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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#712
post #59

Earlier quoted context omitted.

>and security (post the Mandiant acquisition) As a Googler who works in GCP security, security has been a key differentiator for GCP long before the Mandiant acquisition. Google invented BeyondCorp (a primary driver of Zero Trust). Google helped create security keys (U2F, FIDO, Webauthn), and was I think the first major company to adopt them, both for employees, and for consumers. Google was one of the first major co…

To me, the security posture of Android (esp, the Pixels) & Chromium stands out as an outstanding contribution to humanity (given the reach of both those platforms). > Google got hacked in 2009 by China (I believe that was the first time a major company admitted to being hacked by government). Do they mind if they're legally "hacked" by a (Western) govt? All that security sophistication couldn't prevent LEAs from owni…

I thought your link would be

https://www.bbc.com/news/world-us-canada-24751821 > Snowden leaks: Google 'outraged' at alleged NSA hacking

Re: Google to buy Wiz for $32B

#713
post #339

Earlier quoted context omitted.

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?

because the amount of money is so huge, the grandparent poster imagined there must be something wrong or sus going on. Likely due to personal biases.

And since most people's experience is shallow, the only analog they can muster is the mafia.

Re: Google to buy Wiz for $32B

#714

Earlier quoted context omitted.

I never heard of them until they were purchased for $32 billion.

This is wild to me. As someone in security, Wiz is definitely one of the whales.

In your opinion, are they a whale because they make a great product... or just have a great marketing/PR/sales team? I am guessing "great product" because I cannot believe that Google cannot just rebuild it themselves (if not a great product).

Re: Google to buy Wiz for $32B

#715

Earlier quoted context omitted.

If a security firm could blackmail Google, what would that look like?

What could possibly be worth 36 billion? That we don't already know?

This is google. They've got everything. I use google password manager, wallet, biometrics to log into my google smartphone and google authenticator for my 2FA. I use google voice and maps, photos, youtube, search, docs, gmail and gemini for AI.

Imagine if you found an authentication backdoor - a way to impersonate any account and you could start sucking down data. You do it for 5 billion people and charged google $6.40 per person not to put it on Tor.

$32 billion would be a steal.

Re: Google to buy Wiz for $32B

#716

This makes no sense. Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion. Where is this $20 billion premium coming from? How could the board approve this? How is this fair to shareholders? Heck, as a minor shareholder in GOOG, I don’t find this financially responsible at all. I can’t help but think sometimes these tech acquisitions…

Tin foil hat time, Google regularly complies with LEO. It's often joked they are an unofficial intelligence agency; peers being CIA, NSA, FBI, etc. Wiz is a foreign-owned company with a detailed vulnerability map of more than 50% of the Fortune 100. It can be argued this is a matter of national security, and not simply business.

Re: Google to buy Wiz for $32B

#717
Why? I have a hard time believing the engineer at Google see Wiz as innovative. The front page of Wiz.io reads like a bunch of sales bullshit. I built a security posture dashboard for a competitor and I would not say it's worth anywhere near 1b. Is Google such shit now that runtime scanning in a k8 cluster is worth billions?

Re: Google to buy Wiz for $32B

#718
post #34
post #7

Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…

> a way for Google to secure a beachhead in half the Fortune 100 If that is their objective, they will fail again, since this is the land of good account management. Being able to call somebody on the phone if required. Something AWS excels on, Microsoft a little bit, while Google is rumored to have humans working there, but they are rarely seen.

Google simply does not have a culture of giving a shit about people's experiences with their product. If you are having a problem you better either have that problem so frequently and severely that it shows up on whatever monitoring system they're using to evaluate release health, or you better get comfortable with it for the long haul.
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