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News on Medial
New Book "Palo Alto" Explores the History of California's Capitalism
Robots
·
1y ago
Medial
In a recent interview, author and critic Malcolm Harris discussed his latest book, "Palo Alto: A History of California, Capitalism, and the World." Harris provides a fresh perspective on California's history and its relationship with capitalism, challenging conventional beliefs. Key themes include wealth in Silicon Valley, the absence of tech labor unions, the cult of tech entrepreneur personalities, and philanthropy's limitations. Harris critiques tech oligarchs like Musk and Zuckerberg, addresses diversity issues, and questions the impact of tech billionaires' philanthropic efforts, prompting important conversations about power, wealth, and societal impact.
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Uber appoints Palo Alto CEO Nikesh Arora to board
Economic Times
·
2m ago
Medial
Uber has appointed Nikesh Arora, CEO of Palo Alto Networks, to its board. He will serve on the Nominating and Governance Committee and Compensation Committee. Arora has led Palo Alto Networks since 2018 and has a history with companies like SoftBank and Google. Uber’s CEO Dara Khosrowshahi praised Arora’s strategic abilities. As a board member, Arora will receive a $60,000 annual cash retainer and restricted stock units worth $300,000.
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Who is Nikesh Arora? Indian origin executive who earned 2nd highest paycheck.
Livemint
·
1y ago
Medial
The Indian-origin CEO of Palo Alto Networks, Nikesh Arora, ranked second on the Wall Street Journal's list of highest-paid CEOs in the US in 2023. With a compensation of $151.43 million, Arora's earnings exceeded those of other prominent tech executives such as Mark Zuckerberg of Meta and Sundar Pichai of Google. Prior to his role at Palo Alto Networks, Arora had an impressive career at companies like Google and Softbank, where he received significant compensation packages. Palo Alto Networks justified Arora's high pay by highlighting his strong performance and the importance of retaining his talent.
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Started with only Rs 1700, IITian and tech titan Nikesh Arora rose to outearn Mark Zuckerberg and Sundar Pichai
Economic Times
·
1m ago
Medial
Nikesh Arora, CEO of Palo Alto Networks, surpassed tech leaders like Mark Zuckerberg and Sundar Pichai, earning $151.43 million in 2023. Raised in a modest household in Ghaziabad, India, Arora faced over 400 rejections before achieving success. His career includes pivotal roles at Fidelity Investments, Google, and SoftBank. At Palo Alto Networks, he drove growth from $18 billion to over $100 billion, emphasizing innovation, cloud security, and AI. Arora advocates for applying global technologies to local contexts.
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Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report - The Economic Times
Economic Times
·
11d ago
Medial
Palo Alto Networks is reportedly in talks to acquire Israeli cybersecurity firm CyberArk Software in a deal potentially valuing over $20 billion. This news, reported by the Wall Street Journal, resulted in CyberArk shares rising by approximately 13% and a slight dip in Palo Alto Networks' stock. The deal highlights ongoing activity in the cybersecurity sector, with significant investments and acquisitions reshaping the industry landscape. Finalization could occur soon, although neither company commented on the report.
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Palo Alto in advanced talks to buy Talon and Dig in a $1B security sweep
TechCrunch
·
1y ago
Medial
Palo Alto Networks is reportedly in talks to acquire two Israeli security startups, Talon Cyber Security and Dig Security, for a combined total of around $1 billion. Talon Cyber Security has developed an enterprise browser for securing distributed workforces, while Dig Security specializes in data security across public clouds. The potential acquisitions reflect the ongoing demand for cybersecurity services and highlight the trend of larger companies acquiring smaller startups to stay ahead of evolving cyber threats. The deals could bolster Palo Alto Networks' portfolio and competitiveness in the cybersecurity market.
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“Highly capable” hackers root corporate networks by exploiting firewall 0-day
Arstechnica
·
1y ago
Medial
Hackers are exploiting a critical vulnerability in Palo Alto Networks' firewall product to gain unauthorized access to corporate networks. The vulnerability, known as CVE-2024-3400, allows the hackers to execute malicious code with root privileges, giving them complete control over the targeted system. The attacks, which started two weeks ago, have prompted Palo Alto Networks to issue mitigation guidance, urging affected customers to enable threat protection and temporarily disable certain features. Security firm Volexity, which discovered the attacks, suspects that the hackers are a highly capable group likely backed by a nation-state.
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“Highly capable” hackers root corporate networks by exploiting firewall 0-day
Arstechnica
·
1y ago
Medial
Hackers are exploiting a zero-day vulnerability in Palo Alto Networks' firewall product, allowing them to gain unauthorized access to corporate networks. The vulnerability, known as CVE-2024-3400, has a severity rating of 10.0 and has been actively exploited for at least two weeks. The attacks are the latest in a series targeting firewalls, VPNs, and file-transfer appliances. Palo Alto Networks is yet to release a patch but has provided workaround and mitigation guidance. The security firm that discovered the attacks, Volexity, suspects that the hackers are "highly capable" and likely backed by a nation-state.
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Edtech company Skill-Lync fires over 200 employees
Entrackr
·
2y ago
Medial
Engineering-focused edtech startup Skill-Lync has laid off more than 200 employees as the company plans to reduce its cost. This is the second round of layoffs at the Chennai and Palo Alto-based startup in 2023.
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Palo Alto Networks' firewall bug under attack brings fresh havoc to thousands of companies
TechCrunch
·
1y ago
Medial
Palo Alto Networks has issued an urgent patch to fix a zero-day vulnerability in its GlobalProtect firewall products after hackers began exploiting the bug to access corporate networks. The vulnerability, known as CVE-2024-3400, allows hackers to take control of the affected firewall remotely over the internet without authentication. The company has given the bug a maximum severity rating and has advised customers to update their systems as it has observed an increasing number of attacks exploiting this vulnerability. Over 156,000 potentially affected Palo Alto firewall devices were identified. This incident highlights the ongoing vulnerabilities in corporate security devices such as firewalls and VPN products.
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The SpaceX guide to exceptional engineering | Company Business News
Livemint
·
8m ago
Medial
"Reentry" by Eric Berger is a book that explores the incredible achievements of SpaceX and Elon Musk in revolutionizing space travel through the development of reusable rockets. The book highlights the engineering prowess, government support, and demanding culture that contributed to the success of the Falcon 9 rocket. It delves into the challenges faced by SpaceX, their pursuit of large government contracts, and their ultimate goal of creating a largely reusable rocket that could change the course of history. The book also emphasizes the importance of alignment between Musk and his employees in achieving greatness.
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