Chinese state-sponsored hacking group HAFNIUM pillaged user inboxes which use Microsoft Exchange Server

In a statement, Microsoft cyber security experts along with cyber security experts from outside of the company said, a cyberespionage group from China has been remotely plundering email inboxes using 0-day exploits in Microsoft mail server software. In a blog post Microsoft said, the cyber-espionage group dubbed as HAFNIUM, a state-sponsored entity operating out of…

U.S. International Trade Commission probing select devices made by Lenovo Group Ltd and Samsung Electronics Co Ltd

In a statement the U.S. International Trade Commission stated, it was probing certain LTE-compliant cellular devices made by China’s Lenovo Group Ltd owned Motorola Mobility and by Samsung Electronics Co Ltd, following a complaint. On February 1, 2021, an investigation was launched following a complaint filed by Austin, Texas-based Evolved Wireless LLC alleging infringement of…

Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

TikTok’s owner ByteDance agrees to settle $92M class-action lawsuit

According to a document filed in the U.S. District Court in Illinois, China’s ByteDance has agreed to settle a $92 million class-action lawsuit from U.S. TikTok users who had alleged data privacy concerns. ByteDance, TikToko’s owner, has agreed to the settlement after more than a year of litigation. “While we disagree with the assertions, rather…

Taiwanese chip producer Foxconn ramps up interest in EVs, announces deal with Fisker Inc

On Thursday, shares of Foxconn rose by 4.5% after the company announced that it will collaborate with Fisker Inc to produce more than 250,000 electric vehicles a year, starting from late 2023. Over the last 1 year, Taiwan based Foxconn has ramped up interest in electric vehicles and has announced deals with Stellantis NV’s Fiat…

SolarWinds hack was the largest and most sophisticated cyber attack to date: Microsoft president

In a statement, Microsoft Corp’s President Brad Smith said, the SolarWinds hacking campaign that used the U.S. tech company as a springboard to compromise many U.S. government agencies is “the largest and most sophisticated attack the world has ever seen”. The hacking campaign, identified in December 2020, was allegedly orchestrated by China and Russia, had…

No specific timetable for review of TikTok and other Chinese tech companies: White House

In a statement the White House said, the Bidden Administration has not set a specific timetable for reviewing TikTok and other issues related to Chinese technology companies; further, the administration is also not undertaking any new proactive new steps now. The development marks a softening of U.S. approach towards China. According to two sources briefed…

General Motors and SAIC Motor Corp file joint anti-monopoly complaint against Tencent

On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…