The Tata Group has finalised a $200-250 mn primary cash infusion in BigBasket and online pharmacy 1mg as part of its deal to acquire a majority stake in both the internet firms. Tata will shell out a total $1.2 bn, in a mix of a primary and secondary sale of shares, to acquire 60% stake in BigBasket. The conglomerate may provide a full exit to two of BigBasket’s biggest investors, Alibaba and Abraaj Group, having 27.58% and 18.05% stake, respectively.
Suspected Russian hackers targeted the cybersec firm Malwarebytes. The attacker abused “apps with privileged access to MS Office 365 and Azure environments,” said CEO M Kleczynski. He said the attack was part of the campaign that has used SolarWinds software to target other firms. Analysts, on the other hand, have said that SolarWinds’s software wasn’t the only method used to breach networks as a new form of malware used in the attack was discovered.
Google’s Chrome v88 now gives an easy shortcut to identify weak passwords and quickly edit them. One has to click on the key icon that appears under the profile or can manually enter chrome://settings/passwords in the address bar. The new feature, which will be rolled out in coming weeks, makes it easier to update multiple usernames and passwords at one place. Google has also promised to roll out more privacy and security features throughout 2021.
The European Union’s drug regulator claimed that COVID-19 vaccine documents stolen, leaked and manipulated by hackers in a cyber-attack. The European Medicines Agency had said that the investigation showed that emails and documents were hacked related to the evaluation of experimental coronavirus vaccines. Italian cybersecurity firm Yarix has found the 33-megabyte leak was done to damage the reputation and credibility of EMA and Pfizer on the dark web.
In Cybersecurity space AI would replace humans by 2031, as hackers use more sophisticated tools, said a new report by Trend Micro. The report said more than 41% of IT leaders surveyed think that AI would replace their role by 2030. Just 9% were confident that AI would not replace them within the next decade. 32 % said AI would eventually work to completely automate all cybersecurity. 19 % believe that hackers using AI to enhance arsenal would be commonplace by 2025.
Quick Heal Technologies has invested $2 mn in L7 Defense, an Israel-based cybersecurity startup which specialises in API Security and NG-WAF. It is the third investment of the Pune based cybersecurity firm in the last 18 months. Last year, Quick Heal had invested $300,000 in L7 which had helped it to acquire clients in financial, telecom, IT industries across the US and Europe. Quick Heal had also invested in Singapore- based Ray Pte Ltd.
Investigators at Moscow-based cybersecurity firm Kaspersky had said the “backdoor” used to compromise up to 18,000 customers of US software maker SolarWinds resembled malware tied to a hacking group known as “Turla,” which operates on behalf of Russia’s FSB security service. Moscow had repeatedly denied the allegations. Experts mentioned three similarities between the SolarWinds backdoor and a hacking tool called “Kazuar” used by Turla made it likely Russian in origin.
Ubiquiti, one of the biggest sellers of networking gear, emailed its customers to become aware of unauthorised access to its systems hosted by a third-party cloud provider. The company couldn’t be certain if the customers’ data-name, email address, and the one-way encrypted password to their account, address, phone number – had been exposed. It also asked the users to update their passwords and also enable two-factor authentication.