good morning. Did you know that identity theft in the US is at the pace of new records this year?
According to the Identity Theft Resource Center, victims have noticed that almost 166 million people have already been issued this year. (And we were on the way there, John Bon Jovi.)
I think there’s time to reset these passwords and enable two-factor authentication.
Below is today’s technical news. – Andrewneska
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The trial is open to Meta CEO Mark Zuckerberg
It’s been a minute since this newsletter wrote about a lawsuit against a major high-tech company. Isn’t it long?
A $8 billion class action lawsuit by Meta investors against CEO Mark Zuckerberg and his leadership team began Wednesday.
The allegations that date back to the 2018 Cambridge Analytica privacy scandal say Meta “did not fully reveal the risk that Facebook users’ personal information would be misused by Cambridge Analytica.” As the Associated Press said.
Shareholders allege that the company’s leader violated a 2012 consent order with the FTC and stopped collecting and sharing personal data from Facebook users and friends without their consent.
The company, previously known as Facebook, is said to have sold its user data to commercial partners and violated the consent order.
We have agreed to pay a $5.1 billion penalty to resolve FTC fees. Shareholders currently want to reimburse Zuckerberg and Team of the meta penalty and legal fees.
Total invoice: Over $8 billion.
Zuckerberg, former COO Sheryl Sandberg, board member Marc Andreessen, and former director Peter Thiel are expected to testify in the case, which is expected to last about a week. – an
Humanity is worth more than $100 billion, some investors say
The highly funded AI company humanity, or Openai’s Pepsi to Coke, reportedly plans to raise more money to value the company for over $100 billion.
Founded by brothers (and open veterans), Daniela and Dario Amodai, the San Francisco startup was valued at $61.5 billion in March, backed by Amazon, Alphabet and others.
Rival Openai, supported by Microsoft and others, has recently been valued at $300 billion.
Much of the recent interest comes from investors who like what they see from a financial performance perspective and are approaching humanity for additional investments. information and Bloomberg.
Recent reports show that human annual revenues have recently jumped to $4 billion by a third.
The startup has projected annual revenues of up to $35 billion by 2027. This drags open-owned forecasts by tens of billions of dollars, but in theory it’s enough to place them. With Fortune 500 Between Visa and PayPal. – an
Google says hackers are stealing sensitive data from organizations via Sonic Wall Gear
New nightmare fuel for IT professionals everywhere: Malicious actors are violating old appliances made by cybersecurity company Sonic Wall to steal sensitive data from organizations.
In a blog postGoogle’s Threat Intelligence Group and Mandiant wrote that they discovered an ongoing campaign by threat groups that includes personal credentials and one-time password seeds, as well as a “backdoor” tool called OverStep.
A trick that could involve exploiting unknown vulnerabilities has allowed hackers to access organizations “even after security updates are installed.” According to record. Yikes.
The investigation is underway. Google is not yet sure what motives behind the activity and how many victims are affected.
But they have a feeling. Data from at least one organization was eventually published in the global leaky market, suggesting economic motivation.
The appliance in question is a fully patched, end-of-life SonicWall secure mobile access 100 series hardware. Manufacturer I checked the problem As a precaution, we urged our customers to reset one-time password bindings for all users. – an
More Technology
–Scale AI excludes 200 employees. 14% of the company’s staff and 500 contractors will acquire Pink Slip after an $14.3 billion investment in Meta.
–ASML stocks will decrease by 11%. The Dutch semiconductor company says it cannot “confirm” growth in 2026 in light of the world trade war.
–HPE settles with activist investors. Elliott Management will receive one or two seats to the company’s board of directors. Exiled CEO Antonio Neri remains possible.
–The Google Pixel event was set for August 20th. Predictions: Pixel 10, 10 Pro, 10 Pro XL, and 10 Pro fold, and even newer watches.
–Mark Andreessen Rails against NSF, DEI. Star Tech Investor’s exposed text messages have been widely criticized.
–Nvidia will “accelerate recovery” in China’s chip salesCEO Jensen Huang says in Beijing.
–Amazon is launching the Corporate AI Agent Platform. Called the bedrock agent core, it promises support for AI frameworks or models.
–Delta can use AI to determine airfares. Come to your nearest plane with real-time personalized pricing.
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