Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. PhonePe was acquired by Flipkart Group in 2016. “As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe India.
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Dec 22, 2022Ravie LakshmananPassword Management Multiple high-severity vulnerabilities have been disclosed in Passwordstate password management solution that could be exploited by an unauthenticated remote adversary to obtain a user’s plaintext passwords. “Successful exploitation allows an unauthenticated attacker to exfiltrate passwords from an instance, overwrite all stored passwords within the database, or elevate their privileges within
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Facebook owner Meta Platforms Inc has agreed to pay $725 million (roughly Rs. 6,000 crore) to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit
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Dec 23, 2022Ravie LakshmananPrivacy / Data Security France’s privacy watchdog has imposed a €60 million ($63.88 million) fine against Microsoft’s Ireland subsidiary for dropping advertising cookies in users’ computers without their explicit consent in violation of data protection laws in the European Union. The Commission nationale de l’informatique et des libertés (CNIL) noted that users
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Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology
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Dec 23, 2022Ravie LakshmananRansomware / Endpoint Security The Vice Society ransomware actors have switched to yet another custom ransomware payload in their recent attacks aimed at a variety of sectors. “This ransomware variant, dubbed ‘PolyVice,’ implements a robust encryption scheme, using NTRUEncrypt and ChaCha20-Poly1305 algorithms,” SentinelOne researcher Antonio Cocomazzi said in an analysis. Vice Society,
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Google is reportedly working on making Android’s root store updatable via Google Play Store on Android 14. The search giant’s current mechanism updates root certificates only as part of full system updates, which could potentially render devices running on older Android versions unable to connect to the internet when the expired root certificates not being
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