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Monday, March 2, 2020
Hyderabad Techie With Coronavirus Came in Contact With at Least 80 People
Google's self-driving unit Waymo raises $2.25B in its first external investment
Procore, provider of construction management software, files for IPO, reveals revenue of $289.2M in 2019, up 55% YoY, on net loss of $83.1M vs. $56.7M in 2018 (Mary Ann Azevedo/Crunchbase News)
Mary Ann Azevedo / Crunchbase News:
Procore, provider of construction management software, files for IPO, reveals revenue of $289.2M in 2019, up 55% YoY, on net loss of $83.1M vs. $56.7M in 2018 — Late Friday afternoon, construction management software provider Procore Technologies filed an S-1 with the U.S. Securities and Exchange Commission.
Report: senior management at Apple rebuffed some operations execs' suggestion to relocate part of its manufacturing from China to Vietnam as early as 2015 (Juli Clover/MacRumors)
Juli Clover / MacRumors:
Report: senior management at Apple rebuffed some operations execs' suggestion to relocate part of its manufacturing from China to Vietnam as early as 2015 — Production on Apple's devices has been stymied in recent weeks due to delays caused by the coronavirus outbreak in China.
Apple to Pay Up to $500 Million to Settle US Lawsuit Over Slow iPhones
Documents Show Huawei Role in Shipping Prohibited US Gear to Iran
Gaja Capital, L Catterton eye 40% stake in Zivame
PM Narendra Modi mulls giving up social media on March 8
Twitter asks employees to work from home due to coronavirus threat
At 7 minutes, wait for an Uber cab is longest in Bengaluru
Twitter asks employees to work from home due to coronavirus threat
BMC to acquire its longtime mainframe software competitor Compuware from Thoma Bravo for an undisclosed sum; Thoma Bravo bought Compuware in 2014 for $2.4B (Natalie Gagliordi/ZDNet)
Natalie Gagliordi / ZDNet:
BMC to acquire its longtime mainframe software competitor Compuware from Thoma Bravo for an undisclosed sum; Thoma Bravo bought Compuware in 2014 for $2.4B — Together they plan to focus on mainframe operations, cybersecurity, application development, data, and storage.
Cloud gaming services are raising questions of licensing and platform control, as Nvidia's GeForce Now service encounters some publisher and developer pushback (Nick Statt/The Verge)
Nick Statt / The Verge:
Cloud gaming services are raising questions of licensing and platform control, as Nvidia's GeForce Now service encounters some publisher and developer pushback — The cloud gaming service is controversial among developers. Here's why — Nvidia's GeForce Now took yet another hit …
Legal services giant Epiq Global offline after ransomware attack
Legal services giant Epiq Global has been hit by a ransomware attack.
The law firm, which provides legal counsel and administration that counts banks, credit giants, and governments as customers, confirmed the attack hit on February 29.
“As part of our comprehensive response plan, we immediately took our systems offline globally to contain the threat and began working with a third-party forensic firm to conduct an independent investigation,” a company statement read. “Our technical team is working closely with world class third-party experts to address this matter, and bring our systems back online in a secure manner, as quickly as possible.”
The company’s website, however, says it was “offline to perform maintenance.”
A source with knowledge of the incident but who was not authorized to speak to the media said the ransomware hit the organization’s entire fleet of computers across its 80 global offices. According to an internal communication sent to staff that was obtained by TechCrunch, the law firm said staff should “not go” to their local offices without managerial approval. Staff in offices were advised to avoid connecting any device to the network. The communication also said that staff should “turn off the Wi-Fi on your laptop before entering the parking lot of the building” in an effort to prevent the spread of the ransomware.
Many of the computers were running old versions of Windows, the source said. “Nothing is up to date,” the source said.
The source came forward because, in their words, “we were told not to tell clients anything until we are back in.”
It’s not immediately clear which kind of ransomware was used in the attack, but Epiq Global said in its statement that there was “no evidence” that data was stolen. Although ransomware typically infects computers, spreads, and encrypts files across a network in exchange for a ransom, some newer and more advanced ransomware families also exfiltrated corporate data before encrypting the files and threatened to publish the files unless a ransom is paid.
Just this week, Visser, a parts manufacturer for Tesla and SpaceX, was hit by a more advanced, data exfiltrating ransomware. A portion of the files stolen from the company were published by the ransomware group.
Epiq spokesperson Catherine Ostheimer declined to disclose the details of the ransomware, nor did she provide a percentage of the data or computers impacted by the attack. Ostheimer also declined to confirm the contents of the email obtained by TechCrunch.
None of our specific questions were addressed, including if the law firm had contacted its clients impacted by the attack.
“Our offices globally are open for business and we’re working with third party experts to address this matter, and to bring our systems back on line in a secure way as quickly as possible,” the spokesperson said.
Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)
Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...
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Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
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