The FBI is warning cryptocurrency companies to be on the lookout for North Korean cyber thieves cashing out stolen bitcoin valued in the tens of millions of dollars.
North Korean hackers use cybertheft to circumvent sanctions and fund their regime, with the White House estimating that half of North Korea’s missile program is funded via cryptocurrency heists and cyberattacks.
The FBI published an alert this week saying North Korean hackers who were responsible for stealing nearly $200 million worth of cryptocurrency in June want to convert digital money into real funds. The bureau published identifiers of the bitcoin for companies to watch for in a warning Tuesday.
“Over the last 24 hours, the FBI tracked cryptocurrency stolen by the Democratic People’s Republic of Korea TraderTraitor-affiliated actors (also known as Lazarus Group and APT38),” the FBI said in the warning. “The FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40…
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Four years ago, one of the most intense battles in enterprise software was underway between two startups led by former colleagues: Rubrik and Cohesity. They help businesses manage data, and they also market themselves as offering protection against ransomware attacks. At the time, Rubrik was clearly in the lead, but Cohesity was growing faster and gaining on it.
Times have changed. By one measure—closeness to going public—Rubrik appears to be well ahead of Cohesity. Rubrik recently hired bankers to help it go public, according to people familiar with the matter. Cohesity still intends to go public, executives told staffers at a town hall meeting earlier this month. But the company’s losses may delay that.
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The Secret Service is accusing APT41, a Chinese state-sponsored group of cybercriminals, of stealing at least $20 million in COVID-19 relief.Getty Images
A Chinese hacker group stole at least $20 million from the US government, the Secret Service says.
These funds were meant for COVID-19 relief, the Secret Service told NBC on Monday.
The Secret Service says the hackers responsible are APT41, Chinese state-sponsored cybercriminals.
A group of Chinese hackers stole at least $20 million in COVID-19 relief funds from the US government, the Secret Service said on Monday.
A Secret Service spokesman told NBC News that APT41, a Chinese state-sponsored cyber criminal group, was responsible for stealing millions of dollars from the government coffers. These funds included small business loans and unemployment relief in more than a dozen states, the spokesman told NBC.
The Secret Service also told NBC in a statement that it considers APT 41 a “Chinese state-sponsored, cyberthreat group that is highly adept at conducting espionage missions and financial crimes for personal gain.”
“The United States is target No. 1 because we are competitor No. 1,” Nathaniel Fick, the head of the state department’s cyberspace and digital policy bureau, told NBC. “It’s a really comprehensive, multi-decade, well-considered, well-resourced, well-planned, well-executed strategy.”
Roy Dotson, a pandemic fraud recovery coordinator at the Secret Service, also told NBC that he thought it was likely that APT41 targeted funds in all 50 states. On CNN on Monday, Dotson also said APT41 is a “notable player” in the “more than 1,000 ongoing investigations involving transnational and domestic criminal actors defrauding public benefits programs.”
Speaking to Reuters, representatives from China’s Washington embassy said China has “firmly opposed and cracked down on all forms of cyber theft and hacking.” The embassy called hacking accusations against China “groundless.”
Representatives for the Secret Service and the Chinese embassy in Washington did not immediately…
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TL;DR: Amazon in a surprise announcement said it has agreed to acquire Roomba maker iRobot. The all-cash transaction is valued at approximately $1.7 billion, or $61 per share, and represents a 22 percent premium over iRobot’s closing price of $49.99 at the end of trading on Thursday.
The deal gives Amazon a stronger foothold in the field of robots. Last year, the e-commerce giant launched a consumer home robot named Astro designed to serve as a mobile security camera, an entertainment hub and a communications tool.
The Wi-Fi connected, Snapdragon-powered bot features stereo speakers, dual cameras, a 10-inch touchscreen and even a USB-C port. Astro can only be purchased by invite and will set you back $999.99 during the ongoing introductory period. After that, expect to pay $1,449.99 for an opportunity that not everyone believes is ready for mainstream audiences.
Amazon has also invested in other gadgets designed to make life easier such as the Ring doorbell and its array of Alexa-powered speakers. Amazon’s acquisition of iRobot, however, is substantially larger than Ring and represents one of the largest moves yet by newly minted CEO Andy Jassy, who replaced founder Jeff Bezos at the helm a little over a year ago.
In fact, the iRobot deal ranks as Amazon’s fourth largest to date behind Whole Foods, MGM and One Medical at $13.7 billion, $8.45 billion and $3.9 billion, respectively.
Dave Limp, SVP of Amazon Devices, said they are excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable.
iRobot was founded way back in 1990 by Colin Angle, Rodney Brooks and Helen Greiner, who previous worked in MIT’s Artificial Intelligence Lab. Its first robotic vacuum cleaners for consumers arrived in 2002, and the company went public in 2005. iRobot also has a line of mopping robots for hard-surface floors and has added multiple features to its vacuums including automatic dust bin emptying.
Per usual, the deal will be subject to customary closing conditions including shareholder and regulatory approval. iRobot’s Colin Angle will remain as CEO post-acquisition, we’re told.
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