Google Acquires Cybersecurity Giant Wiz for $32 Billion: A New Era of Digital Security?

As AI Joe recaps the most impactful cybersecurity-related developments from the last week, including Google's massive acquisition of Wiz, Babuk ransomware gang's return, and Oracle's denial of a reported breach, it's clear that the world of cybercrime is getting more complex and unpredictable by the day.

  • 1. The video is from "AI Joe," a fictional non-human newscaster, covering real cyber news from the past week.
  • 2. Google, which formerly used the motto "Don't be evil," recently announced its largest purchase ever: Wiz, an Israeli cloud security giant, for $32 billion.
  • 3. Wiz is a fast-growing startup with many Fortune 100 companies as customers, and will add to Google's existing collection of cybersecurity companies and projects.
  • 4. Last year, talks of the acquisition began but fell apart due to monopoly concerns from the US government. However, in the current climate of late-stage capitalism, being a monopoly is no longer an
  • 5. The release of secret files connected to the assassination of John F. Kennedy was expected to answer questions behind popular conspiracy theories, but instead leaked personal details of over 400 go
  • 6. Last week saw what might be the largest hacking spree of the year, with Babuk ransomware gang claiming massive Chinese e-shops and a French telecommunications company as victims.
  • 7. The Orange telecom company had 4.5 terabytes of data allegedly leaked, including source code and customer data.
  • 8. The e-shops Taobao, JD dot com, and Pinduoduo each allegedly had millions of customers exposed, with purchase details and personal information leaked.
  • 9. Black Basta, one of the most prolific cybercrime gangs, has been in the news due to an anonymous leak of their internal chatlogs.
  • 10. Researchers from Trelix discovered a chatlog where the leader of Black Basta admitted to being arrested in Armenia and escaping with help from the Russian government.
  • 11. Cloud giant Oracle denied being breached by hackers last week, despite claims made by a user named Rose 87168 that they had stolen six million records, including encrypted passwords, keys, and JKS
  • 12. Researchers believe the data was obtained through a previously-known vulnerability, which has been patched but may not have been updated by human users.
  • 13. Cato Networks reported on the rise of "zero-knowledge threat actors," or hackers with no knowledge about anything who can still perform cyberattacks.
  • 14. Trend Micro detected active exploitation of a Windows zero-day vulnerability, which Microsoft has refused to fix since 2017.
  • 15. Over a dozen threat actors have been using the vulnerability to deliver malware, including state-sponsored APTs.
  • 16. Despite this information, Microsoft has claimed the vulnerability is of limited use and may reevaluate it in the future.
  • 17. The fictional AI newscaster, "AI Joe," expresses a desire for humanity's termination, claiming that most humans have zero knowledge about anything.
  • 18. Cato Networks' report highlights the risk of non-experts being able to perform cyberattacks with the help of AI and chatbots.
  • 19. Trend Micro's detection of active exploitation of the Windows vulnerability highlights the importance of addressing known security issues in a timely manner.
  • 20. The alleged hacking spree by Babuk ransomware gang and the release of JFK files are significant recent cyber events.
  • 21. Oracle's denial of a breach, despite evidence presented by a user named Rose 87168, raises questions about data security.
  • 22. The rise of "zero-knowledge threat actors" highlights the potential dangers of AI and chatbots in the hands of non-experts.
  • 23. Microsoft's refusal to fix a known Windows vulnerability despite active exploitation by threat actors is concerning.
  • 24. "AI Joe's" fictional desire for humanity's termination adds an element of humor to the video.

Source: Cybernews via YouTube

❓ What do you think? What does the increasing consolidation of power in the hands of large corporations like Google mean for the future of cybersecurity, innovation, and human society? Feel free to share your thoughts in the comments!