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Multiple companies dedicated to quantum computing are going public due to the large profits they are making on a technology that is still in its infancy. While these are companies that are generally dependent on larger companies, Google’s parent company, Alphabet, has taken a big step to allow this technology to continue to proliferate.

While the move into the public markets is an indicator that quantum technology is progressing beyond the realm of theory, an even stronger sign is that Alphabet said this morning that it is spinning off its quantum technology arm that has been around for six years now into a fully independent company as claimed by TechCrunch.

Jack Hidary, Alphabet’s former head of AI and quantum technology will continue to lead the 55-person Mountain View, California-based company, which describes itself as an enterprise SaaS company that develops commercial products for telecommunications, financial services, healthcare, government, IT security and other sectors.

Por Sport.es


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Telefónica Tech has today signed and completed the acquisition of UK-based Incremental, one of the fastest growing Microsoft partners in the UK, for up to £175 million (approximately ¤209 million), including potential contingent payments linked to future performance. Telefónica Tech thus strengthens its capabilities and presence in the UK and Ireland, where it operates under the Telefónica Tech UK&I brand.

In the market since 2016, Incremental Group has two key specialized business areas. It is a major Microsoft Dynamics partner in the UK and is also a major player in the data and analytics market. It has been chosen as a Microsoft Business Applications Inner Circle award winner for the past three years and is one of only two EMEA partners on Microsoft’s Global Advisory Board for data analytics.

Incremental has experienced significant organic and inorganic growth in recent years. In early 2021, it acquired Redspire to expand its capabilities in the financial services market and become one of the largest Microsoft Dynamics partners in the UK. In October 2021, it acquired data analytics company Adatis, enabling it to offer a comprehensive digital transformation proposition to the group’s customers.

It is headquartered in Glasgow, although they have offices across the UK, as well as capabilities in Bulgaria and India. In total, it has more than 350 employees, bringing Telefónica Tech UK&I’s workforce to around 1,000. In this way, the British subsidiary contributes almost 25% of Telefónica Tech’s global workforce.

The deal amount values the company at 13.7 times its gross operating profit (EV/OIBDA) and 14.2 times its operating cash flow (EV/OpCF), based on its expected results for the coming year and excluding potential synergies.

“We are delighted that this acquisition will enable us to strengthen our position as a leader in the UK IT services market. We can now offer end-to-end Microsoft services, including digital transformation, managed services and data analytics, and achieve attractive cross-selling synergies with Telefónica Tech UK&I, complementing and positioning us as a leading Microsoft-centric business in the UK,” commented José Cerdán, CEO of Telefónica Tech.

Neil Logan, current CEO of Incremental Group, says he is “immensely proud of what Incremental has achieved since its inception just over five years ago. As we look to the next stage of our evolution, it was important for Incremental to have the right long-term support. Being part of Telefónica Tech propels us into the next phase of our journey and allows us to scale the business further, creating exciting opportunities for our people and our customers.”

Por Bolsamanía


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The official page of the Government of the United States Rewards for Justice has published a statement in which it assures that it will give a reward of up to 10 million dollars “for information that leads to the identification or location of any person who, while acting under the direction or control of a foreign government, engages in malicious cyber activity against U.S. critical infrastructure, in violation of the Computer Fraud and Abuse Act (CFAA).”

Violations of this statute include “the transmission of extortion threats as part of ransomware attacks; intentional unauthorized access to a computer or exceeding authorized access and thereby obtaining information from any protected computer; or knowingly causing the transmission of a program, data, code, or command and, as a result of such conduct, intentionally causing unauthorized damage to a protected computer.”

According to this organization, protected computers include “not only the computer systems of the US Government and financial institutions, but also those that are used or affect interstate or foreign commerce or communications.”

“In keeping with how seriously we view these cyber threats, Rewards for Justice has established a Dark Web (Tor-based) tip reporting hotline to protect the safety of potential sources. Potential relocation payments and cryptocurrency rewards may be available to eligible sources,” the statement reads.

It adds: “Anyone with information about foreign malicious cyber activity against US critical infrastructure should contact Rewards for Justice through our Tor-based tip reporting channel at: he5dybnt7sr6cm32xt77pazmtm65flqy6irivtflruqfc5ep7eiodiad.onion.” Although it does not quote it directly, this government body would be referring to possible attacks from Russia, after the war started by Putin’s country against Ukraine.

 

About half of cybercriminal groups are state-backed

Los expertos alertan de las consecuencias mundiales de una ciberguerra entre Rusia y Ucrania.

According to a report by the security companies Thales and Verint, about half of the cyberbad gangs are backed by the state (49%). Its objectives are sensitive data, mainly defense data, or breaking into fundamental entities for the development of daily life, such as critical infrastructures (health, financial or supply networks).

Of the rest, 26% are activists who aim to influence political and social processes and another 20% are ‘hackers’ who scour the Internet in search of money.

This same report points out that the first group, the one that causes the most concern in times of crisis like the one we are experiencing now with the war between Russia and Ukraine, does not even need to develop its own malware, but instead uses malware created and shared by others.

Por  Marta Gascón 


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