Dropbox Files Confidentially For IPO ( 20

Dropbox, the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering. From the report: Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, according to the people, who asked not to be identified because the filing wasn't public. Dropbox is talking to other banks this month to fill additional roles on the IPO, the people said. The company is aiming to list in the first half of this year, one of the people said. Dropbox could be one of the biggest U.S. enterprise technology companies to list domestically in recent years.

Dropbox is likely to tout its biggest investment in recent years: its own cloud. It's spent hundreds of millions of dollars to build data centers and mostly wean itself off of Inc.'s servers, a rare feat for a software business with hundreds of millions of users. That's made it easier for Dropbox to cut costs while speeding file transfers, Chief Operating Officer Dennis Woodside said in an interview last year.


FBI Calls Apple 'Jerks' and 'Evil Geniuses' For Making iPhone Cracks Difficult ( 348

troublemaker_23 shares a report from iTWire: A forensics expert from the FBI has lashed out at Apple, calling the company's security team a bunch of "jerks" and "evil geniuses" for making it more difficult to circumvent the encryption on its devices. Stephen Flatley told the International Conference on Cyber Security in New York on Wednesday that one example of the way that Apple had made it harder for him and his colleagues to break into the iPhone was by recently making the password guesses slower, with a change in hash iterations from 10,000 to 10,000,000. A report on the Motherboard website said Flatley explained that this change meant that the speed at which one could brute-force passwords went from 45 attempts a second to one every 18 seconds. "Your crack time just went from two days to two months," he was quoted as saying. "At what point is it just trying to one up things and at what point is it to thwart law enforcement? Apple is pretty good at evil genius stuff," Flatley added.

Slashdot Top Deals