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Google launches a bug bounty program for Android Enterprise

Android 12 is now officially available for Google’s Pixel phones and will slowly roll out to others in the coming months. Chances are, you think of Android as a consumer product, but over the course of the last few years, Google has put a lot of work into making it an enterprise tool, too. It’s maybe no surprise that with the launch of Android 12, which already includes a number of new enterprise features by default, Google is also now announcing a couple of new security-focused initiatives around Android Enterprise, too.

This includes a new bug bounty program, the aptly named Android Enterprise Vulnerability Program, which promises up to $250,000 for a full exploit of a Pixel device that runs Android Enterprise.

But Google is also working with its wider partner ecosystem to expand its support for the Zero Trust security model on Android. This means, for example, working with partners like Okta, Ping and ForgeRock to move their authentication workflows from WebView to Chrome Custom Tabs on Android. Google has long argued that developers should use Custom Tabs whenever they render content from outside of their own domain, in part for performance reasons, but also because Chrome’s Safe Browsing features provide additional security.

“While WebView is a flexible and powerful component for rendering web content, Custom Tabs are more modern and full-featured, allowing identity providers to gather device trust signals, improve employee security and enable single-sign-on across apps and the web,” explains Rajeev Pathak, a senior product manager at Google, in today’s announcement.

Google is also extending its Android Management API to make it easier for companies that use Enterprise Mobility Solutions from the likes of Microsoft, Citrix or Google itself to ensure that users “receive the fastest delivery of all of our enterprise features, with best practices and Android Enterprise Recommended requirements set by default.”

Source: Techcrunch.com

PayPal Set To Acquire Social Media Firm Pinterest For $45 Billion

The companies have discussed a possible price of $70 per share, which would value Pinterest at around $39 billion.

Payment major PayPal Holdings Inc has offered to purchase digital social media firm Pinterest Inc for $45 billion, said people privy to the development.

According to the report, PayPal has offered $70 per share, mostly in stock, for Pinterest.The online payments platform hopes to successfully negotiate and announce a deal by the time it reports quarterly earnings on November 8.

The possible price of $70 per share would value Pinterest at around $39 billion. The price would represent a 26 per cent premium to Pinterest’s closing price of $55.58 on Tuesday.

PayPal and Pinterest did not respond to the media comment. However, sources said the ongoing discussion is private and confidential.

Facebook is planning to change its name, report says

London(CNN Business)Facebook is planning to rebrand itself with a new name focused on the metaverse, the Verge reported on Tuesday, as the tech giant comes under fire from regulators around the world over its business practices.

The company plans to announce the new name next week, the Verge reported, citing a source with direct knowledge of the matter. Facebook wants to be known for more than social media, according to the tech publication.

Facebook (FB) does not comment on rumor or speculation, a company spokesperson said in response to a question about the potential name change.

In addition to its flagship social media network, Facebook also owns Instagram and WhatsApp. A name change could position the three mega platforms under an umbrella brand, similar to the structure used by Google, which sits under parent company Alphabet.

The name change may reflect Facebook’s direction. The metaverse refers to efforts to combine virtual and augmented reality technologies in a new online realm.

The idea is to create a space similar to the internet, where users (via digital avatars) can walk around and interact with one another in real time. In theory, users could sit around a virtual meeting table with remote colleagues, and then walk over to a virtual Starbucks to meet up with a friend.

Facebook announced earlier this week that it would hire 10,000 people in Europe to work on creating the metaverse.

A rebranding could be part of an effort to overhaul Facebook’s reputation following a tsunami of bad news linked to misinformation on its platforms, content moderation failures and revelations about the negative effect its products have on some users’ mental health.

Frances Haugen, a whistleblower who used to work at Facebook as a product manager, testified earlier this month that the company is aware that its platforms are used to spread hate and misinformation but has failed to take action to prevent it. Facebook’s leaders have come under fire for allegedly choosing profit over health, and lawmakers have drawn comparisons to Big Tobacco.

Facebook has aggressively pushed back against the claims, calling many of them “misleading” and arguing that its apps do more good than harm.

CEO Mark Zuckerberg plans to discuss the name change at the company’s annual Connect conference on October 28, according to the Verge.

A relatively small number of major companies have changed established brands. Kentucky Fried Chicken shortened its name to KFC, Japanese car brand Datsun became Nissan and the World Wrestling Federation became World Wrestling Entertainment. The social media company Snapchat rebranded as Snap in 2016 to reflect its foray into hardware.

Some high-profile name changes have followed scandal or controversy. Philip Morris, the maker of Marlboro, changed its name to Altria, for example, and ValuJet became AirTran after one of its planes crashed in 1996.

Source: CNN

New Airline ‘K2 Airways’ is set to begin operation in Pakistan soon

K2 Airways- A new airline set to start operation in Pakistan soon!

K2 Airways intends to serve at numerous domestic destinations across Pakistan including Islamabad, Skardu, and Chitral.

The initial launch was expected in May 2019, however, the launch was delayed amid the pandemic.

K2 Airways Chief Executive Officer (CEO), Tariq Raja in a statement that they are committed to launching the airline operations in Pakistan at the earliest.

He shared remarks during a meeting with the Secretary Board of Investment (BOI) Pakistan, Fareena Mazhar, in Islamabad.As being reported, Secretary BOI Ms. Fareena Mazhar met with the delegation from K2 AIRWAYS UAE, headed by the CEO Mr. Tariq Raja.The delegation apprised the Secretary of the progress being made by them to begin their airline services in Pakistan, starting with northern areas of the country.Secretary BOI assured them of all possible support and highlighted the recently announced incentives in the tourism sector.

A specific launch date has not been given yet. The airline aims to start flight operations with tourism flights to Skardu and other hilly areas of Pakistan.

The new airline is to be based in Islamabad. The United Arab Emirates (UAE)-origin start-up plans to operate air charter and cargo services followed by RPT operations domestically and internationally.

Pakistani startup PostEx raises $1.5m for its fintech and logistics platform

PostEx, a Pakistani fintech and logistics startup, has announced that it has raised $1.5 million in seed funding from leading institutional investors.

The startup said its initiative was aimed at solving challenges around cash on delivery with instant and upfront payments “by scaling its one-stop shop for financing and logistics solutions for e-commerce platforms”.

The round was led by MSA Capital, an investor in Uber and Klarna among other major tech companies, with participation from the UAE-based Shorooq Partners, Pakistan-focused Zayn Capital, Dubai-headquartered VentureSouq, PNO Ventures, 92Ventures as well as the CEO of Arbisoft, Yasser Bashir.

PostEx says it is working to solve the problems of cash recovery cycles and working capital constraints that hamper businesses’ scaling by providing upfront payment through cash on delivery.

Founded by Omer Khan, Saad Mahmood, Babar Razzaq and Adil Naseem, the startup plans to utilise the funds to grow its products and bring depth to its existing technology-based CoD financing platform. Currently operating with a team of over 150 members, it plans to further grow its team as it scales to new clients and services.

Khan said, “Pakistan’s e-commerce landscape is rapidly evolving and lack of access to financing opportunities is hampering the growth of online merchants and e-commerce landscape broadly.”

“Our goal is to be the first and last source of funds of fast-growing e-commerce businesses to meet all their capital requirements to accelerate their growth.”

“This is complemented by an in-house logistics fleet for e-commerce companies, thereby helping them grow through easy and instant access to cash and liquidity,” the startup said in its statement.

“In a primarily cash-based economy, running a business online comes with challenges of cash recovery cycles, impeding scaling due to working capital constraints. Challenges on the last-mile delivery front also lead to high cancellations and lack of financing options adversely affects the growth of e-commerce businesses in Pakistan,” added the statement.

Tim Chen of MSA Capital said the rapid growth of e-commerce in Pakistan was being held back by high levels of CoD.

“PostEx’s integrated instant payments with logistics is a model we have backed globally to resolve the hurdles posed by CoD and [we] believe that Omer and team have the execution capabilities to build a regional leader,” he added.

Co-founder and managing partner at Zayn Capital, Faisal Aftab, affirmed that PostEX was solving key problems for the rapidly scaling e-commerce market in Pakistan through its factoring and logistics solution.

Partner at Shorooq Partners, Tamer Azer, also hailed the Post-Ex for representing “the perfect intersection for our views on the potential of the Pakistani market as well as our deep appreciation for infrastructure support organisations in the e-commerce industry.”

PostEx said it had also introduced a digital payments solution that “enables businesses to collect payments online from consumers through PostEx’s checkout plugins.”