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Ubisoft investigates hack attempt
Economic Times
·
1y ago
Medial
French video game publisher Ubisoft is investigating a potential data security breach after hackers attempted to steal 900 gigabytes of data from their servers. This comes after recent cyberattacks on other major players in the industry, including Sony unit Insomniac Games. Insomniac Games was targeted with ransomware, resulting in leaked company information and material related to upcoming video game projects. Ubisoft, known for games like "Assassin's Creed" and "Far Cry," is currently investigating the alleged incident.
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Related News
Microsoft pushes to get Activision deal done with fresh UK offer
Livemint
·
1y ago
Medial
Activision Blizzard proposes to sell its streaming rights to Ubisoft Entertainment in a fresh attempt to win approval from UK Competition and Markets Authority for its $69 billion sale to Microsoft
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Ubisoft let me actually speak with its new AI-powered video game NPCs
The Verge
·
1y ago
Medial
Ubisoft has showcased a prototype demo featuring their new "Neo NPCs," which aim to deliver realistic interactions in video games. The demo includes conversations with NPCs who attempt to engage the player's emotions and involve them in decision-making. While Ubisoft claims to have made breakthroughs in real-time emotion and animation, contextual awareness, and collaborative decision-making, the demo has some awkward moments and lacks depth. However, it is a step forward in giving players a reason to interact with NPCs and could pave the way for more intelligent game worlds.
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What we know about suspected Iranian cyber intrusion in the US presidential race
Economic Times
·
11m ago
Medial
The FBI is investigating a suspected Iranian cyber intrusion into the campaign of Donald Trump, resulting in the theft of internal campaign documents. The Trump campaign has blamed Iran for the hack, citing a Microsoft report detailing an Iranian attempt to infiltrate a presidential campaign. The FBI is also investigating attempts to gain access to President Joe Biden's reelection campaign. It is unclear whether the leaked materials received by news outlets were related to the alleged campaign hack. Cybersecurity experts warn that foreign intrusion attempts may continue to influence the US election.
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Ubisoft activist investor says it has support of 10% of shareholders in management tussle
Economic Times
·
10m ago
Medial
Activist investor AJ Investments has gained support from 10% of Ubisoft shareholders in its push for the sale of the French videogame publisher. AJ Investments, which holds less than 1% stake in Ubisoft, is in talks with private equity firms for its campaign. The activist investor has called on Ubisoft's management to allow the sale of the company at a fair price. This comes after AJ Investments previously called for a CEO change and urged Ubisoft to go private or be sold. Ubisoft's shares have declined over 30% this month following the announcement of a delayed release for the next Assassin's Creed game.
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US antitrust enforcer says pressing on with fight against Microsoft/Activision deal
Economic Times
·
1y ago
Medial
The US Federal Trade Commission (FTC) is persisting with its opposition to Microsoft's $69 billion deal to acquire Activision, and it will also evaluate Microsoft and Activision's agreement with Ubisoft. The companies completed their deal after receiving approval from UK regulators with the condition that streaming rights to Activision's games be sold to Ubisoft to address competition concerns. The FTC has an upcoming argument scheduled before an appeals court and continues to view the deal as a threat to competition.
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Ubisoft Montreal Employees Furious About Mandated Return to Office
CityLife Capetown
·
1y ago
Medial
According to a recent IGN article, employees at Ubisoft Montreal are expressing frustration and anger over the company's decision to mandate a return to the office. After years of remote work, employees feel that Ubisoft management has broken promises and ignored their needs. They cite concerns about noisy open offices, increased expenses, lack of accommodations, and the ongoing COVID-19 pandemic. Some speculate that the return is a tactic to reduce headcount without severance. The decision reflects broader issues of trust, transparency, and employee well-being within the company.
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The hacking of presidential campaigns begins, with the usual fog of motives
Economic Times
·
12m ago
Medial
Microsoft has reported that a hacking group affiliated with Iran's Revolutionary Guard successfully breached the account of a former senior adviser to a presidential campaign. The group used spear phishing techniques to send fake emails in an attempt to gain access to the campaign's accounts and databases. Former President Donald Trump claimed that his campaign was hacked by the Iranian government, but Microsoft stated that only publicly available information was obtained. There is uncertainty about the extent of the breach and whether leaked documents were related to the Iranian hack. The Iranians are believed to be motivated by a desire to see Trump defeated due to his actions against Iran during his presidency.
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UK initiates new investigation into Microsoft's Activision Blizzard acquisition
Livemint
·
1y ago
Medial
The UK's antitrust watchdog, the Competition and Markets Authority, is launching a new investigation into Microsoft's acquisition of Activision Blizzard due to significant changes in the proposed deal. Microsoft's intention to sell rights to Ubisoft has prompted this reevaluation, a rare occurrence at this stage of a merger review.
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WazirX To Set Up Committee Of Creditors After $234 Mn Hack
Inc42
·
10m ago
Medial
- WazirX forms a committee of creditors (CoC) after suffering a $234 Mn hack - The committee will be comprised of 10 members, including affected users, to provide advice and feedback on the restructuring plan - A Singapore court has granted WazirX a conditional four-month moratorium - The cryptocurrency exchange is rushing to restructure its liabilities following the hack - The committee formation deadline is set for October 9th
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Hack VC Closes $150M Venture Fund I
Finsmes
·
1y ago
Medial
Hack VC, a web3 venture capital firm based in NYC, has raised $150 million for its Venture Fund I. This fund, combined with their inaugural $200 million fund, brings their total assets under management to around $425 million. Hack VC now has a total of $350 million in commitments across their first two funds. The firm's focus is on investing in startups operating in the tech venture capital industry.
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