Google has gone on an acquisition tear in the last six weeks that has many tech industry watchers wondering about the company’s future direction – particularly when it comes to the Internet of Things. Since the beginning of the fourth quarter, 2013, Google has acquired 14 companies with the latest, a $650 million buy of UK-based artificial intelligence software firm DeepMind Technologies hitting the wires yesterday. In addition to the DeepMind buy, Google spent $40 million on Flutter, a maker of gesture recognition technology and $23 million on FlexyCore, maker of the DroidBooster App for Android. Earlier this month, it plunked $3.2 billion down for super hot smart home gear maker Nest. Google’s size makes the exact amount spent on the other acquisitions is something of a matter of speculation. Google only has to disclose transactions that are deemed ‘material’ to the company’s finances – a number somewhere between $10m […]
Tag: Internet of Things
You Can Build An Open Source NEST Clone In One Day? Uh Oh!
I’ve been amazed at the herds of Johnny Come Lately’s who have glom’d onto the amazing Nest thermostat since Google purchased the company that makes it, Nest Labs, for a whopping $3.2 billion last week. Nest – and even its sister Protect smoke alarm – were hardly new, but that didn’t stop CNN from posting a ‘gee whiz’ video in the days that followed that had all the ‘we were here first’ excitement of a hand-held broadcast from the floor of CES. That – even though Nest is coming up on its third birthday and its cousin, the Protect, was released to considerable fanfare in October. The question for Google, of course, is ‘how is Nest really worth?’ I use one at my house, and I think it’s gorgeous and smart – but $3.2 billion? That’s why I was interested to check out this article over at Postscapes.com about an open source […]
Cisco Eyes Security Services For Connected Cars
Connected vehicles are a big new area of investment. We saw evidence of that at the recent Consumer Electronics Show (CES) and we’re hearing a lot more about it this week, as carmakers strut their stuff at the North American International Auto Show. Security isn’t generally part of the conversation, but as we’ve noted here on more than one occasion: connected vehicles introduce a myriad of challenging security problems, from authentication to communications and system integrity, not to mention data privacy. [Read more Security Ledger coverage of connected vehicles here.] Now networking giant Cisco says that it sees a role for its technology in protecting vehicle area networks (VANs), just as the company’s networking equipment enabled and protected local and wide area networks (LANs and WANs) over the last two decades. In a blog post, Cisco said it is rolling out “a range of products and services” that it […]
When The Internet of Things Attacks! Parsing The IoT Botnet Story
I spent most of last week at a conference in Florida going deep on the security of critical infrastructure – you know: the software that runs power plants and manufacturing lines. (More to come on that!) While there, the security firm Proofpoint released a statement saying that it had evidence that a spam botnet was using “Internet of Things” devices. The company said on January 16 that a spam campaign totaling 750,000 malicious emails originated with a botnet made up of “more than 100,000 everyday consumer gadgets” including home networking routers, multi media centers, televisions and at least one refrigerator.” Proofpoint claims it is the “first time the industry has reported actual proof of such a cyber attack involving common appliances.” [Read: “Missing in action at Black Hat: the PC.”] Heady stuff – but is it true? It’s hard to know for sure. As with all these reports, it’s important […]
Is 2014 The Year Uncle Sam Takes On Connected Device Security?
The Consumer Electronics Show – or CES- kicked off last week in Las Vegas. In the last decade, CES has become one of the premiere venues for consumer device makers to launch new products and to show off prototypes of technology they hope to introduce to the public. Home entertainment megafauna dominate the coverage of CES — there was Samsung’s 85-inch LED LCD model with 4K resolution that can transform from flat-screen to curved display. But this year’s show is also a showcase for the next wave of connected devices, including wearable technology, smart appliances and connected vehicles. All these new platforms raise important questions about security, privacy and reliability. I sat down to talk about some of those issues with Mark Stanislav, the lead security evangelist at the firm Duo Security. Mark is a frequent contributor to The Security Ledger who last joined us to provide an end of year […]
