Techmeme
March 31, 2022, 9:00 AM

Top News

William Turton / Bloomberg:
Sources say Apple and Meta gave user data to hackers in response to forged Emergency Data Requests; Discord said it had also fulfilled a forged legal request  —  Apple Inc. and Meta Platforms Inc., the parent company of Facebook, provided customer data to hackers who masqueraded as law enforcement officials …
Bill Toulas / BleepingComputer:
Wyze had been aware of several vulnerabilities in its home security cameras for months and years without fixing them, despite being warned by Bitdefender  —  A Wyze Cam internet camera vulnerability allows unauthenticated, remote access to videos and images stored on local memory cards and has remained unfixed for almost three years.
CNBC:
A look at 3C, a “grassroots” group of SMBs against Big Tech regulation, financed by Google and Amazon, which claims support from SMBs that haven't heard of it  —  - The Connected Commerce Council, which pitches itself as a grassroots movement representing small business owners …
Richard Lawler / The Verge:
Apple updates its App Store rules in the Netherlands to let Dutch dating apps take payments through third-party processors, but a 27% commission still applies  —  But they can't avoid giving up a 27 percent commission  —  To help bring an end to wrangling with Dutch regulators that stretched …
Juli Clover / MacRumors:
Mark Gurman / Bloomberg:
Sources: Apple is planning to expand its financial services by adding payment processing, lending risk assessment, credit checks, fraud analysis, and more  —  Apple Inc. is developing its own payment processing technology and infrastructure for future financial products …
Molly White:
An analysis of Axie Infinity hack: Sky Maven taking six days to disclose it is irresponsible and people likely lost money needed to live, not just spare cash  —  On March 23, cryptocurrency priced at around $625 million was stolen from the Ronin network, which is the blockchain that powers the game Axie Infinity.
Shirin Ghaffary / Vox:
Analysis: majority of the most-viewed Reels on Meta's platforms are anonymous or reposted; Meta says Reels is Instagram's biggest engagement growth contributor  —  Facebook's pivot back to video shows how badly it needs young people.  —  Meta, the parent company of Facebook, needs to stay relevant.
Carly Page / TechCrunch:
IT and software developer Globant says its code repo was partially breached, after Lapsus$ shared 70GB of allegedly stolen data; Globant's stock closed down 10%  —  Just days after police in the U.K. arrested seven people over suspected connections to the now-infamous hacking and extortion group, Lapsus$ is claiming its latest victim.
Steve Zurier / SC Media:
IoT manufacturer Ubiquiti sues cybersecurity journalist Brian Krebs, claiming he falsely accused the company of covering up a cyberattack  —  Ubiquiti on Tuesday filed a lawsuit against industry blogger Brian Krebs for $425 million in damages for allegedly falsely accusing the company of “covering up” a cyberattack.
Brandy Betz / CoinDesk:
LayerZero, a startup that offers a protocol for blockchain interoperability, raises $135M co-led by a16z, FTX, and Sequoia at a $1B valuation  —  The blockchain interoperability protocol first emerged from stealth last September.  —  CORRECTION (March 30, 19:28 UTC): A previous version …
Ingrid Lunden / TechCrunch:
Intel acquires Granulate, which develops tools to optimize computing infrastructure with AI, sources say for $650M; PitchBook says Granulate raised $45.6M  —  Last year, when we wrote about new investment for Israeli startup Granulate — which applies AI to high-priority computing workloads …
More: Intel
Julie Jargon / Wall Street Journal:
Research shows TikTok tic videos contribute to a rise in cases of girls with tics; US ER room visits among teen girls with tics has tripled during the pandemic  —  Tourette videos posted on the platform continue to draw many viewers, and doctors say teen girls keep showing up at their offices with functional neurological issues

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