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“What’s the Deal with Remofirst? Unraveling the Game of Musical Chairs in the VC World”

Equity Podcast 2019 Phone 1
What’s the Deel with Remofirst, and why are VCs playing musical chairs? Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories and themes from the week. Today on the pod, Mary Ann and Alex dug into a whole mess of news, including:We have an interview coming out tomorrow that we’re stoked about, and will be back on Monday.

“Uncover Tunes with Ease: Shazam’s New Feature Identifies Music through App with Headphones On”

Shazam App Icon Ios
Shazam now lets you identify music while wearing headphones, the Apple-owned company announced this week. You can open up the Shazam app, click to Shazam and then head back to TikTok. Or, say you’re wearing headphones in a coffeeshop and want to know what song is playing in the café. It’s worth noting that Shazam already allowed users to identify songs playing in apps, as it rolled out the ability to identify songs on YouTube, Instagram and TikTok last year. But up until now, you couldn’t do so if you were wearing headphones.

Russian Citizen Accused of Masterminding Medibank Ransomware Attack Faces US Sanctions

Medibank
The U.S. government sanctioned a Russian national for allegedly playing a “pivotal role” in the ransomware attack against Australian health insurance giant Medibank that exposed the sensitive information of almost 10 million patients. The breach is believed to have impacted several high-profile Medibank customers, including senior Australian government lawmakers. The U.S. Treasury Department sanctioned Ermakov shortly after the Australian government imposed first-of-its-kind sanctions against the Russian national. According to the U.S. Treasury, REvil ransomware has been deployed on approximately 175,000 computers worldwide, garnering at least $200 million in ransom payments. The FSB’s surprise operation came just months after the U.S. Department of Justice charged a 22-year-old Ukrainian citizen linked to the REvil ransomware gang due to his alleged role in the Kaseya attack.