The Justice Department reveals a foiled malware attack on Tesla. Facebook is testing linking your message subscriptions to your social network account, and Xiaomi has plans for sub-picture cameras. This is your daily crisis for August 28, 2020.
The big story: Tesla targets ransomware attacks
The Justice Department published a complaint Thursday describing a foiled malware attack against an unidentified company in Sparks, Nevada, where Tesla has a factory. And Elon Musk confirmed in a tweet that Tesla was the target: "This was a major attack."
In the complaint, the Ministry of Justice alleged that a Russian citizen Egor Igorevich Kriuchkov attempted to recruit and bribe a Tesla employee to introduce malware into the corporate network – specifically ransomware, which encrypts a victim's files and, in this case, exfiltrates the data as well would have to go to the hacker's servers.
The technology giants
Facebook Tests to Link Your FB Account to Your News Subscriptions – If you come across a paywall article on Facebook after linking, you can read it without touching the paywall or logging in again.
Xiaomi plans to bring sub-picture cameras to its smartphones in the next year. The company says it was able to effectively double the pixel density of the competing technology and let light into the camera without compromising the evenness of the screen.
Startups, Financing and Venture Capital
Railsbank is buying Wirecard Card Solutions, the UK arm of the disgraced fintech – Wirecard went bankrupt earlier this year after being exposed to a major accounting scandal and subsequently failing to make payments for $ 1.5 billion in loans .
Steno raises $ 3.5 million led by First Round to become an extension of law firms. Steno's first offer is drawing up and paying for court clerks, removing both potential headaches from attorneys' to-do lists.
Femtech is facing growth beyond fertility – this emerges from a PitchBook analyst report highlighting opportunities for entrepreneurs to expand from a traditional focus on reproductive health.
Advice and analysis of extra crunch
SaaS stocks survive the gains and keep the software startups and exits market warm. We're on the other end of almost every single SaaS earnings report you can name (with the exception of Slack).
Podcast is Social: How China's Lizhi Makes Audio Interactive – "I've learned from my time on the radio that interaction is the best monetization model in the audio business," said founder Marco Lai.
What does GPT-3 mean for the future of the legal profession? – Rudy DeFelice of Keesal Propulsion Labs argues that GPT-3 could play a critical role in legal and other knowledge-based organizations.
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GM is moving the Corvette engineering team to its electric and autonomous vehicle programs – specifically the team responsible for the mid-engined Chevrolet Corvette.
An Android security bug allows malicious apps to remove private user data – App Security Start Oversecured found the bug in Google's widely used Play Core library.
Laura Deming, Frederik Groce, Amish Jani, Jessica Verrilli and Vanessa Larco come to Disrupt – they are just five of this year's Startup Battlefield judges.
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