Philip Choo

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Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading.  Ready? Let’s talk money, startups and spicy IPO rumors. The startup world could be in for a busy summer. Today the economy is improving. Unemployment
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Social media giant Facebook has removed thousands of groups from its platforms over the trading of fake and misleading reviews. The cull occurred after two separate interventions by Britain’s competition watchdog, the Competition and Markets Authority (CMA). In January 2020, Facebook committed to improving its identification, investigation, and removal of groups and other pages where
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A vulnerability in Fortinet’s Fortigate VPN is being exploited by Cring ransomware threat actors, according to a report published days after a Cybersecurity and Infrastructure Security Agency advisory warned that several FortiOS flaws were being utilized in cyber attacks. Kaspersky Lab’s ICS CERT, a project dedicated to industrial cybersecurity threats, released a report Wednesday showing
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An Iranian threat actor has unleashed a new cyberespionage campaign against a possible Lebanese target with a backdoor capable of exfiltrating sensitive information from compromised systems. Cybersecurity firm Check Point attributed the operation to APT34, citing similarities with previous techniques used by the threat actor as well as based on its pattern of victimology. APT34
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Police in Chicago have arrested a former track and field coach for allegedly soliciting sexually explicit images from female athletes under false pretenses.  Chicago resident Steve Waithe was arrested on April 7 and charged with one count of wire fraud and one count of cyberstalking.  Waithe attended Loch Raven High School, where he was the Maryland State
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ESET researchers discover a new Lazarus backdoor deployed against a freight logistics firm in South Africa ESET researchers have discovered a previously undocumented Lazarus backdoor used to attack a freight logistics company in South Africa, which they have dubbed Vyveva. The backdoor consists of multiple components and communicates with its C&C server via the Tor
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Cybercrime is increasing at an alarming clip. Year after year billions of dollars are lost and millions of personal records stolen by online criminals. To counter this onslaught of cyber attacks, businesses and governments have come to count on equally cunning and dedicated cybersecurity professionals to protect them from attack. The scale and impact of
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Butter, a startup registered in Denmark but operating fully remote, is building an “all-in-one” platform for planning and running virtual workshops. Offering video software and other features dedicated to workshopping, the idea is to pull people away from using more generic tools, such as Zoom and Microsoft Teams, which, arguably, aren’t well suited to workshops.
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Michigan State University (MSU) has been impacted by a data breach stemming from a cyber-attack on an Ohio law firm. Bricker & Eckler LLP, which is associated with MSU Title IX contractor INCompliance Consulting, was hit with ransomware in January 2021.  An investigation into the incident determined that an unauthorized party gained access to certain Bricker
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Executive Summary  Cuba ransomware is an older ransomware, that has recently undergone some development. The actors have incorporated the leaking of victim data to increase its impact and revenue, much like we have seen recently with other major ransomware campaigns.  In our analysis, we observed that the attackers had access to the network before the infection and were able to collect specific information