Huawei’s possible lawsuit, ransomware readiness, old malware resurfaces | TECH(feed)

hey everyone, welcome back to tech feed. i’m juliet beauchamp. today we’re talking malware threats, u-s/huawei
conflict and yet another silicon valley company is prepping to go public. can you guess which one? stick around. a new report from lloyds of london questions
whether or not the world is ready for the next big ransomware attack. the report analyzes two of the more recent
large scale ransomware attacks–notpetya and wannacry–and the billions of dollars in damage
they caused. the hypothetical ransomware attack detailed
in the lloyds report would result in losses of up to one hundred ninety-three billion
dollars and affect 600 thousand business. while this report was purely hypothetical
and this attack would be unlikely, the threat of a ransomware attack affecting multiple
industries still exists. it serves as a reminder that businesses should
take steps to minimize the risk of attack. some ways to do so include patching vulnerabilities
quickly, segregating networks and filtering suspicious email attachments. let’s shift gears a bit and talk about very
real malware that’s currently affecting business. q-bot malware has resurfaced and was uncovered
after a customer alerted varonis, a security software company, to suspicious activity on
a computer. the malware was attempting to spread to other
computers in the victim’s network. the malware is installed via email attachment
with the aim to steal financial information. varonis investigated the attack and uncovered
logs showing two thousand, seven hundred twenty-six unique i-p addresses affected by q-bot. many
of the compromised systems had antivirus software installed, which demonstrates q-bot’s ability
to bypass such such software. again, it’s important to keep an eye out
for suspicious emails to keep you and your systems safe from attacks. and…. lyft is the latest silicon valley company
planning to go public this year. in its filing, the ride sharing company noted
revenue of 2.2 billion dollars with losses of 9 hundred eleven point three million. as it expands, lyft noted it may not be able
to quote “achieve or maintain profitability in the future.” the company filed confidentially back in december,
on the same day its competitor, uber. both have been racing to be the first publicly-traded
ride sharing company, but it’s looking like lyft will win that competition and will likely
begin trading in april. 2019 is bound to be big for tech companies
going public, and we’ll keep you updated as more prep for ipo. the new york times reported that chinese tech
giant huawei is preparing to sue the united states government. if you’ve been keeping up with our discussion
of the ongoing conflict between the u-s and huawei, this likely comes as no surprise. the u-s has tried to persuade other nations
against using huawei equipment to build 5-g networks, mostly unsuccessfully. and back
in december, canadian authorities arrested the cfo of huawei at the direction of the
united states. the lawsuit will likely challenge a section
of a defense spending law that bars u-s executive agencies from using equipment from huawei
and z-t-e, another chinese tech company. huawei’s argument will likely be that it
is unconstitutional to pass a law that punishes specific groups without trial. these plans are not final, so it’s possible
huawei may not file a lawsuit at all. we’ll keep you in the loop. thanks for watching today’s episode of tech
feed. if you liked this video, be sure to give it a thumbs up and subscribe to our channel. and let me know in the comments what you think
about this ongoing battle between huawei and the u-s… i think it’ll be pretty interesting
to see how it plays out. see you next time.

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