Enterprise

Facebook invests Rs 43,474 cr for 9.99% stake in Reliance Jio

The world’s largest social media company Facebook has announced an investment of Rs 43, 574 crores ($5.7 billion) for a 9.99% stake in Reliance Jio Platforms, a subsidiary of India’s most valued firm, Reliance Industries. The company is the biggest telecom operator in the country with more than 370 million subscribers.This investment by Facebook puts…

The world’s largest social media company Facebook has announced an investment of Rs 43, 574 crores ($5.7 billion) for a 9.99% stake in Reliance Jio Platforms, a subsidiary of India’s most valued firm, Reliance Industries. The company is the biggest telecom operator in the country with more than 370 million subscribers.

This investment by Facebook puts Jio Platforms at ₹ 4.62 lakh crore of pre-money enterprise value ($65.95 billion, assuming a conversion rate of ₹ 70 to a US Dollar). Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis, and makes Facebook the largest minority shareholder in the Indian telecom network.

Notably, the 9.99% stake is in “Jio Platforms” which looks to be a digital service that Reliance Jio will build with the help of Facebook. While the deal will have many long-term goals and implications, which we will get to in a bit, the immediate effect will be the introduction of JioMart services on WhatsApp. 

“We’re making a financial investment, and more than that, we’re committing to work together on some major projects that will open up c

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Enterprise

Dangerous new malware infects thousands of enterprise devices

Thousands of enterprise devices around the world are being targeted by a new malware campaign dubbed Blue Mockingbird.¬†Once infected, this malware downloads and installs additional payloads that use the device to mine Monero cryptocurrency, which is then sent to the hackers.Microsoft and Intel are turning malware into images”Corona antivirus” infects victims with malwareBox boosts malware…

Thousands of enterprise devices around the world are being targeted by a new malware campaign dubbed Blue Mockingbird. 

Once infected, this malware downloads and installs additional payloads that use the device to mine Monero cryptocurrency, which is then sent to the hackers.

Microsoft and Intel are turning malware into images

  • “Corona antivirus” infects victims with malware
  • Box boosts malware detection to help remote workers
  • Once the hackers get access t

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    Enterprise

    Microsoft open-sources its coronavirus threat intelligence

    Cybercriminals continue to use the coronavirus as a lure to launch cyberattacks against both businesses and individuals which is why Microsoft has decided to open source its Covid-19 threat intelligence.By sharing information that provides a more complete view of hackers’ shifting techniques, the entire security intelligence community can be more proactive in protecting, detecting and…

    Cybercriminals continue to use the coronavirus as a lure to launch cyberattacks against both businesses and individuals which is why Microsoft has decided to open source its Covid-19 threat intelligence.

    By sharing information that provides a more complete view of hackers’ shifting techniques, the entire security intelligence community can be more proactive in protecting, detecting and defending against these attacks.

    Microsoft Defender Advanced Threat Protection (ATP), already provide built-in protection against these and other threats, though the company has published detailed guidance in a blog post titled “Responding to COVID-19 together” in order to help organizations combat them as well.

    • Microsoft and Intel are turning malware into images
    • “Corona antivirus” infects victims with malware
    • Hackers are spreading malware t

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    Enterprise

    Jio Platforms gets one more big-ticket investor Vista

    Close on the heels of social media giant Facebook and private equity firm Silver Lake betting big on Indian telecom behemoth Jio Platforms, another private equity firm Vista Equity Partners will invest $ 1.5 billion (Rs. 11,367 crore) in it.Jio Platforms has now raised $ 8 billion Rs 60,596.37 crore — amounting to a total…

    Close on the heels of social media giant Facebook and private equity firm Silver Lake betting big on Indian telecom behemoth Jio Platforms, another private equity firm Vista Equity Partners will invest $ 1.5 billion (Rs. 11,367 crore) in it.

    Jio Platforms has now raised $ 8 billion Rs 60,596.37 crore — amounting to a total of 13.4% stake — from leading technology investors in less than three weeks.

    This investment by Vista values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. Vista’s investment will translate into a 2.32% equity stake in Jio Platforms on

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    Enterprise

    How to combat insider threats as organisations increasingly rely on cloud computing to telecommunicate

    Cloud providers including Microsoft, Google, and others, have recently acknowledged that they are struggling to deal with a spike in remote tools usage.As organisations hastily adapt for remote working, they might fail to ensure adequate data security. In particular, cloud usage increases the risk of insider threats as 53% of organisations believe detecting insider attacks…

    Cloud providers including Microsoft, Google, and others, have recently acknowledged that they are struggling to deal with a spike in remote tools usage.

    As organisations hastily adapt for remote working, they might fail to ensure adequate data security. In particular, cloud usage increases the risk of insider threats as 53% of organisations believe detecting insider attacks is significantly harder in the cloud than on-premises, according to a recent report. Therefore, it has never been as important as it is today for organisations to implement proper measures to mitigate the insider threat to protect data in the cloud.

    • Here’s our list of the best antivirus services on the market
    • Working from home: the mouse, monitor, keyboard and router you need
    • Here’s our choice of the best VPN services of 2020

    Why do remote workers pose a threat to cloud security?

    Firstly, remote employees use cloud applications to exchange data, including sensitive data, and could misplace it in insecure locations which could lead to a compliance violation. For example, sharing sensitive data via Microsoft Teams – an increasingly popular application for telecommunication – will result in data spreading across SharePoint Online storage with a high risk of unauthorised access. In fact, 39% of the UK respondents to our recent survey are sure that employees in their organisations share sensitive data via cloud applications outside of IT’s control.

    Secondly, remote employees often work from their personal devices which are not controlled by the corporate IT team, and as such are mo

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