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The founders of Stripe, Databricks, and Instacart, among others, may be on track for big paydays as their startups are reportedly on track for an IPO. ....
This week: It s smackdown season in techland Warner Bros. Maybe it s because of all the hoopla over the new Godzilla vs. Kong movie, but I m noticing a lot of news about clashes between the titans of the tech industry lately. The decade-long courtroom battle between Google and Oracle came to a close this week when the US Supreme Court declared Google the victor, absolving it of any allegations that it stole Oracle s code by using Java APIs in the Android operating system. Sanity has prevailed, Another brewing showdown between Box and activist investor Starboard Value seems to have been averted. ....
namussi/Getty This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Ransomware gangs that lock up companies data demanding payment may cost firms $20 billion this year. Companies are using cyber insurance to help pay ransoms because cybersecurity has no easy answers. Gangs, many located in Russia, and using their loot to invest in AI and other tools to be more effective. The world is getting better at paying off ransomware gangs. Ransomware gangs are getting better at everything else. A vicious cycle is fueling ransomware, one of the world s worst cybercrimes, in which criminals seize control of companies computer networks, encrypting their data with secret codes. Companies paralyzed by the attacks paid hackers an average of $312,493 in 2020 – triple the average of the year b ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Business Insider The US, Russia, and China are engaged in a fascinating cyber Cold War, top experts tell Insider. From the outside, it may appear the US is losing, but its rivals have deep-seated weaknesses. The US must keep a moral high ground – and a very stealthy profile in undermining its rivals. At universities in China, former military officers teach students to hack into US defense contractors – and give them bounties. In Russia, military officers recruit criminals on the dark web to hack for the government – and allow them to keep stealing for personal gain. ....