Instacart Prices IPO at $30 a Share, Raising $660 Million

Today's Tech News

Chinese hackers have unleashed a never-before-seen Linux backdoor

Researchers have discovered a never-before-seen backdoor for Linux that's being used by a threat actor linked to the Chinese government. The new backdoor originates from a Windows backdoor named Trochilus, which was first seen in 2015 by researchers from Arbor Networks, now known as Netscout. They said that Trochilus executed and ran only in memory, and the final payload never appeared on disks in most cases. That made the malware difficult to detect. Researchers from NHS Digital in the UK have said Trochilus was developed by APT10, an advanced persistent threat group linked to the Chinese government that also goes by the names Stone Panda and MenuPass.

Other groups eventually used it, and its source code has been available on GitHub for more than six years. Trochilus has been seen being used in campaigns that used a separate piece of malware known as RedLeaves.

Source: Ars Technica

Instacart Prices I.P.O. at $30 a Share, Raising $660 Million

The grocery delivery company Instacart priced its IPO at $30 a share, raising $660 million. The pricing at the high end of expectations is seen as a potentially upbeat sign for tech public offerings.

Source: The New York Times

Chan Zuckerberg Initiative is building an expensive new AI GPU cluster for medical research

Mark Zuckerberg and Priscilla Chan's foundation, the Chan Zuckerberg Initiative (CZI), is funding the construction of a massive computing system for medical research. The system will be made up of more than 1,000 top-of-the-line H100 GPUs to help researchers study healthy and diseased cells. CZI claims that this computing system will lead to groundbreaking new discoveries in the field of medicine.

Source: The Verge

Okta CSO David Bradbury says five client companies, including MGM and Caesars, were hacked via help desk calls

Okta CSO David Bradbury has revealed that five client companies, including MGM and Caesars, were hacked by the ALPHV and Scattered Spider groups. These groups breached the companies' security through help desk calls.

Source: Techmeme