Security

Hospital Cyber Attacks Surge, Risking Struggling Bottom Lines (bloomberg.com) 40

Cyberattacks on US hospitals are on the rise, adding a layer of financial pressure onto an industry still struggling to recover from the pandemic. From a report: Health facilities have been hit with 226 digital incursions affecting 36 million people this year, on track to be more widespread than 2022 attacks, according to John Riggi, the national advisor for cybersecurity and risk at the American Hospital Association. Cyber raids on hospitals more than tripled in the past five years and have become more sophisticated, just when hospitals are coping with higher costs for labor and supplies and grappling with staff shortages. The industry in 2022 had what Moody's Investors Service analyst Matthew Cahill called "arguably the worst year in health-care history" for financial performance. "There's really no wiggle room for hospitals to deal with this," Cahill said in an interview. He said cyber risk has contributed to downgrades, including one at Missouri's Capital Region Medical Center last year following a breach.

Health-care facilities are attractive targets for cybercriminals because they hold ample personal data on patients, Matt Fabian and Lisa Washburn of Municipal Market Analytics wrote in a research note. Staffing shortages and wide use of third-party technology make the sector particularly vulnerable. The problem is particularly dire at smaller and rural hospitals, which have more financial distress and tend to use older technology. In an April note, Moody's cited an IBM survey that showed hospitals for 12 years have had the highest average cyberattack cost per industry, with $10.1 million in 2022. The AHA's Riggi said that while most hospitals have insurance, the cost to recover from attacks could be up to 10 times what insurance pays out.

Security

SMS Phishers Harvested Phone Numbers, Shipment Data From UPS Tracking Tool (krebsonsecurity.com) 12

An anonymous reader quotes a report from KrebsOnSecurity: The United Parcel Service (UPS) says fraudsters have been harvesting phone numbers and other information from its online shipment tracking tool in Canada to send highly targeted SMS phishing (a.k.a. "smishing") messages that spoofed UPS and other top brands. The missives addressed recipients by name, included details about recent orders, and warned that those orders wouldn't be shipped unless the customer paid an added delivery fee. In a snail mail letter sent this month to Canadian customers, UPS Canada Ltd. said it is aware that some package recipients have received fraudulent text messages demanding payment before a package can be delivered, and that it has been working with partners in its delivery chain to try to understand how the fraud was occurring.

"During that review, UPS discovered a method by which a person who searched for a particular package or misused a package look-up tool could obtain more information about the delivery, potentially including a recipient's phone number," the letter reads. "Because this information could be misused by third parties, including potentially in a smishing scheme, UPS has taken steps to limit access to that information." The written notice goes on to say UPS believes the data exposure "affected packages for a small group of shippers and some of their customers from February 1, 2022 to April 24, 2023." [...]

In a statement provided to KrebsOnSecurity, Sandy Springs, Ga. based UPS [NYSE:UPS] said the company has been working with partners in the delivery chain to understand how that fraud was being perpetrated, as well as with law enforcement and third-party experts to identify the cause of this scheme and to put a stop to it. "Law enforcement has indicated that there has been an increase in smishing impacting a number of shippers and many different industries," reads an email from Brian Hughes, director of financial and strategy communications at UPS. "Out of an abundance of caution, UPS is sending privacy incident notification letters to individuals in Canada whose information may have been impacted," Hughes said. "We encourage our customers and general consumers to learn about the ways they can stay protected against attempts like this by visiting the UPS Fight Fraud website."

IT

DuckDuckGo Browser Beta for Windows Bakes in a Lot of Privacy Tools (arstechnica.com) 21

Privacy-focused firm DuckDuckGo has released a public beta of its browser for Windows, offering more default privacy protections and an assortment of Duck-made browsing tools. From a report: Like its Mac browser, DuckDuckGo (DDG) uses "the underlying operating system rendering API" rather than its own forked browser code. That's "a Windows WebView2 call that utilizes the Blink rendering engine underneath," according to DuckDuckGo's blog post. Fittingly, the browser reports itself as Microsoft Edge at most header-scanning sites. Inside the DuckDuckGo browser, you'll find:

1. Duck Player, which shows (most) YouTube videos "without privacy-invading ads" and doesn't feed your recommendations
2. Tracker blocking that DDG cites as "above and beyond" other browsers, including third-party tracker loading
3. Enforced encryption
4. The "fire button" that instantly closes all tabs and clears website data
5. Cookie pop-up management, automatically selecting a private option and hiding "I accept" pop-ups
6. Email protection, making it easier to use an auto-forwarding duck.com address on web forms

Security

Latest SUSE Linux Enterprise Goes All in With Confidential Computing 7

SUSE's latest release of SUSE Linux Enterprise 15 Service Pack 5 (SLE 15 SP5) has a focus on security, claiming it as the first distro to offer full support for confidential computing to protect data. From a report: According to SUSE, the latest version of its enterprise platform is designed to deliver high-performance computing capabilities, with an inevitable mention of AI/ML workloads, plus it claims to have extended its live-patching capabilities. The release also comes just weeks after the community release openSUSE Leap 15.5 was made available, with the two sharing a common core. The Reg's resident open source guru noted that Leap 15.6 has now been confirmed as under development, which implies that a future SLE 15 SP6 should also be in the pipeline.

SUSE announced the latest version at its SUSECON event in Munich, along with a new report on cloud security issues claiming that more than 88 percent of IT teams have reported at least one cloud security incident over the the past year. This appears to be the justification for the claim that SLE 15 SP5 is the first Linux distro to support "the entire spectrum" of confidential computing, allowing customers to run fully encrypted virtual machines on their infrastructure to protect applications and their associated data. Confidential computing relies on hardware-based security mechanisms in the processor to provide this protection, so enterprises hoping to take advantage of this will need to ensure their servers have the necessary support, such as AMD's Secure Encrypted Virtualization-Secure Nested Paging (SEV-SNP) and Intel's Trust Domain Extensions (TDX).
Social Networks

Some Subreddits Are Now Filled With Porn To Protest Reddit 101

An anonymous reader shares a report: A handful of subreddits have classified themselves as not safe for work (NSFW) to protest Reddit's recent treatment of the platform's volunteer moderators, and as a result, some non-porn communities are starting to get a lot of porn. More than 8,000 subreddits went dark last week in protest of the company's API pricing changes that are set to shut down popular third-party apps. But as the protests went on, Reddit started to push back. In an interview with The Verge, CEO Steve Huffman said that, while the platform allows the protests, "the users are not in support of it now. It's like a protest in a city that goes on too long, and the rest of the citizens of the city would like to go about their lives."

In an interview with NBC News, Huffman characterized moderators as "landed gentry." And some mods have felt threatened by messages sent to them by the company. Thousands of subreddits have reopened; one tracker indicates only about 3,300 remain private or restricted. But switching to NSFW creates a new level of friction in reopened communities.
Apple

iOS 17 and macOS Sonoma Automatically Generates Apple ID Passkeys (9to5mac.com) 32

You can now forgo entering your password on icloud.com and apple.com domains thanks to newly added passkey support. From a report: When running iOS 17 on an iPhone, any Apple site on the web can rely instead on Face ID or Touch ID to authenticate your login. As part of iOS 17, iPadOS 17, and macOS Sonoma, your Apple ID is automatically assigned a passkey that can be used for iCloud and Apple sites. If you're running iOS 17 on your iPhone, you can try it out now. Just go to any sign-in page with an apple.com or icloud.com domain, like appleid.apple.com or www.apple.com/shop/bag, and look for the Sign in with iPhone button after your enter your Apple ID email address. We've tried this from Safari on the Mac, although you can use passkeys on non-Apple devices as well. Once you select Sign in with iPhone, a QR code is presented that you scan with your iPhone. If you scan the QR code from the Camera app, you can tap the yellow link box to invoke Face ID or Touch ID to authenticate your identity on the web without ever entering your password.
Apple

Apple Expanding Self-Service Repair Program To iPhone 14 Lineup and More Macs (macrumors.com) 16

Apple today announced that its self-service repair program will be expanding to the iPhone 14 lineup, 13-inch MacBook Air with the M2 chip, and 14-inch and 16-inch MacBook Pro models with M2 Pro and M2 Max chips starting June 21. From a report: First launched in April 2022, Apple's program provides customers with access to parts, manuals, and tools to repair select devices. Apple says the program is designed for anyone with "experience repairing electronic devices," but says the "vast majority" of customers are better off visiting an Apple Store or Apple Authorized Service Provider. Apple also announced that customers can now complete the post-repair System Configuration process by placing the device into Diagnostics Mode and following the on-screen prompts. Users no longer need to contact the program's support team to complete this step, which verifies that the parts are genuine and working properly.
Wireless Networking

ASUS Urges Customers To Patch Critical Router Vulnerabilities (bleepingcomputer.com) 25

ASUS has released new firmware for several router models to address security vulnerabilities, including critical ones like CVE-2022-26376 and CVE-2018-1160, which can lead to denial-of-service attacks and code execution. The company advises customers to update their devices immediately or restrict WAN access until the devices are secured, urging them to create strong passwords and follow security measures. BleepingComputer reports: The first is a critical memory corruption weakness in the Asuswrt firmware for Asus routers that could let attackers trigger denial-of-services states or gain code execution. The other critical patch is for an almost five-year-old CVE-2018-1160 bug caused by an out-of-bounds write Netatalk weakness that can also be exploited to gain arbitrary code execution on unpatched devices.

"Please note, if you choose not to install this new firmware version, we strongly recommend disabling services accessible from the WAN side to avoid potential unwanted intrusions. These services include remote access from WAN, port forwarding, DDNS, VPN server, DMZ, port trigger," ASUS warned in a security advisory published today. "We strongly encourage you to periodically audit both your equipment and your security procedures, as this will ensure that you will be better protected."

The list of impacted devices includes the following models: GT6, GT-AXE16000, GT-AX11000 PRO, GT-AX6000, GT-AX11000, GS-AX5400, GS-AX3000, XT9, XT8, XT8 V2, RT-AX86U PRO, RT-AX86U, RT-AX86S, RT-AX82U, RT-AX58U, RT-AX3000, TUF-AX6000, and TUF-AX5400.

Microsoft

Microsoft Says Early June Disruptions To Outlook, Cloud Platform, Were Cyberattacks (apnews.com) 25

An anonymous reader shares a report: In early June, sporadic but serious service disruptions plagued Microsoft's flagship office suite -- including the Outlook email and OneDrive file-sharing apps -- and cloud computing platform. A shadowy hacktivist group claimed responsibility, saying it flooded the sites with junk traffic in distributed denial-of-service attacks. Initially reticent to name the cause, Microsoft has now disclosed that DDoS attacks by the murky upstart were indeed to blame.

But the software giant has offered few details -- and did not immediately comment on how many customers were affected and whether the impact was global. A spokeswoman confirmed that the group that calls itself Anonymous Sudan was behind the attacks. It claimed responsibility on its Telegram social media channel at the time. Some security researchers believe the group to be Russian. Microsoft's explanation in a blog post Friday evening followed a request by The Associated Press two days earlier. Slim on details, the post said the attacks "temporarily impacted availability" of some services. It said the attackers were focused on "disruption and publicity" and likely used rented cloud infrastructure and virtual private networks to bombard Microsoft servers from so-called botnets of zombie computers around the globe.

Security

Hackers Threaten To Leak 80GB of Confidential Data Stolen From Reddit (techcrunch.com) 61

Hackers are threatening to release confidential data stolen from Reddit unless the company pays a ransom demand -- and reverses its controversial API price hikes. From a report: In a post on its dark web leak site, the BlackCat ransomware gang, also known as ALPHV, claims to have stolen 80 gigabytes of compressed data from Reddit during a February breach of the company's systems. Reddit spokesperson Gina Antonini declined to answer TechCrunch's questions but confirmed that BlackCat's claims relate to a cyber incident confirmed by Reddit on February 9.

At the time, Reddit CTO Christopher Slowe, or KeyserSosa, said that hackers had accessed employee information and internal documents during a "highly-targeted" phishing attack. Slowe added that the company had "no evidence" that personal user data, such as passwords and accounts, had been stolen. Reddit didn't share any further details about the attack or who was behind it. However, BlackCat over the weekend claimed responsibility for the February intrusion and threatened to leak "confidential" data stolen during the breach. It's unclear exactly what types of data the hackers have stolen, and BlackCat hasn't shared any evidence of data theft.

Google

Google is Building a 153-Acre Neighborhood By Its Headquarters (sfgate.com) 68

In the heart of Silicon Valley, the city of Mountain View, California "just approved its biggest development ever," reports SFGate, "and it's for exactly the company you'd expect." Google got the go-ahead to build a 153-acre mixed-use neighborhood just south of its headquarters in north Mountain View on June 13, with unanimous city council approval.

Plans for the 30-year project, which will supplant the Google offices and parking lots currently in the area, include over 3 million square feet of office space and 7,000 residential units... Originally, the developers planned to dedicate 20% of the new housing to affordable units, but the approved plan sets aside only 15% for lower- and middle-income housing. Google lowered the target to make the project viable in an uncertain economic climate, a spokesperson told SFGATE. This past January, the firm laid off 12,000 workers.

The new development sounds an awful lot like the "company towns" of 1900-era American settlement — firms ran all the stores and housing for their workers — but a Google spokesperson said the new project's restaurants, housing and services would serve the broader Mountain View community. Along with the housing and Google office space, the plans include 26 acres of public parks and open space, up to 288,990 square feet of ground-floor commercial space, land for a school, new streets and a private utility system. The developers have 30 years to complete the project, as long as Google and Lendlease hit permit benchmarks and complete other terms within the first 15.

United States

'Plan To Save Downtown San Francisco From Doom Loop Approved by Lawmakers' (sfstandard.com) 233

An anonymous reader shared this report from the nonprofit journalism site, the San Francisco Standard: The San Francisco Board of Supervisors on Tuesday approved legislation that aims to shore up the city's beleaguered Downtown by filling empty storefronts and expediting the conversion of underused office buildings into housing. The bill is a major component of Mayor London Breed's recovery agenda. Co-sponsored by Board President Aaron Peskin, it amends the city's planning code to expand residential uses and Downtown office conversions. It also streamlines the review of certain projects, among other changes...

Even with speedier project approvals, converting San Francisco office buildings to housing remains a costly endeavor; few developers have explored the option to date. At an April 3 hearing of the board's Land Use Committee, lawmakers outlined the need for multiple reforms to make conversions economically feasible; Supervisor Dean Preston voiced concerns that even those reforms would not accommodate low-income housing. Many say San Francisco's Downtown is currently caught in a "doom loop" driven by economic knock-on effects of the pandemic, including an office vacancy rate approaching 30% and trophy office towers changing hands at deep discounts...

The bill passed Tuesday is one of several legislative efforts to aid Downtown and the city's overall economy. Initiatives have included legislation to delay tax increases for retail, food service and other businesses hit hard by the pandemic, an "Office Attraction Tax Credit" for new companies opening in the city and a program called "Vacant to Vibrant," which provides grants to businesses which open "pop-up" shops and art spaces in Downtown's empty storefronts.

IT

Working-from-Home May Start an Office Real Estate Crisis - But Banks May Adapt (msn.com) 121

The Washington Post reports that "Since the pandemic, employers — particularly in major cities — have been struggling to get their workers to return to the office, while others have given up and allowed workers to go fully remote.

"That trend is finally starting to catch up with the owners of office buildings in the form of rising vacancy rates and declining property values." Earlier this month, real estate data provider Trepp reported that an estimated $270 billion in commercial bank loans are coming due in 2023 — and warned of the potential for defaults. Office delinquencies spiked in May, signaling a "tipping point," according to Manus Clancy, senior managing director at Trepp. Asked about commercial real estate concerns in a television appearance on Wednesday, [U.S.] Treasury Secretary Janet L. Yellen said she thinks banks are "broadly preparing for some restructuring and difficulties going ahead...."

"If office and retail owners are having trouble generating rental income because people just aren't going into the office and shopping, then it increases the odds that they aren't going to be able to pay back those loans in timely way," said Mark Zandi, chief economist for Moody's Analytics. "That means losses will start to mount on those loans. And because the banking and financial system more broadly is already struggling with lots of other problems ... there's going to be more banking failures." Despite the public debate over return-to-office mandates at major companies, experts say office occupancy will never return to the levels experienced before 2020. In February, workplace data company Kastle Systems estimated that half of workers in the United States had returned, but that figure has stagnated since...

Still, many experts say the worst can still be avoided. The issues have been known for a while, giving lenders plenty of time to consider what to do. Banks can always renegotiate the terms of their loans to landlords... Although cities themselves could be in trouble because of property taxes and budget shortfalls, the financial system as a whole is more protected, said Brookings Institution fellow Tracy Hadden Loh, who researches real estate and cities. "It's in no one's interest to have them all fall into foreclosure at once, because that could destabilize the banking system," she said. "So banks will take what they can get in terms of payment and work through this."

Bug

Windows 11 Update Breaks Chrome for Some Antivirus Software Users (bleepingcomputer.com) 49

Wednesday BleepingComputer reported: Malwarebytes confirmed today that the Windows 11 22H2 KB5027231 cumulative update released this Patch Tuesday breaks Google Chrome on its customers' systems... While uninstalling the KB5027231 update fixes the issue, admins report that it's not possible to do so via Windows Server Update Services because of a "catastrophic error..." The Google Chrome process is actually running but is prevented from fully launching the application and loading the user interface due to the conflict.
Then Friday BleepingComputer reported that the same update "also breaks Google Chrome on systems protected by Cisco and WatchGuard EDR and antivirus solutions." "We deploy Secure Endpoint 8.1.7 to our few thousand devices, and we started getting a mountain of reports this morning that Google Chrome would not appear on the screen after attempting to open it," one admin said. "With a little trial & error, I found that killing the Secure Endpoint service or uninstalling Secure Endpoint will allow Chrome to open again..."

WatchGuard staff also confirmed on Friday that Google Chrome wouldn't open on Windows 11 after installing KB5027231 if anti-exploit protection is enabled in the company's Endpoint Security software.

Thanks to Slashdot reader boley1 for sharing the news.
Bug

Dev Boots Linux 292,612 Times to Find Kernel Bug (tomshardware.com) 32

Long-time Slashdot reader waspleg shared this story from Hot Hardware: Red Hat Linux developer Richard WM Jones has shared an eyebrow raising tale of Linux bug hunting. Jones noticed that Linux 6.4 has a bug which means it will hang on boot about 1 in 1,000 times. Jones set out to pinpoint the bug, and prove he had caught it red handed. However, his headlining travail, involving booting Linux 292,612 times (and another 1,000 times to confirm the bug) apparently "only took 21 hours." It also seems that the bug is less common with Intel hardware than AMD based machines.
Encryption

The US Navy, NATO, and NASA Are Using a Shady Chinese Company's Encryption Chips (wired.com) 45

New submitter ole_timer shares a report from Wired: TikTok to Huawei routers to DJI drones, rising tensions between China and the US have made Americans -- and the US government -- increasingly wary of Chinese-owned technologies. But thanks to the complexity of the hardware supply chain, encryption chips sold by the subsidiary of a company specifically flagged in warnings from the US Department of Commerce for its ties to the Chinese military have found their way into the storage hardware of military and intelligence networks across the West. In July of 2021, the Commerce Department's Bureau of Industry and Security added the Hangzhou, China-based encryption chip manufacturer Hualan Microelectronics, also known as Sage Microelectronics, to its so-called "Entity List," a vaguely named trade restrictions list that highlights companies "acting contrary to the foreign policy interests of the United States." Specifically, the bureau noted that Hualan had been added to the list for "acquiring and ... attempting to acquire US-origin items in support of military modernization for [China's] People's Liberation Army."

Yet nearly two years later, Hualan -- and in particular its subsidiary known as Initio, a company originally headquartered in Taiwan that it acquired in 2016 -- still supplies encryption microcontroller chips to Western manufacturers of encrypted hard drives, including several that list as customers on their websites Western governments' aerospace, military, and intelligence agencies: NASA, NATO, and the US and UK militaries. Federal procurement records show that US government agencies from the Federal Aviation Administration to the Drug Enforcement Administration to the US Navy have bought encrypted hard drives that use the chips, too. The disconnect between the Commerce Department's warnings and Western government customers means that chips sold by Hualan's subsidiary have ended up deep inside sensitive Western information networks, perhaps due to the ambiguity of their Initio branding and its Taiwanese origin prior to 2016. The chip vendor's Chinese ownership has raised fears among security researchers and China-focused national security analysts that they could have a hidden backdoor that would allow China's government to stealthily decrypt Western agencies' secrets. And while no such backdoor has been found, security researchers warn that if one did exist, it would be virtually impossible to detect it.

"If a company is on the Entity List with a specific warning like this one, it's because the US government says this company is actively supporting another country's military development," says Dakota Cary, a China-focused research fellow at the Atlantic Council, a Washington, DC-based think tank. "It's saying you should not be purchasing from them, not just because the money you're spending is going to a company that will use those proceeds in the furtherance of another country's military objectives, but because you can't trust the product." [...] The mere fact that so many Western government agencies are buying products that include chips sold by the subsidiary of a company on the Commerce Department's trade restrictions list points to the complexities of navigating the computing hardware supply chain, says the Atlantic Council's Cary. "At minimum, it's a real oversight. Organizations that should be prioritizing this level of security are apparently not able to do so, or are making mistakes that have allowed for these products to get into their environments," he says. "It seems very significant. And it's probably not a one-off mistake."

Security

Security Expert Defeats Lenovo Laptop BIOS Password With a Screwdriver (tomshardware.com) 31

Cybersecurity experts at CyberCX have demonstrated a simple method for consistently accessing older BIOS-locked laptops by shorting pins on the EEPROM chip with a screwdriver, enabling full access to the BIOS settings and bypassing the password. Tom's Hardware reports: Before we go further, it is worth pointing out that CyberCX's BIOS password bypass demonstration was done on several Lenovo laptops that it had retired from service. The blog shows that the easily reproducible bypass is viable on the Lenovo ThinkPad L440 (launched Q4 2013) and the Lenovo ThinkPad X230 (launched Q3 2012). Other laptop and desktop models and brands that have a separate EEPROM chip where passwords are stored may be similarly vulnerable. [...] From reading various documentation and research articles, CyberCX knew that it needed to follow the following process on its BIOS-locked Lenovo laptops: Locate the correct EEPROM chip; Locate the SCL and SDA pins; and Short the SCL and SDA pins at the right time.

Checking likely looking chips on the mainboard and looking up series numbers eventually lead to being able to target the correct EEPROM. In the case of the ThinkPad L440, the chip is marked L08-1 X (this may not always be the case). An embedded video in the CyberCX blog post shows just how easy this 'hack' is to do. Shorting the L08-1 X chip pins requires something as simple as a screwdriver tip being held between two of the chip legs. Then, once you enter the BIOS, you should find that all configuration options are open to be changed. There is said to be some timing needed, but the timing isn't so tight, so there is some latitude. You can watch the video for a bit of 'technique.'

CyberCX includes some quite in-depth analysis of how its BIOS hack works and explains that you can't just short the EEPROM chips straight away as you turn the machine on (hence the need for timing). Some readers may be wondering about their own laptops or BIOS-locked machines they have seen on eBay and so on. CyberCX says that some modern machines with the BIOS and EEPROM packages in one Surface Mount Device (SMD) would be more difficult to hack in this way, requiring an "off-chip attack." The cyber security firm also says that some motherboard and system makers do indeed already use an integrated SMD. Those particularly worried about their data, rather than their system, should implement "full disk encryption [to] prevent an attacker from obtaining data from the laptop's drive," says the security outfit.

Security

Millions of Americans' Personal Data Exposed in Global Hack (cnn.com) 17

Millions of people in Louisiana and Oregon have had their data compromised in the sprawling cyberattack that has also hit the US federal government, state agencies said late Thursday. From a report: The breach has affected 3.5 million Oregonians with driver's licenses or state ID cards, and anyone with that documentation in Louisiana, authorities said. The Louisiana governor's office did not put a number on the number of victims but over 3 million Louisianians hold driver's licenses, according to public data. The states did not blame anyone in particular for the hack, but federal officials have attributed a broader hacking campaign using the same software vulnerability to a Russian ransomware gang. The sweeping hack has likely exposed data at hundreds of organizations across the globe and also compromised multiple US federal agencies, including the Department of Energy, as well as data from major corporations in Britain like the BBC and British Airways. The Russian-speaking hackers that claimed credit are known to demand multimillion-dollar ransoms, though US and state governments say they have not received any demands.
EU

EU Votes To Bring Back Replaceable Phone Batteries 218

What's old is new again, at least in the European Union. The European Parliament recently voted in favor of new legislation that would overhaul the entire battery life cycle, from design to end-of-life, which includes important caveats for smartphone users. From a report: Among the many changes, the new rules would require batteries in consumer devices like smartphones to be easily removable and replaceable. That's far from the case today with most phones, but that wasn't always the case.
IT

Alphabet Selling Google Domains Assets To Squarespace (bloomberg.com) 34

Alphabet is winding down its Google Domains business and selling its assets to Squarespace, according to a statement Thursday. From a report: Squarespace is acquiring the assets associated with the business for about $180 million, according to a person familiar with the matter, who asked to not be identified because the financial details of the transaction aren't public. The assets include "10 million domains hosted on Google Domains spread across millions of customers," according to the statement, confirming a Bloomberg News report. "We are exceptionally proud to be chosen to serve the customers of the Google Domains business," Anthony Casalena, founder and chief executive officer of Squarespace, said in the statement. "Domains are a critical part of web infrastructure and an essential piece of every business's online presence."

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