SolarWinds products have been injected with malicious code by state-backed hackers

In a statement, SolarWinds, an IT company said, monitoring products that it had released earlier this year in March and in June may have been surreptitiously tampered with in a “highly-sophisticated, targeted and manual supply chain attack by a nation state.” The statement by SolarWinds comes even as the U.S. intelligence community is investigating cyber…

India takes resolute trade action to defend consumer data from harvesting Chinese apps

With India taking legal resolute measures to fight China’s harvesting of consumer data through apps and promptly banning those which do not comply to its security standards, China is starting to feel the pinch of loss of business and has opposed New Delhi’s move. The development comes in the wake of China making belligerent claims…

Cloud security startup SentinelOne’s valuation touches $3 billion in latest funding round

In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…

Google to provide $1.1 Million grans and loans to businesses in MENA regions to improve digital skills

In a statement, Alphabet Inc’s Google said, it plans on providing grants worth $1.1 million to help businesses in the Middle East and North Africa towards improvements of their digital skills as well as to get them connected to the internet. In a presentation, Google said, it will also provide $3 million in loans to…

Elon Musk to spin off SpaceX IPO once revenue growth becomes steady, predictable

Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…

Facebook’s messaging apps to be affected in Apple’s new OS for phones

Apple’s new operating system for mobile phones will restrict background access to apps for making internet calls. WhatsApp and Facebook Messenger will be affected. According to a report from The Information, Apple Inc is making changes to its mobile operating system which will restrict voice calls over the internet. Apps such as Facebook Inc’s Messenger…

SoftBank & Alphabet join hands to increase coverage of internet in underserved areas

While there are several competitors in the fray to provide internet access to underserved areas, SoftBank and Alphabet opine collaboration could be the key to their solution gaining wider traction and broader adoption. In a significant development, SoftBank Corp stated, it will be investing $125 million in one of Alphabet Inc’s spinoff working to find…

Cyber security provider Palo Alta to acquire Demisto Inc for $560 million

Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…

France aiming to introduce digital taxes for big internet firms by December 2018

French Finance Minister Bruno Le Maire is pushing for the deal so as to retain earnings of large tech companies who use clever strategies and tax loopholes to evade taxes. On Monday, French Finance Minister Bruno Le Maire stated, the European Union plans on introducing digital taxes for large internet firms such as Google and…

Elon Musk shakes up SpaceX management in a race to provide satellite-based internet services

Known for his aggressive management style, Elon Musk is pushing hard to become the first internet-based service provider – a move that could make a huge splash in the U.S. and global broadband market. According to two employees of SpaceX with direct knowledge of the matter at hand, Elon Musk, SpaceX’s Chief Executive Officer, known…