Today's Tech News Summary
Chinese Hackers Unleash Never-Before-Seen Linux Backdoor
Chinese hackers associated with the Chinese government have been discovered using a new Linux backdoor that was originally a Windows backdoor called Trochilus. Trochilus was first seen in 2015 and executed only in memory, making it difficult to detect. The Linux variant of this backdoor originates from Trochilus and is attributed to a threat actor known as APT10, Stone Panda, or MenuPass. The new malware has been observed being used in campaigns along with another malware called RedLeaves. Read more
Instacart Raises $660 Million in IPO
Instacart, the popular grocery delivery company, has priced its initial public offering (IPO) at $30 per share, raising $660 million. This price is at the higher end of expectations, indicating positive sentiment towards tech public offerings. Instacart has witnessed significant growth in the past year due to the increased demand for online grocery shopping. Read more
Google Quietly Raises Ad Prices to Boost Search Revenue
During the ongoing antitrust trial between the US Department of Justice and Google, it has been revealed that Google quietly raised ad prices to increase its search revenue. Google's advertising executive, Jerry Dischler, confirmed that the company tweaks its auction process, potentially raising prices by 5% to 10% without advertisers' knowledge. This highlights the dominance of Google's search and advertising business. Read more
Hackers Breach MGM, Caesars, and Other Companies via Help Desk Calls
Hackers have targeted several companies, including MGM Resorts International and Caesars Entertainment, by exploiting help desk calls. Okta CSO David Bradbury revealed that five client companies, including MGM and Caesars, were hacked by the ALPHV and Scattered Spider hacker groups. These groups managed to breach the companies' security systems through social engineering techniques during help desk calls. Read more
Image Source: New York Times
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