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Xiaomi to Fight Patent Dispute Against Coolpad

The lawsuit comes at a time when Xiaomi has officially filed for an IPO in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion.

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The complaint alleged that Xiaomi had used the patents without any license from Yulong.
Xiaomi to fight patent disput against Coolpad, wikimedia commons
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As it prepares to file an initial public offering (IPO) in Hong Kong, Xiaomi has been named in a patent dispute in China by its rival Coolpad for three successful smartphone models — Mi Mix 2, Redmi Note 5 and Redmi 5 Plus.

In a regulatory filing, Hong Kong-listed Coolpad’s Yulong unit has initiated a patent infringement case against Xiaomi with the Jiangsu Province Nanjing Intermediate People’s Court, the South China Morning Post reported on Friday.

“Beijing-based Xiaomi has requested the Patent Re-examination Board, under China’s State Intellectual Property Office (SIPO), to invalidate three patent rights that Coolpad had claimed were infringed by the world’s fourth-largest smartphone supplier,” the report added.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.

Coolpad also requested the court to order Xiaomi to pay “for the economic loss suffered” by Yulong and all litigation expenses.

According to a Xiaomi statement, it was made aware of the Yulong lawsuit after Coolpad filed a motion before the Shenzhen Intermediate People’s Court regarding the alleged patent infringements.

The lawsuit comes at a time when Xiaomi has officially filed for an IPO in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion.

At $10 billion, Xiaomi’s IPO would also be the 15th biggest of all time, or the fourth-largest in Hong Kong.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.
CoolPad logo, wikimedia commons

According to the regulatory filing with the Hong Kong stock exchange, Xiaomi also reported a revenue of $18 billion and a gross profit of $2.3 billion in 2017.

The company is currently at the fourth position in the smartphone market globally, behind Samsung, Apple and Huawei.

In the first quarter of 2018, Xiaomi with over 51 per cent growth was at fifth spot in China, Counterpoint Research reported. Xiaomi was the fastest growing brand in China during the quarter.

Also Read: New Study Shows That Binaries From Globular Clusters Can be Detected by LISA

On the other hand, Coolpad is set to make a comeback with a new line-up of smartphones and accessories for the Indian market.

In January, the Shenzhen-based handset maker bid adieu to its financially-troubled Chinese partner LeEco.

It later announced a fresh investment of $300 million from Power Sun Ventures, a family trust. Chinese property mogul Chen Hua, Founder, and Head of the Kingkey Group, is leading the new investment through Power Sun Ventures. (IANS)

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Heavy Cyber Attacks From Russia, US, China In India

These honeypots are developed to deceive even elite hackers and appear to be serving a specific purpose or organisation.

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A man holds a laptop computer as cyber code is projected on him in this illustration picture. VOA

India has been the target of over 4.3 lakh cyber attacks from five countries including China, Russia and the US while more than 73,000 attacks were initiated from India between January and June this year, says a Finnish cybersecurity company.

According to F-Secure’s honeypot data, Russia, the US, China, the Netherlands and Germany targeted India with 436,090 attacks. This is nearly 12 times more than which originated from India.

Honeypots are basically decoy servers that emulate the real IT environment of a business enterprise.

cyber attacks
Due to its nature, the chip is physically unclonable and can, thus, render the device invulnerable to hijacking, counterfeiting or replication by cyber-criminals. Pixabay

Russia accounted for most cyber attacks on India (255,589), followed by the US (103,458), China (42,544), the Netherlands (19,169) and 15,330 attacks from Germany.

On the other hand, the top five countries that were targeted by Indian cyber attackers were Austria, the Netherlands, the UK, Japan, and Ukraine — a total of 36,563.

F-Secure gave the break-up: Austria (12,540), the Netherlands (9,267), the UK (6,347), Japan (4,701) and 3,708 attacks targeted Ukraine’s businesses.

“The relatively higher number of inbound attacks on Indian honeypots reflects how the fast-digitising country is becoming more lucrative for global cyber criminals,” Leszek Tasiemski, Vice President of cyber security products R&D at F-Secure, said in a statement on Sunday.

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Experts: Cyber attacks Growing Increasingly Sophisticated. Pixabay

“We are gathering and analysing all the pertinent data to ensure that our customers stay protected given the dynamically evolving threat landscape,” he added.

To track these cyber attacks, F-Secure has deployed 41 honeypots across the globe.

“Our public honeypots are a valuable source of threat intelligence and an integral part of the infrastructure that powers our various security offerings, including our Rapid Detection and Response Service,” Tasiemski said.

Honeypots are set up explicitly to grab attention of attackers. They are used to gain critical insights on attack types, popular targets, sources, volume and TTPs (Tactics, Techniques and Procedures).

Such insights are collected by deliberately allowing potential attackers to gain unauthorized access to the emulated services of a server and then studying the attack path to the point that the attacker realizes it is a honeypot, F-secure said.

Also Read: U.S. Government Warns People Against China-Linked Hacking Group

These honeypots are developed to deceive even elite hackers and appear to be serving a specific purpose or organisation.

They enable F-Secure to collect the latest malware samples or shell scripts and new hacking techniques.

The research data is then processed to further benefit F-Secure customers via product enhancements and threat intelligence reports. (IANS)