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Apple confirms $1 billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia's Public Investment Fund for investment ...


Apple confirms  billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia’s Public Investment Fund for investment and can be as much as $ 45 billion.

“We believe their new fund and will the speed of the development of technology that can be strategically important to Apple,” company spokesman Josh Rosenstock told Reuters.

Softbank has also said that he planned to do in the future on large scale investments through the technology fund, rather than on its own.

Reuters reported in December, citing sources familiar with the matter, that Apple has held talks with Softbank oor’n investment.

Soft confirmed that Apple investment, says Benjamin Spicehandler, the outside public relations representative for Softbank. He added that Foxconn, Oracle founder Larry Ellison family office and chipmaker Qualcomm has also said that they plan to invest in the fund.

(Reporting by Aishwarya Venugopal in Bengaluru and Stephen Nellis in San Francisco; Editing by Saumyadeb Chakrabarty and Dan Grebler)

Apple shows ambition to get into self-driving car race


Apple shows ambition to get into self-driving car race

Apple offers big cash rewards for help finding security bugs


Apple offers big cash rewards for help finding security bugs

LAS VEGAS (Reuters) – Apple Inc said they plan to to offer rewards up to $ 200,000 (a £ 152 433) to researchers critical security to find faults in its products, with dozens of companies that have already payments for assistance uncovered errors offer in their products.

The author of iPhones and iPads provided Reuters with the details of the plan, which some of the greatest treasures which includes, to date, for revealing that Thursday afternoon at the Black Hat cyber security conference in Las Vegas.

The program will initially be limited to about two dozen researchers who Apple will invite to help identify hard-to-bare-safety errors in five specific categories.

The researchers are selected from the group of experts which Apple previously helped identify errors, but does not compensate for that work, the company said.

The most profitable category, which rewards of up to $ 200,000 provides is for bugs in Apple’s “secure boot” firmware for preventing unauthorized programs from launching when an iOS device is operated.

Apple said that the decision to increase the size of the program on the advice of other companies that launched earlier abundance program limited.

These companies have said that if they do it again, they will start by inviting to join a small list of researchers, then gradually open over time, according to Apple.

security analyst Rich Mogull said that limiting participation would save Apple from handling an avalanche of “low-value” bug reports.

“Full open program can certainly manage a large part of the funds,” he said.

Apple declined to say which companies offer advice.

These benefits currently offered by dozens of companies, including AT & amp; amp; T Inc., Facebook Inc., Google, Microsoft Corp., Tesla Motors Inc. and Yahoo Inc.

Microsoft, which distributed $ 1.5 million in gifts to security researchers, since three years ago launched its program also offers a reward for identifying highly specific types of errors. The two biggest payouts was $ 100,000 each.

Not all the abundance program is targeted as the children of Apple and Microsoft.

Facebook, for example, has an open program that offers rewards for a wide range of vulnerabilities. This has paid more than $ 4 million over the past five years, with last year’s average payment of $ 1.780.

In March, Facebook will pay $ 10,000 to a 10-year-old boy in Finland found. One way to remove comments from Instagram user accounts

(Reporting by Jim Finkle; Editing by Andrew Hay)

Apple users targeted in first known Mac ransomware campaign


Apple users targeted in first known Mac ransomware campaign

Boston (Reuters) -. Apple Inc. customers targeted by hackers over the weekend in the first campaign against Macintosh computers using a malicious type of software known as ransomware, researchers at Palo Alto Networks Inc. Reuters on Sunday

Ransomware, one of the fastest growing forms of cyber threats, encrypts data on infected machines, asks users typically paid lospryse in hard-to-rail digital currency to get an electronic key so that they can restore their data.

Security experts estimate that total hundreds of millions of dollars a year from such lospryse cybercriminals typically target users of Windows operating system from Microsoft Corp’s.

Palo Alto Threat Intelligence Director Ryan Olson said the “KeRanger” malware, which will appear on Friday, the first function ransomware attack Apple Mac computers.

“It is the first in nature which certainly functional, encrypts your files and attempts to ransom,” Olson said in a telephone interview.

An Apple representative said the company has taken steps over the weekend to prevent attacks by withdrawing a digital certificate from a legitimate Apple developer to install rogue software on Macs. The representative said he could not immediately provide other details.

The malware is programmed to encrypt files on an infected computer three days after the initial infection, according to Olson.

This means that if Apple’s steps proved effective in neutralizing malware that has already infected Macs, the earliest victims will encrypt their files on Monday, three days after the malicious program first appeared on the Tranmission website does he have.

transfer site offers open source software infected with ransomware.

Palo Alto said he plans to recommend a blog Mac users on ways to watch to see if they are infected with the virus and steps they can take to protect against the detrimental their data free, says Olson.

Transmission is one of the most popular Mac applications used to download software, videos, music and other data by dividing the BitTorrent peer-to-peer information network, according to Olson.

Representatives of transmission could not be reached immediately for comment.

The project site, www.transmissionbt.com yesterday carried a warning saying that version 2.90 of its Mac software is infected with malware.

It advised users to upgrade immediately to version 2.91 of the software was available on the website, or remove the evil man.

It is also equipped with technical information on how users can check to see if she is hit.

(Editing by Jeffrey Benkoe)

Google boss backs Apple in encryption battle with FBI


Paris (AFP) – Google chief Sundar Pichai yesterday its support for Apple in its standoff with the FBI about unlocking an iPhone as part of a terrorism investigation, warns that may create so-called “backdoors” in encrypted communications “bad consequences”.

“We want a strong stance against any form of backdoor take whatever not,” says CEO Pichai during a conference at Sciences Po University of Paris, as he robe in the controversy.

“If you create backdooors lead to very, very bad consequences which always ends detrimental users.”

Apple has found itself at the heart of a fine folders legal battle after a US judge has ordered that the technology giant a way to the encrypted iPhone of American citizen Syed Farook, a gangster in deadly San Bernardino shooting last year find unlock.

“User privacy is at the heart of what we do,” Pichai added in the past, though he has taken note of the company together with governments to, for legal processes result.

His remarks echo in a series of tweets last week, in which he gives “law enforcement access to information based on valid legal orders” was “totally different from what companies burglary Devices & amp; amp; customer data to enable “.

Apple has the support of a number of Silicon Valley companies in its legal battle with Facebook’s Mark Zuckerberg said yesterday that he was “quite sympathetic” with Apple’s dilemma.