Leonardo, the defence company from Italy, is actively pursuing acquisitions in the cybersecurity sector, targeting a dozen companies both domestically and abroad. CEO Roberto Cingolani mentioned that some deals could be finalised by the end of the year. The company has been working on these acquisition processes for the past several months.
No acquisition will exceed 15% of the cyber division’s turnover, following guidelines set in Leonardo’s strategic plan. The company is prioritising cyber security as a key growth area, expecting strong double-digit expansion in this field in the coming years.
Leonardo aims to establish itself as a significant player in Europe’s cyber security market. Cingolani highlighted that the sector is at the heart of the group’s strategic development, especially as digitalisation continues to offer new opportunities.
The company’s 2024-2028 industrial plan outlines its commitment to strengthening its core businesses while also focusing on cybersecurity. Over the next five years, Leonardo forecasts a 16% rise in orders and a 13% growth in revenue in this area.
Duos Technologies Group, through its subsidiary Duos Edge AI, has entered a strategic partnership with Accu-Tech to expand the deployment of edge data centres across the US. This collaboration aims to meet the rising demand for faster data processing and improved connectivity in underserved areas.
With Accu-Tech’s established distribution network, Duos Edge AI plans to accelerate the rollout of its advanced computing solutions. President Doug Recker sees this as a key moment in providing critical technology to local communities. The growing edge computing market, expected to reach $43.4 billion by 2027, highlights the importance of this venture.
CEO Chuck Ferry emphasises the alignment between Duos’ vision and the need for innovative infrastructure to support local businesses. By partnering with Accu-Tech, Duos ensures both reliable installation and efficient operation of its edge data centres.
The first edge data centres are expected to be operational by Q4 2024. The collaboration is set to improve connectivity and optimise performance, bringing advanced technology to underserved regions across the country.
Google is gradually rolling out new security features to protect user data, focusing on preventing unauthorised access in cases of theft. The latest tools, which include Theft Detection Lock, Offline Device Lock, and Remote Lock, were announced in May and are becoming available on various Android devices.
Theft Detection Lock uses AI to lock the screen when it detects movement commonly associated with theft, such as someone snatching the phone. Offline Device Lock automatically secures the screen if a phone remains offline for a while, while Remote Lock allows users to lock their phone remotely using only their phone number, even if they can’t log into Find My Device.
Some users have reported seeing the features on devices like the Xiaomi 14T Pro, though others may need to wait as Google rolls out these updates over time. Users are encouraged to ensure their Google Play Services are updated to potentially access these features sooner.
The new security options are supported on Android 10 and up for Theft Detection Lock and Offline Device Lock, while Remote Lock works on devices running Android 5 and higher.
India’s Financial Intelligence Unit is investigating the Indian cryptocurrency exchange WazirX following a significant cyberattack that resulted in the theft of $235 million. The exchange is cooperating with government agencies and has provided authorities with extensive server logs and transaction data related to the incident, which occurred in July. Although no physical assets have been seized, WazirX is actively engaging with regulatory bodies to understand the broader implications of the hack on the unregulated crypto sector.
In a bid to enhance transparency, WazirX plans to publicly disclose wallet addresses through court affidavits and has committed to addressing user concerns. The exchange aims to establish a 10-member committee of creditors by 9 October to assist in its restructuring efforts, to return 52-55% of the remaining crypto assets to affected clients within six months.
Additionally, WazirX’s parent company, Zettai, is in discussions with 11 potential partners to explore capital injections and profit-sharing strategies that could aid in user recoveries. Following the hack, WazirX has sought a Scheme of Arrangement in Singapore under local insolvency laws. An independent audit revealed no evidence of wrongdoing by its custodian partner, Liminal Custody.
Vodafone has announced a significant development in its Giga TV service, as part of a renewed billion-dollar partnership with Google Cloud. Over the next ten years, Google’s artificial intelligence capabilities will be integrated into the platform to enhance personalisation and content discovery for its users.
The companies plan to leverage Google Cloud’s AI to improve Vodafone’s Android-based TV system in Germany. New features will help users find content more easily and deliver a more tailored viewing experience. Additionally, Google Ad Manager will be integrated into Giga TV, enhancing the advertising landscape within the platform.
Further collaboration will see YouTube become more deeply embedded in Vodafone’s TV devices, providing a richer video experience. These improvements are set to bring significant advancements in how viewers engage with television content, both in entertainment and beyond.
Margherita Della Valle, Vodafone Group CEO, expressed excitement about the partnership, emphasising how these AI-driven innovations will transform communication and learning. She highlighted the unprecedented scale on which the new content and services will be delivered to millions of users.
American Water, a major US utility, has disconnected parts of its computer network following a cybersecurity incident. The company, which serves over 14 million people, paused billing and customer service as a precaution.
The utility detected unauthorised activity on its systems on 3rd October, prompting the immediate disconnection of several systems. This step was taken to safeguard customer data and prevent potential damage to the environment.
Based in New Jersey, American Water has not yet provided further details about the nature of the breach. However, the US has faced numerous cyberattacks in recent years, often from criminals seeking cryptocurrency ransoms.
LEGO Group’s website was briefly compromised on 5 October, with a scam promoting a fake ‘LEGO Coin’ token appearing on the homepage. The message encouraged users to purchase the token in exchange for ‘secret rewards’ but redirected them to a phishing site. The scam was removed after about 75 minutes, and LEGO confirmed that no user accounts had been compromised.
LEGO has since assured customers that the issue has been resolved and steps are being taken to prevent future incidents. Despite earlier hints in 2021 about entering the NFT space, LEGO has not officially pursued any crypto-related ventures.
This incident highlights the ongoing threat of cryptocurrency scams, which saw $127 million stolen from victims in the third quarter of 2024, with September alone accounting for $46 million in losses.
Atos, the French IT firm, is pushing forward with efforts to sell its most strategic assets, including cybersecurity and supercomputing units, to the French government. The company, which supports the country’s military and secret services, announced that despite the expiration of an initial offer, discussions remain open, with a new proposal already submitted.
The company has been undergoing financial restructuring, having secured an agreement with key creditors earlier this year. The government in France, keen to retain control over critical technology, intends to continue negotiations and has promised a revised acquisition plan soon.
Atos shares have experienced a severe decline, falling 0.6% in early Paris trading and down 90% overall this year. Concerns over the country’s budget deficit, expected to reach 6.1% of GDP this year, may affect the government’s ability to mobilise the necessary funds for the acquisition.
The strategic assets at stake include Atos’ Advanced Computing, Critical Systems, and Cyber Products units. These divisions employ around 4,000 people and generate nearly €900 million in annual revenue. Any deal would require approval from the Nanterre Commercial Court, with a decision expected later this month.
The Federal Communications Commission (FCC) has granted permission to SpaceX and T-Mobile to activate Starlink’s direct-to-cell capability for hurricane-hit regions in North Carolina. This emergency measure aims to restore communication services in areas heavily impacted by Hurricane Helene, where over 74% of cell towers were initially knocked out.
SpaceX’s satellites have already begun transmitting emergency alerts to mobile networks across the state. Basic texting on T-Mobile’s network is also under testing as part of efforts to reconnect people in affected areas. According to the FCC, only 17% of cell towers now remain offline as restoration teams work to bring the infrastructure back online.
T-Mobile noted that, while the full deployment of Starlink’s direct-to-cell constellation has not yet occurred, even early access to the system is aiding first responders in their rescue missions. Their network is almost fully restored, with minimal disruptions persisting in some remote areas.
Although Starlink’s full capabilities are still under development, FCC Commissioner Brendan Carr emphasised the critical need to manage expectations. The system is offering partial but vital assistance to communities as recovery efforts continue.
VGTRK, Russia’s state media giant, has been hit by a large-scale cyberattack. The company, which operates key national TV and radio stations, confirmed its online services were disrupted, though broadcasting remains unaffected. Kremlin spokesman Dmitry Peskov described the attack as unprecedented, adding that specialists were investigating the source.
A Ukrainian government source claimed responsibility, stating that the attack coincided with President Vladimir Putin’s birthday. However, these assertions have not been independently verified. VGTRK’s website and online news channel were unavailable following the attack.
The disruption affected internal services, with reports of widespread damage. Some sources suggested hackers wiped critical data, including backups. VGTRK has yet to issue an official comment on the full extent of the breach or recovery efforts.
Maria Zakharova, Russia’s Foreign Ministry spokesperson, did not directly blame any group but linked the incident to a broader ‘hybrid war’ against media in Russia. Moscow plans to address the cyberattack at international forums like UNESCO.
