Techmeme
November 10, 2023, 12:45 PM

Top News

Bill Toulas / BleepingComputer:
Microsoft says the Clop ransomware group is exploiting a zero-day in IT support tool SysAid in “limited” attacks to access corporate servers and deploy Clop  —  Threat actors are exploiting a zero-day vulnerability in the service management software SysAid to gain access …
Decrypt:
Justin Sun's crypto exchange Poloniex says hackers stole $126M+ worth of crypto assets and that the company is working with other exchanges to recover the funds  —  Poloniex, a crypto exchange owned by Tron founder Justin Sun, has seen more than $126 million worth of crypto assets exit …
Adi Robertson / The Verge:
Memo: Tumblr is downscaling its ambitions after failing to reach its goals for a new audience and plans to focus on the website's “core functionality” in 2024  —  Tumblr is downscaling its ambitions after failing to reach goals for a new audience, aiming to move some staff members …
Cheng Leng / Financial Times:
The Chinese foreign ministry says ICBC is trying to minimize losses after the ransomware attack, which a source says is “limited in impact and almost resolved”  —  Hack at Chinese bank's arm disrupted market for US Treasuries on Thursday  —  The Industrial and Commercial Bank …
Bloomberg:
Experts say LockBit is behind the Industrial and Commercial Bank of China hack, a “ransomware as a service” group that hacked the UK's Royal Mail, among others  —  - LockBit is what's known as a ‘ransomware as a service’ group  — It is one of the most prolific ransomware attackers in world
Financial Times:
Jason Schreier / Bloomberg:
After critics pan Activision's Call of Duty: Modern Warfare III, sources blame the game's rushed 16-month development, compared to three years for other titles  —  Game is the first in the series after Microsoft's big acquisition.  —  The latest entry in Activision Blizzard's popular Call …
Wall Street Journal:
Sources: Meta strikes a preliminary deal with Tencent to sell a new, lower-priced VR headset in China in late 2024, 15 years after the country shut out Facebook  —  Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year
Michael Kan / PCMag:
Qualcomm ends its Iridium partnership to bring satellite connectivity to Android phones, started in January 2023, after low adoption by smartphone manufacturers  —  However, Iridium says it's now free to talk with other smartphone and chip vendors on enabling another satellite connectivity deal.
Sean Hollister / The Verge:
A review of Valve's $549 Steam Deck OLED: a great screen, a longer battery life, and better ergonomics, but refresh rate issues and the platform is not stable  —  A new screen, a pile of improvements, and better pricing make this everything the original should have been.
Daniel Wiessner / Reuters:
Apple agrees to pay $25M to settle the US DOJ's claims that the company illegally favored immigrant workers over citizens and green card holders for some jobs  —  Apple Inc (AAPL.O) will pay $25 million to settle claims by the U.S. Department of Justice that the company illegally favored immigrant workers …
Jordan Novet / CNBC:
Unity reports Q3 revenue up 69% YoY to $544.2M, missing $553.7M est. partly due to the fallout from new rules on video games in China, and a $124.1M net loss  —  - Unity's revenue growth fell short of estimates, partly because of fallout from new rules on video games in China.
Sean Hollister / The Verge:
Epic v. Google: internal documents show that Google offered to only take a 10% cut of Netflix's in-app payments on Android in 2017; Netflix didn't take the deal  —  Netflix did, too.  —  In 2017, Google offered Netflix a special discounted rate of 10 percent of its in-app payments on Android …
Amanda Hoover / Wired:
Omegle was forced to shut down as part of a settlement of a user's lawsuit claiming its design enabled her to be sexually abused since when she was 11  —  Omegle connected strangers to one another and had a long-standing problem of pairing minors with sexual predators.  A legal settlement took it down.
Manish Singh / TechCrunch:
Paresh Dave / Wired:

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More News

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Om Malik / On my Om:
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Earlier Picks

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Bloomberg:
Kyle Wiggers / TechCrunch:
Camomile Shumba / CoinDesk:
Taras Buria / Neowin: