π Google's $23B Deal, Apple Approves Emulator, AT&T's Hacker Payoff
Good morning. Itβs Monday, July 15. Today we are covering:
Google Near $23 Billion Deal for Cybersecurity Startup Wiz
After initially rejecting it, Apple has approved the first PC emulator for iOS
AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records
Helixx wants to bring fast-food economics and Netflix pricing to EVs
India targets China's dominance in mobile phones
Letβs dive in
Google Near $23 Billion Deal for Cybersecurity Startup Wiz
By Lauren Thomas via WSJ
Google is reportedly close to acquiring the cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date.
The deal, still in advanced discussions, could be finalized soon unless negotiations falter.
This acquisition highlights Google's significant investment in enhancing its cybersecurity capabilities.
π: Googleβs largest acquisition of all time being a cybersecurity startup (Motorola was $12.5B) is a testament to how bad things are on the security front across the industry as I mentioned a few days ago. Itβs also an opportunity to attack Microsoftβs recent public failures. - Dare Obasanjo (@Carnage4Life)
After initially rejecting it, Apple has approved the first PC emulator for iOS
By Wes Davis via The Verge
Apple has approved UTM SE, an app that emulates PCs to run classic software and games on iOS devices, reversing an earlier decision to reject it.
The UTM SE emulator supports multiple platforms including Windows, Mac OS 9, and Linux, and is designed for both graphics and text-only operating systems.
This app, which is built from QEMU and supports architectures like x86, PPC, and RISC-V, allows users to run pre-built machines or create their own setups from scratch.
π: Apple has approved the first PC emulator for iOS. UTM SE can run classic software and old-school games for Windows, Mac OS 9, and Linux on your iPhone - Tom Warren (@tomwarren)
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AT&T Paid a Hacker $370,000 to Delete Stolen Phone Records
By Kim Zetter via WIREDΒ
AT&T paid a hacker from the ShinyHunters group $370,000 in bitcoin to delete stolen call records of millions of its customers and provide proof of the deletion.
The hacker, believed to be part of a widespread breach involving unsecured Snowflake cloud storage accounts, initially demanded $1 million but settled for about a third.
Despite the deletion, risks linger as the data may have been shared with others before it was erased; AT&T learned about the breach indirectly through a security researcher known as Reddington.
π: AT&T paid hackers $370,000 to delete call records stolen from its Snowflake account. They provided video to AT&T showing deletion. It's believed to be the only complete set of the data stolen, though the hackers shared small snippets with a few people - Kim Zetter (@KimZetter)
Helixx wants to bring fast-food economics and Netflix pricing to EVs
By Tim Stevens via TechCrunchΒ
Helixx, co-founded by Steve Pegg, aims to revolutionize the EV market with a new model inspired by fast-food franchise economics and a Netflix-like subscription service, featuring their 3D printed delivery van, Daisy.
The company plans to deploy scalable, pop-up factories in major cities, producing simple, modular EVs with a multi-tiered revenue model that involves manufacturing, supply chain management, and data services.
Helixx's approach includes selling licenses for factory setups and vehicle production, emphasizing volume and efficiency with a potential production rate of 100,000 vehicles per year from a relatively small factory space.
India targets China's dominance in mobile phones
By Priti Gupta via BBC
Most mobile phones sold in India are now locally manufactured, with significant contributions from companies like Foxconn, Samsung, and rising local player Micromax.
Micromax, which started in 2008, faces intense competition from Chinese firms, which have advantages in production scale and local sourcing.
The Indian government's Production Linked Incentive (PLI) Scheme aims to boost local component production from 20% to 40%, positioning India as a future global manufacturing hub for mobile phones.
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