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May 17, 2020, 7:35 PM
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memeorandum
WeSmirchTop News
| Brian Krebs / Krebs on Security: |
US Secret Service memo warns a crime ring is targeting state unemployment insurance programs to commit fraud by using data belonging to identity theft victims — A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state …
More:
New York Times, CNET, The Verge, Engadget, and Decrypt
| Christopher Mims / Wall Street Journal: |
A look at the grassroots movement of professional home bakers that have found a home on Etsy, where they can continue to be productive under lockdown — Homebound consumers are flocking to the site for scones, biscuits, breads, muffins, doughnuts and...alkaline tahini spelt cookies.
More:
Seeking Alpha. Tweets: @mims, @senatorshoshana, @mims, @profjeffjarviss, @sarthakgh, @stephanierieger, @levie, and @mims
| Chance Miller / 9to5Mac: |
Edison Mail says it has “rolled back” an iOS app update that gave a “small percentage” of users full access to other users' email accounts — Edison Mail is one of the more popular third-party email applications for iPhone, iPad, and Mac, but an apparent bug in the service is raising major privacy concerns.
More:
The Verge, MacRumors, Softpedia News, Digital Trends, Engadget, AppleInsider, and iPhone in Canada Blog
Tweets: @cabel, @cabel, @zackwhittaker, and @chancehmiller
| Seth Schiesel / Protocol: |
Jason Rubin, Facebook VP for special gaming initiatives, on how Facebook thinks about gaming and how Oculus Quest can get AAA games like Call of Duty — Jason Rubin, Facebook's vice president for special gaming initiatives, tells Protocol how Facebook thinks about gaming — and why streaming games are the future.
Tweets: @pierce
| Manish Singh / TechCrunch: |
General Atlantic to invest $870M in Reliance Jio Platforms at a $65B valuation, joining Facebook, Silver Lake, and Vista Equity Partners among Jio investors — Mukesh Ambani's Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest deal in a series of deals …
More:
The Next Web, Reuters, Moneycontrol, India TV, Bloomberg, Entrackr, and Livemint
Tweets: @tanayj, @kanchangupta, @generalatlantic, @yourstoryco, and @mdudas
| Andreessen Horowitz: |
Analysis of ten years of cryptocurrency discussions and funding data shows repeated cycles of rising crypto activity followed by eventual “crypto winters” — People who've been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.”
More:
CryptoSlate. Tweets: @a16z, @mdudas, @sassal0x, @katie_haun, @kimbatronic, @brian_armstrong, and @counternotions
| Catalin Cimpanu / ZDNet: |
Multiple supercomputers in some EU countries were hacked this week with crypto mining malware via compromised SSH credentials; evidence suggests a single actor — Confirmed infections have been reported in the UK, Germany, and Switzerland. Another suspected infection was reported in Spain.
More:
Cado Security, Cointelegraph, BleepingComputer, InsideBitcoins.com, Security Affairs, Slashdot, and Dark Reading
Tweets: @paulsparrows, @littllemel, and @teriradichel
| Edvard Pettersson / Bloomberg: |
Ubisoft sues Apple and Google for selling Alibaba's Area F2 game, which it claims is a “near carbon copy” of Rainbow Six: Siege — Ubisoft Entertainment SA sued Apple Inc. and Google LLC, accusing the companies of selling a ripoff of its popular video game “Tom Clancy's Rainbow Six: Siege.”
More:
Engadget, Digital Trends, Rock, Paper, Shotgun, TechSpot, iPhone in Canada Blog, MacRumors, Game Rant, Kotaku, GameSpot, AppleInsider, 9to5Mac, Dot Esports, and Android Central
Tweets: @screamingrowlet, @legalgameruk, @smk_gaming_, and @chrisonmobile
| Bloomberg: |
China's state-backed funds invest $2.25B into a chip factory of local company Semiconductor Manufacturing International and plans to up monthly capacity by 5x — - State-backed funds invest in Semiconductor Manufacturing plant — China is aiming to increase monthly capacity by 5 times
Tweets: @next_china
| Nir Kshetri / The Conversation: |
While only 1% of female internet security workers are in senior management positions, these underrepresented perspectives are critical in addressing cyber risks — Women are highly underrepresented in the field of cybersecurity. In 2017, women's share in the U.S. cybersecurity field was 14%, compared to 48% in the general workforce.| Martin Giles / Forbes: |
Gartner survey of IT leaders forecasts 8% YoY decline in global IT spending to $3.46T in 2020, vs. $3.76T in 2019, as budgets are slashed due to the pandemic — Another week brings another clear sign that CIOs are making deep budget cuts in response to the COVID-19 pandemic.| Issie Lapowsky / Protocol: |
John Borthwick, one of Giphy's early investors and board members, describes how the Facebook deal came about and says talks began in late March — John Borthwick was one of Giphy's first believers. The company, which Facebook just bought for a reported $400 million, launched in 2013 out of Betaworks …
More:
The Verge, Ars Technica, Search Engine Journal, and OneZero
Tweets: @giphy, @jbenton, @reapercancelled, @safepress, @kateo, @vivekxk, @techaltar, @vectorpoem, @bran_dj, @telegram, @glenngabe, @timgrieve, @hynek, @moxie, @kellymakena, @slpng_giants, @facebook, @willoremus, @xor, @karynelevy, @mathewi, @om, and @bizcarson
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