Big deals are emerging in the liquidity-flushed tech and digital space boosted by two primary reasons. One, consolidation due to the fast-evolving online space, which many legacy companies cannot quickly adopt to, where the pandemic has also played a big role. The second being the hunger of the unicorns to become decacorns of the future by beefing up the businesses, especially ahead of their IPO prep work as the investors have been very generous in ascribing them high valuations. So the outcome is that we are now transitioning into an evolved business model of omi-channel approach and the lines between the off-line as well as the online businesses are blurring fast.

Saudi Aramco has acknowledged that leaked data from the company files is apparently being used in a cyberextortion attempt involving a $50 million ransom demand.

IT services major Wipro on Tuesday said it has sold its entire stake in IntSights, a cyber threat intelligence service provider, for USD 19.17 million (about Rs 143.3 crore). On Monday, security analytics and automation firm Rapid7, Inc had announced the acquisition of IntSights Cyber Intelligence Ltd - which provides contextualised external threat intelligence and proactive threat remediation - for USD 335 million in cash and stock.

The Amazon founder, who stepped down as CEO on July 5, expressed his ‘gratitude’ with good intentions but the result turned out to be just the opposite.