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| Here's your daily Inside Dev. briefing: - Europol arrests lead Ragnarok Ransomware developer,
- Apple posts multiple AI/ML openings, signaling intensified AI efforts,
- Lightning Network developer quits after tracking software issues.
Thank you, Arbër p/Arber | |
| 1 | | Europol has arrested the key developer of the Ragnar Locker Ransomware in an operation spanning three countries. The hacker was found in France. More: - In addition to the main developer, five other individuals believed to be accomplices were arrested in Spain and Latvia.
- The hackers had used servers in the Netherlands, Germany, and Sweden, which were all seized from Europol.
- Ragnar Locker, a hacker group that was first tracked in December 2019, is known for cyberattacking critical digital infrastructure across the world.
- It is estimated that the group has cyberattacked 168 organizations globally so far.
- This is not the first operation that involved the group, as suspected members of Ragnar Locker were previously arrested from Ukraine in 2021, while in 2022, another member was arrested in Canada.
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| 2 | |  What happened: Apple has posted multiple AI/ML job openings, hinting that it will focus on adding more artificial intelligence features to its products. The openings come after reports that the company will spend $1B annually on AI. More details: According to recent reports, the company aims to use large language models to boost Siri and the iMessage app. Apple is also likely to add generative AI features in Xcode, Apple's tool for app development, in addition to AI-generated playlists for Apple Music and AI-assisted writing for Pages and Keynote. In addition to posting job roles for adding AI features to specific apps. The company is hiring developers to help build a conversational tool that could emulate human conversations. What the numbers say: The Artificial Intelligence market is currently worth $207B and is set to surge to $795B within the next four years. For comparison, Apple had $394B in revenue in 2022 and currently has a market cap of $2.7T. Unofficially, it has been speculated that the tech giant is preparing to launch a tool similar to ChatGPT and Bard, as the large amount of data it has could enable it to be competitive in the growing AI market. | | |
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| 3 | | Microsoft's Security Copilot is now available for users with early access. The AI assistant is an extension of Copilot, the developer tool launched by the company earlier this year. More: - The Early Access Programme will include features such as:
- Integrated Security Copilot experience,
- Microsoft 365 Defender access,
- Free Microsoft Defender Threat Intelligence access, etc.
- According to Microsoft, Security Copilot will be able to describe security incidents in natural language, making it easier for security analysts to understand the scope of the problem regardless of their expertise level.
- Microsoft Defender Threat Intelligence and access to its API is also now available to every Security Copilot customer with no extra fee.
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| 4 | | A Lightning Network developer quit the project's development soon after announcing a security flaw had been tracked. The flaw could allow hackers to replace transactions using replacement cycling attacks. More: - The developer, Antoine Riard, stated that this new class of replacement cycling attacks puts the lightning in a very "perilous position."
- According to him, this technical issue could be fixed only at the base layer through a consensus upgrade.
- Riard stated that he would immediately halt his involvement with the Lightning Network, focusing on Bitcoin core.
- Lightning Network's importance as the second layer of the Bitcoin blockchain continues to be highlighted in the Bitcoin community, but security issues could pose a challenge in gaining the trust of the general population who are casual users of Bitcoin and cryptocurrencies.
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| 5 | | Android has rolled out Android 14 QPR1 Beta 2.1 today for most devices that run the OS. The update includes three updates, including a security bug patch. More: - Android has fixed issues with:
- Biometric authentication,
- SIM card swapping errors that caused network connection problems,
- and overall system stability.
- Pixel 8 and Pixel 8 Pro users had to wait longer for their devices to be updated.
- This update comes two weeks after Android's last one, QPR1, which updated the pixel dashboard, the weather in Google Clock, custom app size ratios, etc.
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| 6 | | Ternary has raised a $12M Series A funding round to help developers and companies manage their cloud spending. Ternary claims it had a 300% customer base growth rate in the last year More: - Ternary provides enterprises and managed service providers with a multi-cloud spend management platform to optimize their costs.
- Its platform is available as a SaaS product or as Ternary Self-Hosted.
- The company aims to use the funding to enhance product development and accelerate the delivery of features that enrich customer data.
- Jump Capital led the funding round, with participation from Fin Capital, RiverPark Ventures, Great Oaks Venture Capital, and Gaingels.
- The company is based in San Francisco.
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- According to reports, Apple is likely to launch iOS 17.1 tomorrow.
- Data analytics platform Prism Data has raised a $5M Seed funding round from Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.
- Accenture has acquired cybersecurity company MNMEO Mexico for an undisclosed amount.
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Term of the Day Industrial property: Industrial property, often referred to as industrial real estate, is an umbrella term that encompasses real estate used for industrial purposes. Read More Question of the Week What's one tool or app that has significantly made your life easier at work? Join the conversation |
INSIDE DEV LEADERBOARD (ALL-TIME) |
| Writer | | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. | | This newsletter was edited by Aaron Crutchfield | |
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