consumer spending at Refinitiv, joined Wake Up With Cheddar's Brad Smith to break down positive earnings results from Home Depot and Walmart. Martis also discussed what October's retail sales data means for the upcoming holiday season.
The housing market is hot right now - so hot it was too much for Zillow to handle. While the pandemic is playing a major part in that, now it has reached a point where houses on average are only on the market for about a week before being sold. Cheddar News was joined by Tushar Garg, CEO and Co-Founder of Flyhomes to talk about how this came to be and what comes next.