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Walmart Acquires Smart TV Firm Vizio to Boost Advertising Business
Walmart has Vizio, a popular name in the American TV and entertainment business. The deal had been in the process since February this year, and Walmart has finally closed the acquisition. In their latest announcement post, Walmart shares that the Vizio deal cost $2.3 billion. The e-commerce giant received all of Vizio’s assets, including its gross profit, advertising, and data.…
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Data center firm Latos introduces itself with plans for 40 new facilities in the UK
A new data center operator has launched in the UK, saying it will open 40 facilities around the country by the end of the decade. Latos Data Centers, founded in 2021 by telecoms entrepreneur Mike Carlin, says the new facilities will be a mixture of hyperscale facilities and smaller volumetric assets at the network edge. The focus will be on…
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Hackers breach US firm over Wi-Fi from Russia in ‘Nearest Neighbor Attack’
Russian state hackers APT28 (Fancy Bear/Forest Blizzard/Sofacy) breached a U.S. company through its enterprise WiFi network while being thousands of miles away, by leveraging a novel technique called “nearest neighbor attack.” The threat actor pivoted to the target after first compromising an organization in a nearby building within the WiFi range. The attack was discovered on February 4, 2022, when cybersecurity…
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Proofpoint acquires data security posture management firm Normalyze
Cybersecurity firm Proofpoint has announced plans to acquire Normalyze, which specializes in data security posture management (DSPM). The deal, expected to close some time in November, will see Normalyze’s AI-based DSPM technology integrated into Proofpoint’s human-centric security platform. Proofpoint said the widespread adoption of AI platforms, Databases as a Service (DBaaS) and Continuous Integration/Continuous Development (CI/CD) practices has created a…
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Dropbox layoffs continue as firm cuts another 20% of staff
Dropbox will cut staff for the second year in a row, CEO Drew Houston has announced, with an additional 528 layoffs – 20% of the workforce – expected in the coming months. Taking full responsibility for the decision, Houston explained that the layoffs come during a transitional period in which Dropbox is looking to focus on products such as ‘Dash…
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Here’s how Cleary Gottlieb law firm uses genAI for pre-trial discovery and more – Computerworld
“We are very LLM agnostic, in that we’re able to look at the different tasks and see which one is right for a particular task. For image analysis, or the multimedia analysis, we’re using the latest and greatest, such as the ChatGPT Omni. It’s unique in having capabilities for drafting [client-privilege] log lines. Depending on the data, we’re shifting between…
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Headhunting firm Find Great People notifies 12K people of data breach that compromised SSNs
Headhunting firm Find Great People this week confirmed it notified 12,205 people about a July 2024 data breach that compromised names, Social Security numbers, driver’s license numbers, passports, dates of birth, and addresses. Ransomware gang Akira claimed responsibility for the attack on July 31, 2024, saying it stole 32 GB of data including confidentiality agreements, client data, and employment documents.…
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Data breach at Louisiana accounting firm compromises SSNs and finances
Accounting firm Wright, Moore, DeHart, Dupuis & Hutchinson this week confirmed it notified thousands of people about a July 2023 data breach that compromised names, Social Security numbers, financial account numbers, credit and debit card numbers, medical info, driver’s license numbers, and addresses. The notice (PDF) states, “On or around July 11, 2023, WMDDH became aware of unusual network activity…
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Why you should always be wary of insider threats: A disgruntled employee at a US industrial firm deleted backups and locked IT admins out of workstations in a failed data extortion attempt
A disgruntled IT worker at a national industrial company in the US has been arrested after he launched an extortion campaign targeting his former employer in 2023. Daniel Rhyne was a core infrastructure engineer at an unnamed US-based industrial firm, and attempted to extort his company for $750,000 worth of Bitcoin. According to a press release issued by the US…
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OpenAI’s former chief scientist just raised $1bn for a new firm aimed at developing responsible AI
OpenAI’s former chief scientist has raised $1 billion for his new firm to develop safe artificial intelligence systems. Ilya Sutskever co-founded Safe Superintelligence (SSI) in June after departing OpenAI in May following a failed attempt to oust CEO Sam Altman in November 2023, which was initially backed by Sutskever. Reports suggest that the investment values SSI at $5 billion. The…
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