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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#331

Post by fourseventy »

coliveira wrote: post #266
czk wrote: post #256

> Wiz has raised a total of $1.9 billion from a combination of venture capital funds and private investors > Wiz agreed to acquire Tel Aviv-based Raftt, a cloud-based developer collaboration platform, for $50 million in December 2023. In April 2024, the company acquired cloud detection and response startup, Gem Security, for around $350 million > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy…

These companies are the closest you can get to a legal mafia, they are effectively charging companies around the world to keep them "safe". In other words, a job that is traditionally considered to be a basic service of the government is now being privatized by people that nobody knows if we can really trust.

1.) What

Re: Google to buy Wiz for $32B

#333

Post by dj_gitmo »

sidcool wrote: post #271

Why would Google, a leader in security, spend so much on another security firm? Wiz must have something amazing under their sleeve.

This is just how tech has worked forever. Large established companies are not great at developing new products, so they buy startups. Youtube was a startup. Google Docs was a startup. Hell, Network Address Translation was a startup at one point.

Re: Google to buy Wiz for $32B

#334

Post by marcus0x62 »

monooso wrote: post #316
otterley wrote: post #292

Earlier quoted context omitted.

WTF does that mean?

Presumably it's a reference to the fact several of the founders are Unit 8200 alumni, which is part of Israeli intelligence. It's not the same as Mossad, though. As I understand it, Unit 8200 is the Israeli equivalent of the NSA, and Mossad is their CIA.

If you have a problem with Unit 8200 alumni, you’re going to have a difficult time buying commercially available security products. Palo Alto Networks, Armis, Checkpoint, and many others were either founded by or otherwise have former 8200 folks on staff. Then there’s crowdstrike, founded by a Russian. Or Fortinet, which was founded by Ken Xie (born in Beijing.)

I guess you could base your entire security stack on F Secure. Everyone loves the Finns.

Re: Google to buy Wiz for $32B

#335

Post by kossTKR »

majestik wrote: post #318

This deal isn't about security, it's about data. Google already have one of the best security teams in the industry - Project Zero [0]. They don't need Wiz's "enterprise" expertise for security. This deal is about DATA. Wiz, as a cybersecurity vendor, have full remote access to their customers cloud compute storage (EC2 EBS volumes, etc) in the name of "security scanning" - this is actually part of their unique selli…

Thousands of lawsuits coming up? How are any of the mentioned companies okay with their highly confidential data being scanned by AI?

Re: Google to buy Wiz for $32B

#336

Post by belter »

film42 wrote: post #102

I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe. But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differen…

If you know the Cloud market you know nobody is moving to GCP :-)

Re: Google to buy Wiz for $32B

#337

Post by diggan »

breppp wrote: post #329
majestik wrote: post #318

This deal isn't about security, it's about data. Google already have one of the best security teams in the industry - Project Zero [0]. They don't need Wiz's "enterprise" expertise for security. This deal is about DATA. Wiz, as a cybersecurity vendor, have full remote access to their customers cloud compute storage (EC2 EBS volumes, etc) in the name of "security scanning" - this is actually part of their unique selli…

So many sources yet no source of the actually outrageous claim that Google will use this to illegally siphon customer data maybe this deal is about a company with a lot of revenue in an area google is heavily investing in: cloud security?

> actually outrageous claim that Google will use this to illegally siphon customer data

Hypothetical question as much as anything: If Google purchases a company and the data the company stores about their customers, is it illegal for them to use this data for whatever they want?

Lets say it would give them an understanding of what features from AWS people tend to use the most, and they use that to improve Google Cloud, would that be illegal?

Re: Google to buy Wiz for $32B

#338

Post by [deleted] »

belter wrote: post #330
otterley wrote: post #313

Earlier quoted context omitted.

So what? Technologies with military and intelligence origins become available to civilians all the time. That includes the Internet itself, which was originally sponsored by DARPA. Would you rather they have kept the technology to themselves?

[flagged]

[deleted]

Re: Google to buy Wiz for $32B

#339

Post by biggc »

coliveira wrote: post #266
czk wrote: post #256

> Wiz has raised a total of $1.9 billion from a combination of venture capital funds and private investors > Wiz agreed to acquire Tel Aviv-based Raftt, a cloud-based developer collaboration platform, for $50 million in December 2023. In April 2024, the company acquired cloud detection and response startup, Gem Security, for around $350 million > Wiz was founded in January 2020 by Assaf Rappaport, Yinon Costica, Roy…

These companies are the closest you can get to a legal mafia, they are effectively charging companies around the world to keep them "safe". In other words, a job that is traditionally considered to be a basic service of the government is now being privatized by people that nobody knows if we can really trust.

You’re stretching here.

Companies hire private physical security all the time. Why is digital security different?

Re: Google to buy Wiz for $32B

#340

Post by breppp »

diggan wrote: post #337
breppp wrote: post #329

Earlier quoted context omitted.

So many sources yet no source of the actually outrageous claim that Google will use this to illegally siphon customer data maybe this deal is about a company with a lot of revenue in an area google is heavily investing in: cloud security?

> actually outrageous claim that Google will use this to illegally siphon customer data Hypothetical question as much as anything: If Google purchases a company and the data the company stores about their customers, is it illegal for them to use this data for whatever they want? Lets say it would give them an understanding of what features from AWS people tend to use the most, and they use that to improve Google Clou…

yes, due to privacy and contract obligations

as well as this is the surest way for GCP to spectacularly commit suicide

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